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.
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.