So you’re finally ready to take the plunge and join an Internet firm. And while chastened by Nasdaq’s recent plunge, you think you’ve found a company whose fortunes are strong enough and whose options are cheap enough to withstand any future market corrections. But before counting those riches, know that those enticing option rights may be shakier than a market turnaround.
A recent case involving IBM clarified that options are not wages and that companies can structure them so that the company can recoup profits if an employee jumps ship.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]