mandiev4

Sorry Thanx

40% vested ownership in company. I was given a piece of the company to help start it from the ground up. I had always heard that when a company sells most of it's assets that you automatically become 100% vested. But since we have notes on assets sold in 2014 they tell me that technically it hasn't sold (gotten paid) on the entity so I am not vested 100%. We sold a total of approximately 75-80 thousand acres on 2 sales. The one sale in question is from 2014 where we took notes on approximately 290 million dollars which have not been paid yet. We only have a few hundred acres and a midstream company left, so I believe we have sold over 90% of the assets. So if I left why would I not be vested 100%? Is it because the notes have not been paid for? Thank you again

I am new here but have a question. I think my company is fixing to lay me off. I was given a piece of the company to help start up the company about 3 1/2 years ago. We have recently sold approximately 90% of the company, about 40% was sold in 2014 and was given only a tax distribution on the sale as well as most of the sale was taken in notes which not have been paid yet. The sale of about 50% was sold recently, and I was given a large cash distribution from the sale of that entity. I was told the other day I was 40% vested. I would like to know 2 things If I left the company on my own am I fully vested or just with 40% of my share? If they let me go am I fully vested or I leave with my 40%? Please help Thank you in advance