As an employee of Skillz Inc., Gautam Shah received awards of stock options. Under the Skillz plan, Mr. Shah could exercise his vested options within three months of his termination of employment. However, his options expired on the date of his...
Court Of Appeal Holds Stock Options Are Not Wages, But Damages Need Not Be Measured At The Time Of Breach
Posted on April 09, 2024
Is An Option Exercise Non Bis In Idem?
Posted on January 16, 2024
Is the issuance of shares upon exercise of a stock option distinguishable from the issuance of the option? The answer under California's Corporate Securities Law of 1968 may surprise some. Corporations Code Section 25017 adopts a unified view of...
In This Case, A Wrongful Termination Does Not Render Repurchase Wrongful
Posted on July 15, 2020
Shareholders' agreements in closely held corporations frequently grant the corporation and/or the other shareholders the right to repurchase a shareholder's shares if the shareholder ceases to be an employee of the company. What happens if an...
How To Confer A $6.9 Million Benefit For Less Than A Half Dollar
Posted on August 09, 2017
In March 2011, the three-member compensation committee of EchoStar Corporation awarded options to purchase 1.5 million shares of company stock to its Chairman, Charles W. Ergen. According to EchoStar's proxy statement for its 2012 annual meeting,...
