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Since September 2018, Tanium has placed a clause in its employment contracts allowing it to execute this kind of buyback within a year of an employee's departure from the company, the company said. "This is not the standard for venture capital backed companies," attorney and stock option expert Mary Russell told Business Insider. One former Tanium employee affected by the buyback calls it a "gut punch."Like many startups, cybersecurity firm Tanium offers its employees equity in the company as part of their compensation packages.
The clause in question says that the company reserves the "option to repurchase all or a portion of the Shares" issued to employees for up to one year after the employee leaves the company, according to a copy of the document reviewed by Business Insider.
Overvalued again.
How classy of them
Robbery
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