The Unfair Stock Option Exercise Period
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Stock options are a fabulous compensation tool for early-stage companies that can’t typically afford to pay market rate salaries. They also serve as a good retention tool for employees that have unvested options. That’s because employees desire them to vest in order to maximize the value of their equity during a future exit event. But there’s something about most stock option plans that seems unfair to me and, increasingly, others – the 90-day post-termination exercise period.
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