How to negotiate a document

By Rick Colosimo / May 19, 2015 / Comments Off on How to negotiate a document

This article gives some tips on how to negotiate a contract. While it’s aimed more at business people, it’s awfully close to what lawyers should do. I think almost every document can be fixed in one round of changes, unless there are open business issues that were deliberately left open at the term sheet or…

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CEO privilege

By Rick Colosimo / May 15, 2015 / Comments Off on CEO privilege

Many of my clients are founders and CEOs of their companies. Sometimes, they’re inexperienced in this role, regardless of how old they are or how much education they have. One of my common themes for some of these folks is the “you’re the boss” speech. When you are the CEO, you are the captain of…

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How to backdate stock options

By Rick Colosimo / May 11, 2015 / Comments Off on How to backdate stock options

I’m sure that at least one securities litigation lawyer got a fever just from reading the title of this post. And that’s a good thing — you should all learn from it. Here’s the scenario: you intended to grant some options to a valued employee, but that was a few months ago, or maybe even…

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Accelerating stock options

By Rick Colosimo / May 8, 2015 / Comments Off on Accelerating stock options

Someone recently asked me about stock options: How do they generally work when stock hasn’t vested and the company undergoes a change of control? Do the options immediately vest? Are they lost? The typical model is that the vested options are either exercised, net exercised, or paid as if net exercised. In short, they’re paid…

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