[alexandernst]

How so? They don't have any actual stock. They have options to stock.

[andy_boot]

Usually depends on the type of option. If they are 'double cliff' then the employee stock option will vest automatically, if they aren't then the emplyee will lose them.

[Kudos]

I've never heard the term 'double cliff' before, can you explain?

[samscully]

I think they might mean "double trigger" acceleration, where the options vest automatically on change of control.

[mattmireles]

exercise the option = buy the stock