Batra v. Batra
Idaho Court of Appeals
17 P.3d 889 (2001)
- Written by Tammy Boggs, JD
Facts
Shubneesh Batra (plaintiff) was an engineer at a technology company. In September 1993, the company granted Shubneesh 1,514 stock options that vested in tranches at a rate of 20 percent per year. The first tranche and over 80 percent of the second tranche had vested before Shubneesh married Monica Batra (defendant) in July 1995. After Shubneesh and Monica were married, Shubneesh received additional grants of stock options. In 1996, Shubneesh filed for divorce. The parties disputed the proper method of calculating the community’s interest in the stock options. Under one proposed method, the community would be entitled to a share of stock-option tranches if the year of vesting occurred during a period of the marriage (the modified Short rule). Under an alternative method, the community would have a share in every tranche of unvested options, even if vesting occurred after divorce. The court decided that the modified Short rule was appropriate and made relevant calculations and characterizations, including the characterization of stock options granted to Shubneesh in September 1993 as community property. Shubneesh appealed, seeking review of the methodology and calculations.
Rule of Law
Issue
Holding and Reasoning (Schwartzman, C.J.)
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