Thread regarding Sabre Holdings layoffs

Stock award security

If you were granted a stock award that vests over several years as an incentive to not quit then what happens to the unvested stock if you are laid off before it's vested? Do you lose it or does it vest on schedule even though you no longer work for Sabre?

by
| 1515 views | | 6 replies (last )
Post ID: @X5z9a1b

6 replies (most recent on top)

If you quit you forfeit any stock given. Not sure about being laid-off, however at Sabre the rules are NEVER the same for Employees and Sr. Management so not sure what happens there.

by
|
Post ID: @X5z9a1b-abtu

while some of these answers sound in line with previous jobs i’ve worked. I wouldnt trust these answers, the true answer relies in the detail of the award you were given. Go back and read that documentation closely

by
|
Post ID: @X5z9a1b-2eot

That’s why there is a high voluntary turnover in March. People wait for their VCP payout and for the next 25% of their stock to vest, then they leave. You only get to keep what is vested.

by
|
Post ID: @X5z9a1b-ozu

All unvested stocks are gone once you leave. It’s used as a retention lever for a reason.

by
|
Post ID: @X5z9a1b-npr

You lose it! You can remain with the stock that was vested before being laid off

by
|
Post ID: @X5z9a1b-uux

Directors and below will not know this answer as we are not thr priveledged

by
|
Post ID: @X5z9a1b-gyf

Post a reply

: