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> There's been a general consensus about what a "market" employee agreement contains, which lets people make decisions in a relatively uniform way between offers.

Is there? What counts as general consensus?

That's meant to be a serious comment. I've seen contracts that have vested stock grants expire after 2 years and some where vested grants stock never expire.

it seems to me that there isn't really any such thing as a general consensus when it comes to stock options.



I'd say that 4 year vesting with a 1 year cliff is pretty much standard across the valley.


Also: with right of first refusal, not this crazy "we can steal them back at strike price" crap.


I've never had such a contract but i'll take your word for it.

However, I was referring to when your options expire, which seems more appropriate to the story:)


It's not a question of them expiring. It's that the company issuing them had an opportunity to rebuy them at cost. I.e. your vesting schedule is completely meaningless. It's one of those situations where someone uses a word that has a specific set of associations (i.e. "I vest 25%, that means I get them right?") and then attaches terms that make it mean something else entirely ("yes, you get them, but I can take them away at my option without compensating you").




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