Geoffrey S. Mendelson wrote: > Note that according to > Israeli law, you have to buy out your options when you leave the company. > Well, yes and no.
First of all, whether you have to buy your options when you leave depends on your stock options agreement, not on the law. Second, you can, according to article 102, buy your options and leave them with the tax escrew agent, which means you only have to pay for the options, not for the tax on the income. That's how I ended up with shares in GTeko when they were bought by Microsoft. Of course, the flip side is that it is EXTREMELY unlikely that, in this day and age, you will find an employer who will let you do that. In Gteko's case, for example, they wound up with a former employee that was an share holder, approving financial reports and the CEO's contract. Most companies, for very good reasons, will not let you do that. In other words, the facts of your statements are correct, but the reasons for them are the options contract, and not the law. > And I'm NOT saying all dati > people are like that, for example Sandy Kolb, the BEST patent lawyer > in the country is dati. > Funny you should mention him. I've never met the guy, but have had the occasion of talking to one active client of his and another ex-client. They both agreed on one thing: The guy is expensive! As one of them termed it (sorry, Hebrew ahead): > סנדי הוא יהודי יקר. אתה נכנס, אומר שלום, מתיישב, זה כבר 50 דולר. Shachar -- Shachar Shemesh Lingnu Open Source Consulting ltd. Have you backed up today's work? http://www.lingnu.com/backup.html
