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You Can't Take It With You: Sunset Provisions for Equity Compensation When Managers Retire, Resign, or Die

Dahiyaa, Sandeep et al.
NYU Faculty Digital Archive · Papers
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multidisciplinary
Company stock option plans have diverse “sunset” policies for modifying terms of options held by managers who exit the firm. In our S&P 500 sample, these forfeiture, vesting, and expiration provisions are less generous in companies characterized by fast growth, dependence on skilled human capital,
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