#vesting

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Whoa ... My RSUs were canceled after the garden leave ended

RIF employee here and my separation agreement contradicts what SNPS had Etrade do with all non-vested RSUs.

All of my 2023 and 2024 RSUs that were awarded during that period should have been fully vested right away. The 2025 RSUs should be fully vested all the ones that would have vested in the next 12 months from the terminate date.

They canceled all of them.

Calling SNPS stock services right now so everyone affected by the RIF should check their etrade account.


Quarterly RSU Vesting proposal

It doesn’t matter to who are already let go, but it matters a lot to who are there absorbing heavy workload and on call’s. Leadership can take some more stupid decision on AI data center expansion and betting on OpenAI. As you all know OCI is outdated and old fashioned cloud it can never win cloud race.
Oracle will again do layoffs for employees who has RSU vesting in upcoming quarter. Please create public pressure and sign petition and change RSU vesting to quarterly.


pension lump sum

After nine years with cvx, I am planning to move on. I just have a perhaps stupid question: since our pension is vested after 5 years of service, will we get all the lump sum number shown in total awards webpage if we choose to take it out? and if we choose to let company manage it, the number will continue to grow as we approach 65 right?


Useful Info to plan your life

The posts are generally whining and moaning.
I thought I would provide info so folks can plan better.
Topic of this week is around NRE and pension.
You don’t lose your pension. You lose benefits, especially medical. You get your pension, you get vested after 5 years. So you will get your pension. However discounting is different between retiree and terminee. Suggest you run Alight calculator between age 55 and 54.5 and you will know the difference.


The S.S. Centerwell

With all the changes we are experiencing in CW that don't make logical sense, the wrong people being let go while others get placed in vague non value roles, I wonder if our leader Sanjay has settled his lawsuit with his last company so he can focus and earn all that salary he is getting here. The lawsuit makes claims that are concerning and I really hope we don't have a similar experience here. I'm sure he is an honest and upstanding guy and it was all a misunderstanding. I mean, the way he just smiles and has talked about a brighter future for the last couple of years I am sure they are wrong. Sure we have been hearing it for a couple years and just need a couple more years to see it. It's a 4 year plan. Similar to a vesting schedule.


Watch your 401-K Match

If you have been recently laid off or left on your own, double check your vesting amount especially if you Rollover your account. I was fully vested as I had been with TD a long time past the vesting requirement before I left. I received an email in December telling me I needed to rollover my account or make an election by a certain time period or my account would be closed and I would basically receive a check for the balance. I rolled it, but then I was missing a large sum of money which was the match portion as if I wasn’t vested. I called Fidelity and they agreed I had been vested for awhile and they reached out to TD to refund me. I’m still waiting on my money and following up. I’m hoping I’m just a clerical error, but I just wanted to throw a heads up in case I’m not.


Vesting

The big vesting is in November, and it will be paid in full.

This is the last large vest for those of us who were here during the 2022 crash when they topped us up.

Going forward vesting is quarterly.

It is much smaller because I used a much higher stock price when allocating them.


Cost of the switch to annual 401k match

AI chatbot told me, when I put in my particulars, that the gains foregone from the switch to annual match from quarterly we used to have is about $1,500, since missing out on getting money in during the lower levels throughout the this year, assuming S&P closes out the year at current level. Thanks Charlie, and the "special award" ain't gonna make up for it, even if we're around for it to vest. Especially given the big lump that would have matched Q1 on the bonus period contribution. And most companies match per pay period, so annual is a real stiffing.


Margin drop intended for new investments? Comp? Or just vesting schedule change?

Is the margin reduction for reinvestment in employees, hiring, comp, or product development? The change in the vesting schedule is not significant. It would be prudent to reinvest in junior employees, new hires, engineers given the recent pressures the company has been facing.

How long do employees need to be at the company to be eligible for equity?


Pattern in layoffs?

I’ve noticed a few people suggest they were laid off just before an employment anniversary or milestone. Curious is any of these people are in the same boat as me, where you were terminated with a couple days of RSUs vesting?