April 9, 2015
CII’s New Policy: Automatic Accelerated Vesting of Unearned Equity
– Broc Romanek, CompensationStandards.com
Last week, the Council of Institutional Investors approved a policy opposing automatic accelerated vesting of unearned equity in the event of a merger or other change-in-control. The recommended best-practice policy states that boards should have discretion to permit full, partial or no accelerated vesting of equity awards not yet awarded, paid or vested.