Manchester, NH asked in Employment Law for New Hampshire

Q: I was offered shares of a company as part of my hiring package. Employment has been terminated, are my rights forfeited?

They said at the separation that my RSUs would be forfeited, but this was not part of the agreement and the hiring package offered. There was zero mention or documentation of forfeiture and now they are trying to get me to sign this paperwork.

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1 Lawyer Answer

A: RSUs must vest before you can receive the underlying shares. Vesting schedules are often set to occur over time, so you would need to be employed at the company for a certain period of time before all or some of the RSUs vest. Termination of your employment usually stops the vesting, but this is governed by the plan. You should review the company's plan with an attorney to determine what your options are.

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