Yeah, my company just re-organized their shares and reset my vesting schedule after 5 years. And are trying to get rid of me.
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asdfasdfasdf@lemmy.world 9 months agoIMO one thing I think should be made into law is that if a company grants invested equity, everything granted will automatically vest when you get laid off.
If you decide to quit before they vest, I understand that those grants should be forfeited. If you get fired for not doing your job, I also get forfeiting them.
But if the company lays you off, that’s on their side, so I think the opposite (automatic vesting) should be guaranteed by law.
coffee_with_cream@sh.itjust.works 9 months ago
asdfasdfasdf@lemmy.world 9 months ago
Reset the schedule for shares they already granted you? Or for future grants?
coffee_with_cream@sh.itjust.works 9 months ago
Ones they already granted me
moormaan@lemmy.ca 9 months ago
Do you have a signed agreement with them on the original schedule? I don’t think it’s legal for them to unilaterally change that agreement.
SoleInvictus@lemmy.world 9 months ago
I had to verify the current situation in the United States is what you stated because it’s intuitively so wrong. I can’t believe an employer can set terms for compensation and, through no fault of the employee, legally prevent that employee from completing those terms.
Land of the free!