>"Wonder if their RSU grants have a clause that converts them to cash in the event of a takeover"
This is interesting question since RSUs are a big part of total comp but how are unvested RSUs dealt with when the stock is retired? Are those put on a future cash comp schedule? And if so at what conversion rate?
The last place I worked had an explicit clause in the RSU agreement that essentially said "if we get bought the price per share for unvested stock will be given to you as cash".
I'm curious was the complete cash out immediate or did it assume the same schedule as the vesting? I'm guessing if the cash out is immediate the company would then run the risk that those people might exit?
