Employee equity grants are a contract and as such have certain clauses that can seem tricky. However, as soon as they are understood, the clauses can help you negotiate and understand the consequences of your actions. 

Sources mentioned in the episode

1. Almanac: Discussing equity with an applicant. https://almanac.io/docs/script-discussing-equity-with-an-applicant-abdf5a26e11003ed511bfae5d59e1260
2. Chris Voss: Never Split the Difference: Negotiate As If Your Life Depended On It:  https://www.goodreads.com/book/show/26156469-never-split-the-difference
3. Prospect theory: https://www.jstor.org/stable/1914185?origin=crossref