Equity grants include nonqualified stock options, incentive stock options (ISOs), restricted stock units (RSUs), and stock appreciation rights (SARs). The treatment of any outstanding equity grants upon termination of employment depends on the following:
Merrill Lynch is the exclusive global broker you'll use to see your current equity grants.
You will have limited periods of time to exercise vested stock options and SARs after you leave HPE. It is your responsibility to track the status of your outstanding grants and exercise them prior to their expiration date.
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 your HPE employment is terminated due to death, disability, retirement, participation in a workforce reduction program, a corporate transaction (such as a spin-merge), mutual separation agreement, or for cause. In addition, the post-termination exercise period for incentive stock options or for grants made under plans of acquired companies that were assumed by HPE may differ; check your grant agreement for details.
Generally, unvested restricted stock units granted by HP/HPE are forfeited upon termination of employment. However, special considerations may apply if your HPE employment is terminated due to death, disability, retirement, participation in a workforce reduction program, a corporate transaction (such as a spin-merge), mutual separation agreement, or for cause.
Please refer to your grant agreement, notices communicated by HPE, 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.
For more information, see: