Voluntary Termination with at least 12 months' intent

[Sams111]

Hi

I am currently trying to negotiate an exit package with my employer. The Stock option rules are more favourable if I were to leave as part of a "voluntary termination with at least 12 months intent". I don't have a clue what this means. Can anyone help please? Many thanks

[ULA]

I think you will need to provide the full clause that this phrase "voluntary termination with at least 12 months intent" come from. The full context is neeed to provide you the advice you need

[Sams111]

Thanks. It’s not in a sentence as such. It’s one of the scenarios in a table describing different reasons for termination and what the treatment of share options would be under each. For example other categories in the table are “death”, “disability”, “termination for cause”, etc. I couldn’t see any definition for “voluntary termination with at least 12 months’ intent” but the treatment of stick options appears to be quite favourable. I’d like to ask for my termination to be treated under this category Just a little worried as I’m not sure what exactly it means

[ULA]

What I think it may mean is that you if voluntarily decide to terminate your employment you have to give at least 12 months notice of leaving. If you did not then you would forfeit the benefits of the stock options.

[Sams111]

Thanks. That makes sense.