What is the name of your state (only U.S. law)? California
2 part question
I started my job March 5th 2017. I was granted shares in the company, 25% vested after 1st year. My vesting start date is listed as Feb 13th, 2017. The language says "the Option vests with respect to the first 25% of the Shares when the Optionee completes 12 months of coninuous Service after the Vesting Start Date." Does this mean my first 25% vesting starts Feb 13th 2018? Or March 5th 2018? If I were to quit before March 5th, do I not get the 25% vested?
Part of the agreement reads: "If your Service terminates for any reason except death or Disability, the vested portion of your Option will expire at the close of business at Company headquarters on the date three (3) months after your termination of Service. During that three (3) month period, you may exercise the portion of your Option that was vested on your termination date." My company only allows employees to exercise options twice a year, in January (which has passed) or in July (which would be more than 3 months away after May). In this case, upon quitting soon, would I be unable to exercise, given these conditions?