This is an improvement in some areas. However it allows companies to terminate employees for cause <i>and take back the shares they have already vested</i>.<p>In my opinion, if equity is presented as an important part of compensation, it shouldn&#x27;t be something that can be taken back any more easily than past salary could be. Looking at what happened at Skype, Zynga and other companies is enough that I would mostly discount any equity offered under such an agreement.