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⛓️ Work-In-Progress
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- By @Marlon Metzger June 30, 2022: Do I need to sign anything to give my consent to the changes in the terms? Or was there a clause in the "old VSOP" terms that allowed the company to change the terms unilaterally?
- By @Marlon Metzger June 30, 2022: When I left Luminovo in 2019 I was a clear case of a good leaver (or at least I have always assumed so ). However, no Aufhebungsvertrag was signed. I had a friendly chat with Timon informing him about my plans, and, as far as I remember, we agreed that the next step would be to hand in the formal letter of resignation unless I changed my mind. Now, if I get brought into the new VESOP program, as I understand it, I will be a grey leaver (no Aufhebungsvertrag). In which case, again, my vested shares won't (and didn't) grow in value since my date of leaving. Is my interpretation here correct?
- By @Marlon Metzger June 30, 2022: I have a certain level of trust in the current management of the company, in the sense that I wouldn't expect you guys to use every possible legal loophole to minimize the payout to virtual shareholders in the case of an exit event. So it seems natural to relax and think "don't worry, you'll be treated fairly, if there's ever any issue we'll talk and find a solution". However, isn't there a significant chance that right after the exit event these decisions will be in the hands of completely different people who might actually have a significant interest in minimizing these payouts?