How do stock options really work?

Question

On the job market for tech companies, stock options are a big topic for job seekers looking for an attractive equity package. As someone without a finance background, it's a bit tricky for me to really understand the risks. What happens usually if an employee receives stock options from the company, what exactly does she get? What if the employee quits after a couple of years? Are there different types (if so, what's the "employee-friendliest")?

Answers: 0 public & 1 private

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