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Yes. Stock plans often have various provisions on any acceleration of vesting, on whether unvested options or restricted stock continue vesting, and on post-termination exercise periods for vested options. These can depend on whether the termination is "for cause" or involuntary, or whether it results from death, disability, retirement, or a change in control. Most commonly, when you terminate employment under normal conditions, vesting stops. See your stock plan and grant agreement for specifics, such as those on disability, death, and retirement.
Your company is not required to keep you informed of these provisions. This is your responsibility and can affect how and when you leave your company.
See another FAQ for survey data on the most common treatments of unvested stock options at termination. |