French term
United Kingdom
Works in: French to English
indisponibilité des droits
| 4 +1 | lock-up |
Attorney DC Bar
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| 4 | (during) vesting |
rkillings
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Jan 3, 2008 17:33: rkillings changed "Level" from "Non-PRO" to "PRO"
PRO (3): Julie Barber, Attorney DC Bar, rkillings
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Proposed translations
lock-up
"Some companies have a "lock-up" period, during which you can't sell the
shares received through an ESOP (typically 6 months). If you're intent on
exercising the ESOP and circumventing the lock-up period, your stock broker
may help you sell your stock at a price comparable to the current market
price, to be delivered after the lock-up period. Even if you don't want to
take the risk of holding the stock that may go down in price, there's seldom
any reason not to exercise the stock option to the maximum allowed if you
can sell the stock immediately at a profit."
"What is the lock-up period?
All the employee's assets are locked up for a five-year period following the acquisition date. The employee may obtain his/her assets before the expiration of the five-year period under legally-restricted conditions, eg if they get married or their contract is terminated."
| agree |
mistahara (X)
: Absolutely! See lock-up provision/lock-up period http://en.wikipedia.org/wiki/Lock_Up
30 mins
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thanks
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(during) vesting
That is, unless there is *also* a lock-up period that follows even after the vesting requirement has been met, in which case they would remain unavailable for that period, too! You'll have to figure out which applies (or whether both apply) from your text.
Discussion