Stock option with acceleration upon termination

I have a stock incentive plan, 10.5 months in I am terminated. Would be 25% after 1-year. I think the acceleration part of contract accommodates but wording is tricky. Was told by company I vested/get nothing. Stock is worthless now, but maybe some day?Interested in consultation.

1 answer  |  asked Aug 23, 2013 12:10 PM [EST]  |  applies to California

Answers (1)

Marilynn Mika Spencer
Stock option and incentive plans are fairly complex and the details should be reviewed with an attorney who has the right experience. There are all kinds of "gotcha" clauses employers add to these agreements.

For this type of assistance, you can expect to pay hourly. Plaintiffs employment attorneys in California charge anywhere from $250 to $750 an hour depending on many factors including experience, area of law, geographic location, work load, interest in the case, difficulty of the case and more. You should expect to need at least three hours for this kind of consultation.

To find a plaintiffs employment attorney in California, please go to the web site of the California Employment Lawyers Association (CELA). CELA is the largest and most influential bar association in the state for attorneys who represent working people. The web site is www.cela.org. Click on "Find a CELA Member" and you can search by location and practice area. Many CELA attorneys represent clients throughout the state.

I hope you can resolve your situation and wish you the best.

posted by Marilynn Mika Spencer  |  Aug 23, 2013 3:33 PM [EST]

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