I always wonder why I visit this forum. I was let go six months ago with a years' worth of severance pay. I saw that as a nice bonus - 100% bonus I have never received more than 20% for all those years I have been with the bank. I have gotten a nice job but in a different industry (not finance related). I come here to check the state of the firm which I served for so long. Habits.
I say the above to stress the reality that risking a 100% bonus - a reward for all those years - was not worth it. I knew that the writing is on the wall with P-M and I thanked my luck to get on the LO list and not the "fired" list. Did my refusal accelerate and firmed the decision? I do not know but most definitely it angered my manager. And I was an easy choice when she had to give a list. Win - Win is my take
Take the money. Consider that as a bonus. The market will absorb you. For most of us, it is a hit on our pride. "How can they refuse to see my value?" is the question. But reality is when they rate you as "Not Tracking" they have made up their minds. Why would you want to stay there and prove yourself to a person who is insignificant in your life / career?
Whether you sign or do not sign, my experience says does not matter. Maybe it can firm you up for and push you to the top of the list. Thats all.
BNY is just another firm. It is not my firm. Unfortunately, I realized it very late. It will survive without me and vice versa I will and am flourishing.
Gone are my parent's days where they worked and retired in the same firm with a big pension.