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Your EAD will remain valid during its validity dates and as long as you maintain valid H-4 status. Even if the I-140 is revoked in the interim, it will not affect the current EAD’s validity. However, if the I-140 is revoked, you may not be able to extend the EAD card once it expires unless your spouse’s new employer has filed a new PERM or I-140 in time.

I would do the below:1. Give EAD along with approved I-1402. Give Advance Parole to approved I-1403. Use the unutilized visas and allocate to the backlog and clear the green cards for the same number immediately4. Increase the visa numbers annually to those nationals who contribute the highest towards US economy and not categorize based on country of origin. People migrating from India though are in big numbers, contribute tremendously to US economy. Unlike a handful from another nation.

Yes you can.Following will be the consequences:Your new employer have to redo labor certification (PERM) and once it is approved he has to apply for I-140 again. (If you want the green card based on this new job)As you already have approved I-140 it means your priority date is locked/saved. So when the new employer applies I-140 you can use the (old)saved priory date. So your position in green card queue is retainedThere are other cases:Your old employer may not revoke your I-140 even after you quit, in that case you can go back to that company and work to get green card when your priority date becomes currentYou can also use that I-140 (from old employer) to get unlimited h1b extensions or your spouse can use it to apply EAD or renew it.If your old employer revoked I-140 immediately and if your spouse’s EAD is based on that, it might be revoked by USCIS.NOTE: There is no clear written statement about it. In USCIS website it is mentioned that it's up to their discretion to revoke EAD or not if I-140 is revoked. My guess is that they will revoke dependent EAD only if your I-140 is revoked citing fraud or misrepresentation. Since there is no clarity there will be many wild guesses like this. So think carefully and take your decision.———————————————————There was actually a new rule in making process which everyone assumed and named it as I-140 EAD. It actually turned out to be a bummer as according to this new rule, USCIS will issue EAD who have approved I-140 only under very very special circumstances.Even though this rule isn't a relief for all the problems being faced by high skilled legal immigration community it had some useful things:If your I-140 is approved for more than 180 days and then if you quit that job then your employer cannot revoke it but can only withdraw it. Meaning your I-140 is considered to be active and can be used for H1-B extensions or your spouse can apply for HE EAD. But you will still to need to reapply for it again for green card purpose.There are some other minor benefits but these are the most promising one at least in my perspective.B̶o̶t̶t̶o̶m̶ ̶l̶i̶n̶e̶:̶ ̶T̶h̶i̶s̶ ̶n̶e̶w̶ ̶r̶u̶l̶e̶ ̶i̶s̶ ̶i̶n̶ ̶f̶i̶n̶a̶l̶ ̶s̶t̶a̶g̶e̶ ̶b̶u̶t̶ ̶l̶o̶o̶k̶s̶ ̶l̶i̶k̶e̶ ̶i̶t̶ ̶i̶s̶ ̶e̶i̶t̶h̶e̶r̶ ̶b̶e̶i̶n̶g̶ ̶w̶a̶t̶e̶r̶e̶d̶ ̶d̶o̶w̶n̶ ̶o̶r̶ ̶w̶i̶l̶l̶ ̶n̶o̶t̶ ̶h̶a̶p̶p̶e̶n̶ ̶i̶n̶ ̶n̶e̶a̶r̶ ̶f̶u̶t̶u̶r̶e̶.̶ ̶S̶o̶ ̶y̶o̶u̶ ̶c̶a̶n̶'̶t̶ ̶c̶o̶u̶n̶t̶ ̶o̶n̶ ̶1̶8̶0̶ ̶d̶a̶y̶s̶ ̶l̶i̶m̶i̶t̶ ̶o̶n̶ ̶y̶o̶u̶r̶ ̶I̶-̶1̶4̶0̶.̶ ̶E̶i̶t̶h̶e̶r̶ ̶y̶o̶u̶ ̶w̶a̶i̶t̶ ̶t̶i̶l̶l̶ ̶t̶h̶i̶s̶ ̶r̶u̶l̶e̶ ̶g̶e̶t̶ ̶p̶a̶s̶s̶e̶d̶ ̶o̶r̶ ̶s̶t̶i̶c̶k̶ ̶t̶o̶ ̶t̶h̶e̶ ̶c̶u̶r̶r̶e̶n̶t̶ ̶e̶m̶p̶l̶o̶y̶e̶r̶ ̶o̶r̶ ̶h̶o̶p̶e̶ ̶t̶h̶a̶t̶ ̶y̶o̶u̶r̶ ̶c̶u̶r̶r̶e̶n̶t̶ ̶e̶m̶p̶l̶o̶y̶e̶r̶ ̶d̶o̶e̶s̶n̶'̶t̶ ̶r̶e̶v̶o̶k̶e̶ ̶i̶t̶ ̶e̶v̶e̶n̶ ̶i̶f̶ ̶y̶o̶u̶ ̶q̶u̶i̶t̶.̶Edit: The new rule got passed and will be effective Jan 17,2017. So whoever have an approved I-140 for more than 180 days, their employer cannot revoke it anymore. (Unless the executive action which prompted this rule is revoked)Welcome to Modern Slavery. Good luck :)