If you were awarded RSRs in precious years which vest over 4 years, did some of your shares vest this year even if you work for a competitor. The layoff docs say to refer to the RSR docs and my lawyer had difficulty understanding those. This is for lay offs (those getting severance).
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@dx severance docs advise getting a lawyer. Haven't filed a case. M3.
I won't go into why I asked question but can assure you the doc can be conflicting.
Why did you get a lawyer? Could he get you a better deal than the offered severance?
Did they lock you out of the rest site after you filed a case?
What level were you at? Vested is a huge issue for director exec folks as money is stuck and there are clauses through which it can get denied.
Sounds like you need a new lawyer
if you read your rsr agreements you would know that if you are laid off you keep your rsrs and they continue to vest each year as normal. It's only if you quit or are fired do you loose them. if you retire you retain them and if you die they vest immediately for your next of kin.
They should have vested on schedule if you were let go and on good terms. The best way to find out is to log into your account and try to sell them. It won't let you sell ones that haven't vested.