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Ask HN: Who Wants to Be Fired?

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Re: Ask HN: Who Wants to Be Fired?

#861

Post by rytill » Sat, Oct 12, 2019, 3:57 PM UTC

naniwaduni wrote: post #128

rytill wrote: post #117

Earlier quoted context omitted.

If you're fired, do you vest fully? We got acquired recently and it seems like my vesting doesn't jump ahead if I got fired (without cause)... not totally sure though.

If you're in a situation where your vesting schedule incentivizes your acquirers to fire you without cause your lawyers may have ripped you off.

How does it usually work? Does one fully vest upon firing? Vest several months upon firing?

Re: Ask HN: Who Wants to Be Fired?

#862

Post by rytill » Sat, Oct 12, 2019, 3:59 PM UTC

ctoinhiding wrote: post #126

rytill wrote: post #117

Earlier quoted context omitted.

If you're fired, do you vest fully? We got acquired recently and it seems like my vesting doesn't jump ahead if I got fired (without cause)... not totally sure though.

it's technically not vesting (my founder shares were fully vested on acquisition) - more of a hold back. we made sure to negotiate this term in. doesn't work that way for employees unfortunately.

So basically there are separate founder and employee shares and negotiated different terms for the two (hold-back and options)?

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