I am an accounting manager at a small start-upish company with about 33 employees and we all have been strung along for two years about getting our equity plan. I was hired in 2016 and in my offer letter it says "you will be eligible to participate in the equity plan as it becomes available in 2016". The whole company is super annoyed that the CEO and founder took this long to give us our equity plan coming up with thousands of excuses but they will finally give it to us tomorrow. The issue is that they were giving us 24 hours to sign it. I know a bit more than the average employee due to my position and a bit versed in equity, stock options, 409A valuations, and the tax liabilities but know that an attorney/accountant need to take a look and vet the agreement to make sure everything is kosher. 24 hours is too little time to give notice for outside help and it feels like we would be signing this documents under duress. What defense can I and employees at my company come up with that wouldn't force us to sign something within 24 hours of receiving it.
Submitted July 24, 2018 at 12:24PM by Darker_Zelda https://ift.tt/2A7enOk
