Question:
I am ex-employee with vested stock options of company. First, is it right for the company to freeze my option account? And if the company freeze the trading under SEC rule, should I get extension beyond my option expiration date since I won't be able to trade within the 90 day after my termination of employment due to the trade freeze?
Answer:
It is legally possible for the company to freeze your account. "Right or wong" is an ehical/ or moral consideration. I assume the grantor set the terms before you were granted the stock.
Options are an active employee incentive program, you buy options and improve your work so the company does better . . .
HOW will you be doing that as an EX-employee ?
Scandal is already hitting America over these option improprieties, sounds like you are trying another !
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