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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (29230)	5/5/1999 4:26:00 PM
From: w molloy	Read Replies (2) \| Respond to of 152472

>> They lost their options, If this was true, then I would be madder than hell too, BUT... Do you know what their option offering letter stated? This letter will also state what happens under a number of different circumstances e.g. termination of employment, sale of company etc. These things are pretty routine. The boilerplate looks something like In accordance with a determination by the board of directors of WidgetCo on TheGrantDate, AHugeNumber shares of common stack have been granted blah blah The options will vest over the following schedule blah blah The Option grant will fully vest upon death or disability of the participant or a change of control (as described below) blah blah The unvested option grants will be forfeit if - participants employment is terminated for cause - participant terminates employment for any reason Can you have a look at your mole's Option Grant document to see if anything is amis? I can't believe anyone would have signed up to something that would make their options null and void if the division was sold. w.