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Skype stock picture8/16/2023 ![]() The company reserves the right to implement a policy in the future to clawback vested or unvested shares, and you’re agreeing that such a change will apply retroactively to your shares:Ĭlawback Policy. Such terms could be included in any agreement with the individual, such as a Stock Option Grant Notice, a Stock Option Agreement, a Stock Option Exercise Agreement, a Termination and Release or Severance Agreement, a Restricted Stock Agreement, an RSU Agreement, an Employment or IP Agreement, or a Stockholders' Agreement. The Company (and other designated Persons) may repurchase any or all of the shares of Stock granted to a Participant pursuant to an Award or acquired by the Participant pursuant to the exercise of a Stock Option upon such Participant’s termination of employment with, or Service to, the Company for any reason to the extent such a right is provided in an Award Agreement or other applicable agreement between the Company and the Participant. The company reserves the right to include clawbacks for vested shares upon an individual's termination of employment: For more on the issue, please see Clawbacks for Startup Stock - Can I Keep What I Think I Own? These are a few (of many) ways startups can reserve the right to take back the value of vested shares or options. ![]() ![]() These are some examples of claw-backs that limit the value of a startup equity grant. You are welcome to contact her at (650) 326-3412 or at. Attorney Mary Russell counsels individuals on startup equity, including:
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