If you scored expanded stock options instead of a comparable raise in the past couple of years, just a heads-up: the severance FAQ says that if you get laid off or there's a divestiture within three years of getting the grant, you'll lose the whole thing.
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They engineered a perfect carrot. They hold all the cards. They made you stay on and missed an external opportunity with the LTIP promise, then they save $$$ by letting you go before vestment.
All unvested stock options have always gone away whenever you leave the Company, nothing new.
Past layoffs LTIP grants were rolled up and paid as part of severance if you departed due to "lack of work" (i.e., were laid off).
@A3. You don’t get the LTIP if you leave voluntarily. The whole point of the LONG TERM INCENTIVE PLAN is to make you stay LONG TERM to receive the INCENTIVE. You have to stay LONG TERM because it is a LONG TERM INCENTIVE PLAN.
It's all about the math...severance vs. LTIP if you survive.
The golden handcuffs. Better stay on if you want the stock.
Cr-ppy. Read the fine print. Many more gotchas in there i bet
Well @a2, I’d get it if I voluntarily left the company. And if it wasn’t originally advertised as a grant because you couldn’t be given an earned raise then some might be more understanding.
So what you’re saying is that the incentive to stay on the payroll won’t be paid if you’re not on the payroll? Who would have thought…
That is a stick in the butt....