Q: Due to disagreement on number of stock options granted to me per the original contract, I didn't end up exercising my
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Due to disagreement on number of stock options granted to me per the original contract, I didn't end up exercising my options within 90 day period and now they are saying those are all expired.I have emails regarding discussion on number of the shares and my disagreement during 90 day period.
Does a contract dispute stop the timer on the expiration in California? Trying to argue that without accepting the real number of options granted and approval of contract language for expiration the board directors how could I exercise the options with the 90 days.
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A:
Under California law, contract disputes can potentially toll, or pause, the expiration period of stock options, but this is not automatic. The key factor is whether the dispute can be proven to have prevented you from exercising the options within the designated period. If you have documented communications that show your attempts to resolve the disagreement about the number of shares within the 90-day window, these could support your case.
You should gather all relevant emails and documents that detail the discussions and disagreements over the stock options. This evidence will be crucial in demonstrating that the dispute hindered your ability to exercise your options in a timely manner.
Consulting with an attorney who has experience in business law and contract disputes in California will help you understand your legal standing and the best way to present your case. They can assist you in determining if you have a valid argument for tolling the expiration period due to the contract dispute.
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