I am ex-employee with vested stock options of Comp A. Is it right for company to freeze option account?
I am ex-employee with vested stock options of company. First, is it right for the company to freeze my option account? And if the company freeze the trading under SEC rule, should I get extension beyond my option expiration date since I won't be able to trade within the 90 day after my termination of employment due to the trade freeze?
Public Comments
- It is legally possible for the company to freeze your account. "Right or wong" is an ehical/ or moral consideration. I assume the grantor set the terms before you were granted the stock.
- Options are an active employee incentive program, you buy options and improve your work so the company does better . . . HOW will you be doing that as an EX-employee ? Scandal is already hitting America over these option improprieties, sounds like you are trying another !
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