These two statements around the unvested shares due to vest before December are contradictory, no? If terminating early, do you still get accelerated unvested shares up until December or do you give this up by terminating early?
- Assuming your employment terminates due to redundancy, on the date your employment terminates, you will cease participating in any employee equity schemes in which you are participating and any unvested employee equity rights (e.g. stock options and other rights in relation to stock granted in connection with your employment (e.g. restricted stock awards)) will be cancelled.
- If you return an original, fully-executed Deed: procure the acceleration on the date your employment terminates of the vesting of any unvested and outstanding equity awards, other than awards known as “Performance RSUs”, that you hold as of the date your employment terminates under an existing or assumed equity plan or agreement to the extent such applicable awards would have vested had you continued in employment with Cisco until 15 December 2024.
This statement is also unclear as to whether you still receive the full two month salary (as part of redundancy package) if terminating early, it makes it sound like you'll only get up to the date when you terminated early, no?
- If you choose a termination date before the Provisional Termination Date in the way described in paragraph 2, an additional amount equal to your gross base salary and car allowance (if applicable) for the period from the Return Date to the Provisional Termination Date;