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by arafa 1898 days ago
"Some special circumstances" can also mean where stock prices go down low enough to bring employees below their compensation target. It doesn't happen much lately at tech companies because the stocks are soaring, but it used to be more common. In those cases, many employees can receive more stock to bring them up to target. It puts a real and meaningful floor on stock price risk and is a nice fringe benefit for companies that do this.