Equity grants include nonqualified stock options, incentive stock options (ISOs), restricted stock units, and stock appreciation rights (SARs). The treatment of any outstanding equity grants upon termination of employment depends on the following:
Reason for your termination;
Timing of your termination;
Terms and conditions of the grant (as noted in your grant agreement or notice); and
The plan that governs your grant.
Stock options and SARs
You will have limited periods of time to exercise vested stock options and SARs after you leave Hewlett Packard Enterprise. It is your responsibility to track the status of your outstanding grants and exercise them prior to their expiration.
In general, vested stock options and SARs granted by HP/HPE may be exercised within three months after your termination of employment, or by the original expiration date if earlier. However, special considerations may apply if you terminate due to death, disability, retirement, participation in a workforce reduction program, or for cause. In addition, the post-termination exercise period for incentive stock options or for grants made under plans of acquired companies may differ; check your grant agreement for details.
Restricted stock units
Generally, you forfeit unvested restricted stock units upon termination of employment. However, special considerations may apply if you terminate due to death, disability, retirement, or participation in a workforce reduction program.
What action you need to take
Please refer to your grant agreement, the appropriate plan document, and the plan prospectus for complete information about your grant. If you have any questions, you should contact Merrill Lynch before your last day of employment.