A worker will not receive any equity if the first trigger or cliff period is not met, such as when they leave the company before any RSUs have vested. Or even if the first trigger or cliff period is met, the worker was terminated by the company for cause. However, even if the first trigger or cliff period is met, if the company fails, closes or becomes bankrupt, then it is most likely that the second trigger or landmark event can no longer be expected to still be met.
Upstock’s reputation depends on ensuring that equity payouts take place when they are due. Hence, we have made sure that no legal loopholes can be used to deprive a worker or employee of equity that has been deservedly owned.