So here is an interesting question. Not sure if anyone reading can answer.
So we are laid off and paid until 10/15. So RJ fiscal year end is 9/30.
I seem to recall if you are employed on 10/1 you qualify for Profit Sharing and Stock. Will we be screwed out of this to?
Yes we will get. since we were employed at fiscal year end.....Sept 30
;)
In times such as these, I doubt that there would be much to offer any current employees anyway. If those remaining get anything, I would honestly be surprised.
Sorry to be the bearer of bad news, but, you will not be eligible for the profit sharing and stock if you were affected by this action. This is purely a cost cutting effort and your perceived profit sharing went out the door when you did.
That doesn't sound correct. On 10/1, you get paid through 9/30 and on 10/15, you get paid through 10/15. My manager was quite clear that we are on the payroll until 10/15. Of course, he could have misunderstood. Guess we will know once the severance package packets arrive.
It's my understanding that our last day is Oct 16th (benefits through Oct 31st) so I would think that yes we should get our profit sharing and stock, we won't know for sure until "the packages" actually arrive outlining. Until then.. it's anyones guess.
I believe that what you get paid on 10/15 is through 9/30. So no, we won't qualify.