zlacker

[parent] [thread] 1 comments
1. lr4444+(OP)[view] [source] 2024-05-18 00:41:57
Yes, they can choose not to renew and IANAL, but I'm fairly certain there has to be a valid reason to cancel vested equity within the 7 year time frame, i.e. firing for cause. I don't think a right to shares within the period can be capriciously taken away. You have a contract. The terms matter.
replies(1): >>lopken+21
2. lopken+21[view] [source] 2024-05-18 00:55:02
>>lr4444+(OP)
> You have a contract. The terms matter.

Right. In the case of OpenAI, their equity grant contracts likely have a non-disparagement clause that allows them to cancel vested shares. Whether or not you think that is a "valid reason" is largely independent of the legal framework governing RSU release.

[go to top]