What happens with your exercisable stock options after a Layoff?
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Correction: the 60-day notice period is NOT included in the 3 months you have to exercise your options. Quoting from "AMENDED AND RESTATED 2000 LONG-TERM EQUITY INCENTIVE PLAN" (dated June 30, 2016):
"As it relates to stock options, if your relationship with Oracle (or a parent or subsidiary) is terminated for any reason other than your death or disability, you will have the right to exercise your vested options at any time within three months after the date of your termination (or for any shorter period specified in your Option Grant Agreement). However, if the original expiration date for your option is earlier than three months after your termination, your option will continue to expire on the original date. Any options that are unvested at the time of your termination will be forfeited. If you are subject to Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the three month period following your termination will be extended by the number of days equal to Oracle’s “No Trading” period under Oracle’s Insider Trading Policy during which you were prohibited from trading in Oracle securities.
"If you are entitled to a notice period mandated under local law, such as a period of “garden leave” or similar period, or your employment agreement provides for a non-working notice period, the date of your termination will not be extended to cover that period. For example, if your last day of service with Oracle is January 1st and your garden leave ends on June 30th, all of your Awards will cease to vest on January 1st and you will have until March 31st to exercise any vested options."
This is for US employees, but don't take my word for it. Go to Human Resources -> Compensation -> US -> Stock Option Program and follow the "For more information" instructions.
If you're in the US, I think you get 90 days to exercise them after your termination date. If you're covered by the California WARN Act, you're still on payroll for 60 days (the notification period), so I think the termination date is when that ends.
Ok, it seems to be 3 months after date of termination.
If it is to be credited in the next 2 months you get it else it's gone