What happens to my RSUs / PSUs / stock options if I quit?

If you have RSUs, PSUs, stock options or other forms of equity compensation, a resignation is likely to impact your entitlement to these awards. 

In most plans, if the awards are already vested, then you should be able to exercise or receive the award since they are yours.  Out of an abundance of caution, it is usually a good idea to exercise on the awards before you tender your notice of resignation.  This avoids the employer interfering with vested awards or abruptly relieving the employee of duties before a major vesting milestone.  I have seen cases of this happening and it may be a breach of the employment contract, in which case, you end up having to chase the employer down for your vested awards (or the equivalent cash value), perhaps even having to commence legal action. 

It’s important to read over the contract, grant letter or award certificate as well as the plan terms in connection with vested and unvested awards upon resignation. Many plans entail cancellation of unvested awards upon resignation.  That said, it is always prudent to get legal advice on this.  The employee may still be entitled to compensation in connection with awards that are unilaterally cancelled by the employer upon resignation.