What happens to an employee's equity when they leave Remote?

When an employee is offboarded from Remote, what happens to their equity depends on whether they are leaving their employer entirely or transferring to a different EOR provider.

If the employee is truly leaving the company

The monthly EOR equity fee ends on the employee's termination date.

If the former employee later exercises stock options that vested during their employment under Remote, Remote will still handle tax withholding and reporting where required.

Since former employees no longer have an ongoing salary, the required tax amounts must be collected through one of the following methods:

• Net settlement — reducing the number of shares delivered, or paying hypothetical tax on top of the exercise price
• Direct payment — transferring the amount to Remote's bank account before processing through payroll

If the employee is transferring to another EOR provider

If the employee is being offboarded from Remote but continuing their employment through a different EOR provider, Remote's responsibility for their equity ends at the point of transfer. The new provider takes on responsibility for future equity events, including vesting, exercises, and related tax obligations.

Ensure all pending equity events are declared and processed in Remote before the offboarding is complete. Contact your Remote account team to confirm the handover.