RSU's -- Keep it when you leave?
In your experience, are you able to keep RSU's you've vested before a company goes public when you leave, or do you have to give up everything you've vested if you leave before an IPO or buyout? Poll Question: Would you continue to work for a company which had a policy where you didn't get to keep those RSU's upon termination pre-liquidation?
That has been my experience. RSUs if vested leave with you. They can hold an expiration if the company doesn’t go public but that is typically years (5+) and not days. Anything un-vested goes away.
You typically keep / get to purchase within a certain time period. Honestly, Qualtrics is the only company I’ve heard of where you can’t. I’m sure there are others where this is the case or there’s a clause that enables them to buy back if you leave, but it’s not favorable for employees.
That isn't true
There were 2 questions asked. Which one was the options for?
Apologies, edited the questions so it would be more clear.
If their vested, they belong to you. That's what vested means.
Not in all cases, sometimes there's multiple clauses for a vest -- one being time based, the other being "event" based (aka liquidation event)
What about if vesting date takes place after you given notice but before you actually leave?
Typically you have to be there for the dispersement so if you leave between vest date and the date you receive them then you likely won’t get them.
RSU? Don't you mean ISOs?
I mean RSU.
They expire after a few years, but you keep them until then.
It’s my understanding that they’re transferred back to the company in this case, since Q is pre-IPO.
RSU you keep. Options have to be actioned w/in 30 days of leaving is my experience
That hasn't been my experience in all companies. Interested to hear from anyone who has been at a company where they didn't get to keep their RSU upon termination.
It usually is 90 days after termination to make a decision to exercise or forfeit the options, but more and more companies are trending towards extending that exercise window up to 10 years (which is the maximum life time of an option) which is more fair to the employees.