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Stock Options: Project Delay Results in Vesting, to Company's Chagrin (PDF)
Utz, Miller & Eickman, LLC
Mar. 23, 2010 Excerpt: It's hard to predict the future. Which makes it especially hard to describe the future in a legal document. One company's inability to anticipate the degree to which a project might be scaled back has apparently allowed an executive to vest in more options than the company intended. This was the result in Lewitton v. ITA Software, Inc., 585 F.3d 377 (7th Cir. 2009). MORE >> |
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