I’m no lawyer. But, this sure smells like some form of fraud. Or, at least breach of contract.
Employees and employer enter into an agreement: Work here for X term and you get Y options with Z terms attached. OK.
But, then later pulling Darth Vader… “Now that the deal is completing, I am changing the deal. Consent and it’s bad for you this way. Don’t consent and it’s bad that way. Either way, you held up your end of our agreement and I’m not.”
Employees and employer enter into an agreement: Work here for X term and you get Y options with Z terms attached. OK.
But, then later pulling Darth Vader… “Now that the deal is completing, I am changing the deal. Consent and it’s bad for you this way. Don’t consent and it’s bad that way. Either way, you held up your end of our agreement and I’m not.”