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A comment on OpenAI requires NDA for employees to keep equity. Parent comment

Re:OpenAI requires NDA for employees to keep equity by alexpetralia on Friday May 17, 2024 @11:59PM (#40396358)
If the original agreement offered equity that vests, then suddenly another future agreement can potentially revoke that vested equity? It makes no sense unless somehow additional conditions were attached to the vested equity in the original agreement.
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Re:OpenAI requires NDA for employees to keep equity by riehwvfbk on Saturday May 18, 2024 @02:08AM (#40396793)
And almost all equity agreements do exactly that - give the company right of repurchase. If you've ever signed one, go re-read it. You'll likely see that clause right there in black and white.
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Re:OpenAI requires NDA for employees to keep equity by ipaddr on Saturday May 18, 2024 @02:41AM (#40396923)
For companies unlisted on stock exchanges the options are then worthless.

These were profit sharing units vs options.

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Re:OpenAI requires NDA for employees to keep equity by umanwizard on Saturday May 18, 2024 @06:15AM (#40397767)
They give the company the right to repurchase unvested (but exercised) shares, not vested options. At least the ones I’ve signed.
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