Curious what the scenarios would be.
LLC stands for Limited Liability Company, a type of business structure that
Curious what the scenarios would be.
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Do you have an acceleration clause in your options agreement? If not, then you aren’t entitled to any shares. IANAL
Yup. If there is no acceleration clause and the company is acquired before your 1 year cliff, you could be out of luck. Many companies try to do the right thing and accelerate a portion of it even though they weren’t obligated to but not always.
What if there is no cliff?
In the absence of a cliff it depends on the vesting schedule. Assuming a monthly vesting schedule over a four year period, you’d be legally entitled to 1/48th of your total shares every month that you’re there.
3acknowledged
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