Hi Guys, what is the “Exercise event” for the ESOPs allotted by Indian startup’s?
Note: Exercise event means when the vested ESOPs can be allotted.
I have come across a couple startup’s which have a very sketchy Exercise event I.e 4 years after vesting of “all the allotted ESOPs”
So I’m trying to figure out how other startup’s are doing it in BLR/Metro cities in India.
Think most startups follow 25% vesting each year with a one year cliff
Employees need to send a notice to company stating they wish to exercise. This needs to be formally sent by employee and company is not obligated to inform.
@TallTales69 👆
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