Very interesting and good to know! I'm relieved that this is something that's done in the event of near-bankrupcy and not something that founders use to shadily "take back" equity from departed early employees.
Thanks! What about if founders/board decide to "take away" your already-vested equity after you leave the company, by issuing new shares to all shareholders except for you? Is there typically anything preventing this aside from goodwill/reputational concerns?