It seems like these terms would constitute theft if the equity awards in question were actual shares of OpenAI rather than profit participation units (PPUs). When an employee is terminated, their unvested RSUs or options may be cancelled, but the company would have no right to claw back shares that are already vested as those are the employeeās property. Similarly, donāt PPUs belong to the employee, meaning that the company cannot ācancelā them without consideration in return?
It seems like these terms would constitute theft if the equity awards in question were actual shares of OpenAI rather than profit participation units (PPUs). When an employee is terminated, their unvested RSUs or options may be cancelled, but the company would have no right to claw back shares that are already vested as those are the employeeās property. Similarly, donāt PPUs belong to the employee, meaning that the company cannot ācancelā them without consideration in return?