Prime Junta
Guest
How is it possible to own shares and "get nothing" when you leave the company you owned shares in? Or you didn't own shares in the first place? Then what is behind "co-owner", what do you own? Or was this false as well?
Can happen if somebody unethical tricks you into signing a really unfair shareholder agreement. All it takes is a clause like "if the shareholder stops working for the Company, his shares return to the Company at the original price at which they were acquired." There is usually a clause like this in SHAs, but in all sane cases it's time limited. The idea is to put a nice golden ball and chain on the founders until the company is nicely up and running, so they don't up sticks and leave six months into the exercise and then reap the benefits of everybody else's hard work. Three years is normal. Five years, sometimes. But Chris was at Obsidian much longer than that, so this is seriously uncool.