I'd you are part of the LRs and are given the 60 days or 90 days and you have RSUs that are scheduled for vesting in that period, does one still get them as a Cisco employee or do you stop being on the payroll and being a Cisco employee once notified?
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Does the accelerated RSU after termination get deposited in brokerage account ?If so,after how many days does it take for the vested Rsu to show up?
Because the new rule applied to new grant on Nov 2023 (for most employee) or after, the earliest eligibility date is going to be Nov 2024. Therefore, standard one quarter (90 days) accelerated will be used I think. However, any rule is subject to change; past history cannot guarantee future practice. I think acceleration for ER is longer but have no info on that.
i was given 90 days from the notification date.
But the 55 rule only applies to new 2024 RSUs that have this new retirement option. It does not apply for the older ones. They would not be that sumptuous.
The vesting rule has changed recently. If the sum of your years of service and your age is at least 70, you are at least 55 years old with minimum of 5 years service, and your termination day is on or after the one-year anniversary of the grant date, then your unvested RSU's will fully vest when you leave Cisco.
You'll get whatever is owed you based on your vesting schedule. If a vesting date falls before your last day, you get your shares. In some cases, you could get some shares accelerated. This usually happens in the case of an ER package. This likely won't happen for a regular LR situation.