Lock-in period: minimum delay between option grant and vesting, with no shareholder rights until exercise. A minimum lock-in requirement mandates at least one year between grant and vesting of employee stock options, with prior holding under options from a transferor company in a merger adjustable against that minimum. Companies may specify the lock-in for shares issued on exercise. Option-holders lack dividend, voting, and other shareholder rights in respect of granted options until shares are issued on exercise.
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.
Lock-in period: minimum delay between option grant and vesting, with no shareholder rights until exercise.
A minimum lock-in requirement mandates at least one year between grant and vesting of employee stock options, with prior holding under options from a transferor company in a merger adjustable against that minimum. Companies may specify the lock-in for shares issued on exercise. Option-holders lack dividend, voting, and other shareholder rights in respect of granted options until shares are issued on exercise.
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