What happens to your non vested stock bonus awards at layoffs- do you keep just the vested or you get to keep the rest as well. Do you still have to pay any for the vesting period to cash it? Has anyone impacted dealt with this?
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You keep them in retirement if you are able to retire. I retired in Feb. after bonus. They will vest just like they would if you were an employee.
Unvested RSU's you keep if severed. You lose them if you quit. They vest on the same schedule. They DO NOT vest immediately.
Don’t even try to figure this out - ask a bunch of anonymous strangers instead
i was severed and as folks have said it depends on the specific language in the grant. in general, i still believe If you meet the grant retirement language during your working notice you will retain the grant and it will vest based on the schedule in the grant document. in my documents it was based on points based on age plus years of service.
I chose to retire a few months ago fearing displacement. You keep them if you retire and they vest as normal. I believe if you are displaced you keep them and they vest as normal. I think it used to be that they vested right away if you got laid off, but I have heard that WF changed this.
do the needful and log into equate plus (labeled long term equity awards on Teamworks) and read your docs. they made some changes over the last few years but at least for those tied to annual bonus with a 4 year vest you should get to keep them however they will continue to vest over 4 years. if you quit you lose them but not at fault termination or death you continue to vest.
Charlie gets them as a bonus. Why do you think he’s laying off left and right? $30MM/yr isn’t nearly enough to live comfortably.
/s
It depends on the specifics for the year it was originally granted. You need to login to your RSU account and read the actual plan documents associated with your grant. It's fine print but it's there.
You are provided a link to gift them to either one of Charlie’s buddies that just got hired or your replacement in India
Unvested RSU's disappear with your job, unless you can negotiate for them, which you won't succeed at