Employee Stock Option Schemes
("ESOPs") are structured by companies
such that the employees are granted options which is a right that
vests over a period of time. Upon vesting the employee can
'exercise' and shares are allotted by the company (or
transferred by the Trust, if the ESOP is administered by a
Trust).
The question is, can the vesting be paused / stopped for reasons
such as sabbatical, unauthorized leave, garden leave, maternity
leave etc.?
Sabbaticals, garden leave is usually a program / policy that a
company would have and they spell out treatment of full pay,
partial pay, benefits and the like. Unauthorized leave is usually
treated as mis-conduct and is treated per company's
policies.
