In response to the growing number of layoffs and those heightened concerns, myStockOptions.com has expanded its content on the immediate impact that job termination has on stock options, restricted stock, and other types of equity compensation. And, according to a press release, most of this content on job termination is available free with basic registration at the website.
Located in the website’s section Job Events, the FAQs of the job-termination content at myStockOptions.com answer the vital questions about the issues that can arise, such as:
What happens when employment ends before a stock option or restricted stock grant is fully vested?
How long do employees usually have to exercise vested stock options after employment ends? Must companies inform employees about this?
Are restricted stock and performance shares always forfeited if employment ends before the grant vests?
After employment ends, what happens to money that has been deducted from a paycheck to buy shares in an employee stock purchase plan?
What rights do involuntarily terminated employees have in their stock options and restricted stock, and what may the company do?
Can the terms of a severance agreement accelerate vesting or give a longer period to exercise options?
Does the reason for job termination affect vesting?
What happens to previous stock grants when an employee becomes a consultant for the company or is rehired?
Also in the section Job Events, myStockOptions.com has complementary content on the flip side of job loss: hiring and related job negotiation.
Special Offer For Certified Equity Professionals Who Lose Their Jobs
As part of its efforts to help during these tough economic times, myStockOptions.com offers CEPs who lose their jobs through a corporate layoff a complimentary myStockOptions.com Premium Membership, giving them full access to the site’s content and tools. CEPs in this position need only contact myStockOptions.com (email@example.com or 617-734-1979) to take advantage of this offer.
In addition, myStockOptions.com has launched a course of study on restricted stock, restricted stock units, and performance shares that provides five hours of continuing education credit for CEPs who pass the exam at the end of the course. Approved by the CEPI, the course and 28-question exam are available from a link on the home page of myStockOptions.com. CEPs who score 70% or better on the exam receive a certificate that they must submit to the CEPI to obtain the five credits. myStockOptions.com is developing other courses for CEP credit that will soon be available.