Is it true that for people that are laid off this month - Dell isnt honoring / or speeding up the March vesting of the stocks and essentially you loose them?
10 replies (most recent on top)
This is correct - policy changed for non-exec severance packages last June. It's available to find for even non-managers on the intranet -> HR -> Leaving Dell. No LTI vesting within 90 days of severance.
No
"We are not a sw company but box mover stop spreading fake news that Dell knows anything about sw"
My apologies, good sir.
We are not a sw company but box mover stop spreading fake news that Dell knows anything about sw
All my Director does is talk about her stocks. You would think she works on Wall Street instead of a software company.
so much confusion here. Dell "used to honor"; yes. but you did not get the stock; you got paid a $ amount based upon some average price from 1 or 2 quarters prior.
I can't speak for what they are doing this year.
Dell used to honor the current year's LTI award if you were WFR'd within 90 days of vesting. Not surprisingly, that provision was eliminated last year.
That's been their policy for ever. Some poeple eere given LTI's last year and the laid off the next month.....
If you vest in March and are laid off in February then you lose them. Years back, I lost stock options that had a 10 year vesting period and was laid off after 9 years and 10.5 months.
Yes