Seen totally contradictory information on what happens unvested RSU's in the (likely) event that you get chopped by BC. Not talking about the recent March RSUs for Ops teams. Just standard unvested RSU's.
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Seen totally contradictory information
Where?
VMware's RSU agreement (EIP amended Nov 2021, section 7.l) indicates:
In the event of a... (ii) sale or transfer of all or substantially all of the Company’s assets... the Company must, contingent upon consummation of such transaction, either (a) arrange for any corporation succeeding to the business and assets of the Company to (x) assume each outstanding Award, or (y) issue to the Grantees replacement Awards... for such corporation’s stock that will preserve the value, liquidity and material terms and conditions of the outstanding Awards; or (b) make the outstanding Awards fully exercisable or cause all of the applicable restrictions to which outstanding Stock Awards are subject to lapse, in each case, on a basis that gives the holder of the Award a reasonable opportunity, as determined by the Committee, following the exercise of the Award or the issuance of shares of Common Stock, as the case may be, to participate as a stockholder in any such dissolution, liquidation, asset sale or transfer, merger or consolidation, and the Award will terminate immediately following consummation of any such transaction.
What this means is that, if the unvested RSUs are in place at the time the deal closes, Broadcom is bound by VMware's agreement to its employees to either replace the RSUs, vest the RSUs, or remove all restrictions on the RSUs. However, the really means nothing. The rest of the EIP provides multiple provisions (such as clawbacks) that can be executed for nearly any reason prior to the deal.
the info on this is pretty clear, unvested RSUs are forfeited if not retained by Broadcom.
The only exception are the new RSUs for the Ops team which specifically have a clause that you will be paid a cash equivalent if terminated by Broadcom.