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I live in a country where shit like that doesn't fly, and it would be very easy for me to have a legal course of action if I am to be terminated like that.
And what I meant by "if they don't succeed" is if the startup company folds within five years or something.
Basically, you can be a shitty employee and keep your job as long as there isn't gross negligence or willful misconduct? Sounds like a wonderful place.