Incentive stock options & employment

[Th3redbar00n]

in Virginia. I’ve been at my company for a few years and have been thinking about buying the shares that has vested through my incentive stock option. It is a funny environment and I don’t know how it will be perceived. My brain went to a weird scenario and I don’t know where to find an answer.

say I write my company a check for my vested shares and they just don’t like it. Can they fire me after me asking?Would I still be eligible to buy them?

In my agreement I have 30 days to purchase them if I quit. If I am fired the options expire.

 

[quincy]

in Virginia. I’ve been at my company for a few years and have been thinking about buying the shares that has vested through my incentive stock option. It is a funny environment and I don’t know how it will be perceived. My brain went to a weird scenario and I don’t know where to find an answer.

say I write my company a check for my vested shares and they just don’t like it. Can they fire me after me asking?Would I still be eligible to buy them?

In my agreement I have 30 days to purchase them if I quit. If I am fired the options expire.

Huh?

 

[PayrollHRGuy]

in Virginia. I’ve been at my company for a few years and have been thinking about buying the shares that has vested through my incentive stock option. It is a funny environment and I don’t know how it will be perceived. My brain went to a weird scenario and I don’t know where to find an answer.

say I write my company a check for my vested shares and they just don’t like it. Can they fire me after me asking?Would I still be eligible to buy them?

In my agreement I have 30 days to purchase them if I quit. If I am fired the options expire.

Why would they fire you for taking part in a program they created?

 

[zddoodah]

say I write my company a check for my vested shares and they just don’t like it. Can they fire me after me asking?

Your employer can fire you at any time, and it would not be illegal to fire you for exercising a stock option (although I find it nearly incomprehensible to think that any employer would do that). Would firing you constitute a breach of the stock option agreement? Obviously, we have no way of knowing.

Would I still be eligible to buy them?

This question is impossibly vague (in part because of your haphazard use of plural pronouns throughout your post), but your eligibility to buy shares of your employer's stock is obviously governed by documents that no one here has read.

What is it that makes you so paranoid as to think that your employer might fire you for exercising vested stock options?

 

[adjusterjack]

My brain went to a weird scenario and I don’t know where to find an answer.

I suggest that you read your stock option plan carefully and thoroughly. That's probably the only place you will get an answer to your question.

 

[quincy]

I suggest that you read your stock option plan carefully and thoroughly. That's probably the only place you will get an answer to your question.

Reading the plan and/or asking the employer. Reading the plan makes the most sense but, unless there is a real fear of the employer, simply asking can be easiest.

 

[adjusterjack]

I'd be reading the plan first. Just on general principles.

 

[quincy]

I'd be reading the plan first. Just on general principles.

I think that is probably smartest. It sounds as if Th3adbar00n does not have an over abundance of trust in his employer.