>Employees are unaware of these "veto" clauses
Please correct me if I am wrong, but don't all option agreements have a "no transfer" clause that explicitly covers sales of the securities?
Please correct me if I am wrong, but don't all option agreements have a "no transfer" clause that explicitly covers sales of the securities?
It wasn't until a buyer had been found and the company had been notified that they pulled out the company bylaws and revealed this extra clause deep in the bowels of that document--a document which had never been furnished before.
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