If you don’t get one - does that mean your bonus will be sc--wed over?
8 replies (most recent on top)
@b2 You shouldn't want a bonus over $50K because it's a paycut.
OP isn’t referring to RSRs. In November, once you are over a specific cash comp threshold, you are offered the opportunity to defer a percentage of your pre tax pay and bonus for the following year. You elect how you want the funds invested and it accrues interest or gains tax free, like a 401K. Once you elect for the year, it’s irrevocable - you can’t decide to do more or less during the year, only once during annual election.
There are restrictions on when you can withdraw - you pick a target date, and you can only change that once.
It’s a great adjunct to a 401K and there is no limit to how much you can save like the 401K has.
To bring this up on a board where layoffs are discussed is in very poor taste.
I suggest a Reddit thread instead.
If you qualify for RSRs in your bonus, you get the invite to accept them after bonus. But like another poster said, you only get RSRs as part of bonus if your bonus is $50k or higher. At that point, 80% is in cash and 20% is in RSRs.
for bonuses >= $50K they give you a ratio of cash to restricted stock (usually 4 year vest). The ratio starts out at 80/20 changing with more going to stock as your bonus increases.
Maybe ask Thirston IV or one of the others in the ascot lounge.
Mine should be $50k ish...been doing crazy work and no one would do it for less $$$..what's the rules on bonus over $50k?
Are you asking because your bonus should be over $50k?