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Quiz 4 - A Crucial Deadline - The Post-Termination Exercise Period (PTEP) (Email 4)

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Question 1 of 4

Simple Homework: Find your grant agreement and look for the terms "Post-Termination Exercise Period" or "PTEP." What is your specific deadline? Is it the standard 90 days, or something else?

A

90 days

B

Something else

C

I can't find it

Question 2 of 4

 

What is the Post-Termination Exercise Period (PTEP)?

A

The window of time to buy your vested options after you leave a company.

B

The time it takes for your options to become fully vested.

C

The period you have to pay taxes on your options after they vest.

D

The time you have to get a new job after being terminated.

Question 3 of 4

 

What happens to your vested options if you do not exercise them within the PTEP?

A

They are forfeited and returned to the company's option pool.

B

They are sold by the company and the proceeds are sent to you.

C

They are automatically converted to shares and mailed to you.

D

The exercise window is extended for another year.

Question 4 of 4

 

What is the typical length of a standard Post-Termination Exercise Period (PTEP)?

A

30 days

B

1 year

C

60 days

D

90 days

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