It seemed to be a possibility mentioned today in an all hands meeting. Seems like it was being discussed, but I did not know how seriously. I assumed all unvested RSUs would be forfeited once you sign the papers accepting the severance.
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Received unvested stock as direct deposit in June
The sent a company-wide email saying that because people were getting laid off so close to the vesting date, they were going to pay out whatever was supposed to vest, in cash, as a one-time deal.
Obviously they don’t vest, but they may bridge if you return in under 2(?) years.
It’s bull$hit. They ignored this question which had 140 upvotes from employees in the forum. Many times what any other question about layoffs etc had. Most employees were issued RSUs in lieu of salary bumps. Intel lies and only wants softball questions. They cant answer this one without admitting how lame it is.
Correct. UNvested is unvested. You don't get to keep them.
you lose all RSUs that aren't vested. Sometimes vesting is extended under some retirement criteria if you qualify.
The unvested RSUs will be gone at the exit date.