A legal question for you…
I was issued options at my start date in 2000, and additional options at several junctures since then. I was not married when I recieved my first option grant, but did get married Feb 2005.
I am still happily married, but I am interested in ensuring my options and future options are carved out for me, should the marriage ever dissolve for any reason. The last 2 or 3 options issuances have occurred since my marriage. I would like to know what alternatives are available to me and my company for the recording/issuing of the options. No new options agreements have been handed to me since my start date, but there are written and verbal communications noted to the employee files at each review or promotion, delineating any options increases.
I would like to, for example, transfer these options to a trust established by my folks, as one alternative. Your recommendation on a specific mechanism to move or surrender/reissue these latest options awards would be most appreciated.
Also can any future grants be granted to the trust instead of an individual? I need the best possible solutions and do not want to directly involve my spouse.
Bry_shark
I was issued options at my start date in 2000, and additional options at several junctures since then. I was not married when I recieved my first option grant, but did get married Feb 2005.
I am still happily married, but I am interested in ensuring my options and future options are carved out for me, should the marriage ever dissolve for any reason. The last 2 or 3 options issuances have occurred since my marriage. I would like to know what alternatives are available to me and my company for the recording/issuing of the options. No new options agreements have been handed to me since my start date, but there are written and verbal communications noted to the employee files at each review or promotion, delineating any options increases.
I would like to, for example, transfer these options to a trust established by my folks, as one alternative. Your recommendation on a specific mechanism to move or surrender/reissue these latest options awards would be most appreciated.
Also can any future grants be granted to the trust instead of an individual? I need the best possible solutions and do not want to directly involve my spouse.
Bry_shark