PSU’s, RSU’s and Stock Options Calgary – Performance Share Units, Restricted Stock Units
The opportunity to have a little piece of ownership within the companies they work for is a desirable idea for many hard-working Calgarians. Through stock options such as PSU’s and RSU’s, companies can give their employees a small stake in the business.
However, what will happen to these stocks after your dismissal? Do you fully understand the terms in your employment agreement around them?
Performance stock units (PSU’s) and restricted stock units (RSU’s) provide employees the unique opportunity to gain ownership stakes within the company they work for. This is common in many businesses because it attracts and retains talent.
Employee stock options are typically offered to staff at a fixed price for a specific time frame. During this period, employees have the opportunity to invest in the company for a reasonable price, and in turn, are more motivated to have the business perform well.
Can I keep my stock options if I lose my job?
This can be a tough topic for employees to address with the former employers that have let them go. Depending on the situation behind the termination, your ability to maintain your stock options will differ. In many termination “with cause” situations, the employer will cancel stock options that have not been exercised.
Don’t lose hope. If you’ve been recently terminated by your employer, we can help you address your stock options with confidence and fairness. We will review the terms of your employment agreement to ensure your rights are being respected during this challenging time.
