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Young & Savvy
Taking stock of employee share plans
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Those presented with a chance to pick up company shares will need to decide how these shares figure in their wider portfolio.
ST ILLUSTRATION: MIEL
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SINGAPORE – Cliffs, vesting, options... A bewildering lingo is used for stock plans designed to incentivise and reward employees by awarding them company shares or allowing them to purchase shares on favourable terms.
While stock options and grants have long been in place for executives in finance, large corporations and public companies, I had my first brush with the concept while reporting on retrenchments at technology firms two years ago. Affected workers I interviewed often pondered the fate of their unvested shares upon losing their jobs.
