Test preparation platform Unacademy has amended its employee stock option plan (ESOP) for former employees where they can now exercise their options within 30 days of exit, compared to 10 years earlier.
According to an official communication sent to exited employees, the company’s board has approved a one time 30 day window from the effective date of the revised plan. Former employees can exercise all vested options earned during their tenure. The email also noted that, under applicable Indian tax laws, the exercise of vested options would trigger…
