Tag: Equity Compensation
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Unacademy Slashes ESOP Exercise Window to 30 Days: What It Means for Former Employees
Overview: A Sharp Change in ESOP Policy In a move that has significant implications for former employees, Unacademy, the Bengaluru-based education technology company, has shortened the window to exercise vested stock options (ESOPs) to 30 days. Previously, departing employees reportedly had up to 10 years to exercise their ESOPs. The sudden change brings the rights…
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Unacademy Slashes ESOP Exercise Window to 30 Days for Ex-Employees
Unacademy Tightens ESOP Exercise Window for Former Employees In a move signaling tighter control over its equity compensation, Unacademy has reduced the window for ex-employees to exercise vested employee stock options (ESOPs) to 30 days. The Bengaluru-based education technology company previously allowed departing staffers to exercise their ESOPs over a far longer period, with some…