Startups

Gave two weeks notice. Got concurrent email about equity re-up. Do I still get it?

New 2wn
Feb 4

I got an email saying my equity will be doubled, and the paperwork to sign is coming soon. I'm not sure what the vesting schedule is, but I believe it's fully vested immediately based on previous contracts.
At the same time, I just gave my two weeks notice.

Are they required to still give me the equity? Can they not send the paperwork because they know I'm leaving? I plan to consult with a lawyer to check but that will take a few days to set up, so wondering if any of you have insight.

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  • Twitter
    AnonTweep

    Twitter

    BIO
    Definitely Jack Dorsey
    AnonTweepmore
    So your new equity doesn’t have a vesting schedule. That’s odd.
    Feb 44
    • New 2wn
      OP
      Yep. Due to legalities around an acquisition, and transferring of old equity to new equity, and something about a complex deal structure and avoiding taxes...no vesting schedule.
      Feb 4
    • Twitter
      AnonTweep

      Twitter

      BIO
      Definitely Jack Dorsey
      AnonTweepmore
      Is it “new equity” or did your stock get converted as part of the acquisition. These are different things
      Feb 4
    • New 2wn
      OP
      New equity legally, converted practically. Does it make a difference in the answer to my question?
      Feb 4
    • Twitter
      AnonTweep

      Twitter

      BIO
      Definitely Jack Dorsey
      AnonTweepmore
      Yes. Check with HR or the company stock administrator. In reality you have no rights with the equity and literally anything can be rewritten in the context of an acquisition.
      Feb 4
  • Homeaway ppMg64
    Would depend on the contract of the company. The company can deny that to you.

    You are anyways leaving, why do you feel that you deserve this that you are lawyering up?
    Feb 41
    • New 2wn
      OP
      It's for work put in, not work to come. I took a shit salary in exchange for these lottery tickets and I deserve em. Why leave free money on the floor if I don't have to?
      Feb 4
  • New VSwf01
    No, stop being greedy
    Feb 40
  • Tektronix / Sales
    BlueBerd

    TektronixSales

    PRE
    Oracle
    BlueBerdmore
    Read the fine print on your employment contract. My coworker gave 2 weeks notice the day before comp payout and they didn't get it.
    Feb 40
  • Uber / Enggrpa4v
    If I join your company right now, will I get that equity?
    Feb 40

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