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Quiz 9 - Liquidity Events & Control - The Value of "Change in Control" Clauses (Email 9)

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Question 1 of 4

Simple Homework: Scan your stock option grant agreement for terms like "Change in Control." Do you see it?

A

Yes

B

No

C

I can't find it

Question 2 of 4

What does a 'Change in Control' clause in your grant agreement dictate?

A

What happens to your unvested options if the company is sold.

B

The price you pay for your stock options.

C

The terms of your annual salary review.

D

The total number of options you receive.

Question 3 of 4

Which type of vesting acceleration requires both a company acquisition AND a termination of your employment to trigger?

A

Automatic Trigger.

B

Vesting is not accelerated during an acquisition.

C

Single Trigger.

D

Double Trigger.

Question 4 of 4

After a company IPO, what is a typical period where employees are restricted from selling their shares?

A

A lock-up period.

B

A vesting cliff.

C

A PTEP (Post-Termination Exercise Period).

D

A 90-day grace period.

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