IF you received this in the past, they were part of your total compensation package, and they vest over four years. If you choose to leave or are terminated for cause, you lose any unvested stock.
Layoffs are neither. If they don't vest, they are retroactively reducing your past compensation. Any employment lawyers interested in a class action suit?
They can accelerate the vesting. I was told to ask people solutions about it.
They accelerate the vesting, so nothing to see here....
Read your stock agreement, it specifically calls out what happens in the event of a RIF. Don't spread FUD.
You aren’t taxed on total comp. It’s clear in all paperwork both psp and stock bonus are “optional”. No grounds for lawsuit.
Huh? Stock bonus isn’t guaranteed, it’s a bonus.
Also, it isn’t taxed until it vests so there aren’t any issues there.
ESPP also is reimbursed if it hasn’t been purchased. Why would any of this be grounds for a lawsuit?
I don’t know what the current policy is, but I know in the past they were immediately vested and you could exercise over whatever your severance covered. Given the state of the stock though……….