I am band 7T Sr analyst, and am eligible for 2020 bonus of (target)10% salary. I worked at Verizon whole year for 2020.
If I leave Verizon now (January 2021), am I eligible for 2020 bonus, or do I need to wait till I get the bonus and then leave?
Thanks for your help and input.
@aKold+18UwFymy You must be active on the payroll as of 12/31 of the plan year in order to receive your bonus for that year UNLESS you retire or are RIFd. Then you will receive a prorated amount for the time you worked in the plan year.
Hey did ypu end up reveiving a check for STI?
communications are supposed to open to managers on the 11th, so I suspect that email will come tomorrow.
When will Hans let us know what percentage of STI will be paid in February?
Today.
When will know what percentage of STI will be paid?
Meant 12/26/20 - As long as you were on the payroll 12/26/20 you will get your 2020 STI as long as you leave on good terms via resignation. I looked it up in the 2020 STI plan document myself. To get the stock payment of 25 shares you have to be employed by the company in March 2021, different ballgame. Hope this helps all.
As long as you were on the payroll 12/26/21 you will get your 2020 STI as long as you leave on good terms via resignation. I looked it up in the 2020 STI plan document myself. To get the stock payment of 25 shares you have to be employed by the company in March 2021, different ballgame. Hope this helps all.
@2ipa+18UwFymy incorrect. You have to be on the payroll as of 12/31 of the plan year, not the first day of the following year.
So long as you work the first day of the new year, you get your full STI.
Thanks everyone for your help. I am OP. 😁 Hopefully I will not lose my STI. I have to leave because the next company would not wait for me till March.
You will get full bonus. If you are union you will get the rod. I guess that is why they never leave.
Don't worry about STI. You should be paid but leaving or staying is auch bigger decision than 1 10% bonus. STI this year will probably be garbage anyway.
How much you get?
What is the bonus payout for 2020 w pandemic abs stores closing, lines kept in service and delayed billing?
@pby+18UwFymy is correct. It will be paid to you when it is normally paid (Feb) and if you have direct deposit set up, that's where it will go.
You will get your full bonus if you leave now.