Failure to exercise employee stock options can lead to forfeiture or refund depending on vesting and exercise conditions. Regulation 20 provides that amounts payable by an employee at grant may be forfeited if options are not exercised within the exercise period, or may be refunded if options fail to vest due to non-fulfilment of vesting conditions, distinguishing non-exercise after vesting from failure to vest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Failure to exercise employee stock options can lead to forfeiture or refund depending on vesting and exercise conditions.
Regulation 20 provides that amounts payable by an employee at grant may be forfeited if options are not exercised within the exercise period, or may be refunded if options fail to vest due to non-fulfilment of vesting conditions, distinguishing non-exercise after vesting from failure to vest.
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