Let’s use this thread to share what we know about how layoffs work, if we know.
My question is this: When a layoff occurs, do we receive our restricted stocks on the vesting schedule they were planned for? I was reading the policy recently and the way it was worded I was not certain whether this is the case. Does anyone have recent experience with this scenario or knowledge of it?
No recollection since I didn’t have restricted stock awards. But it’s covered in the termination info package or you can call the HR call center. Or better yet, send your question in writing.
Gomer that donut has fouled your mind. It’s better to wear out than rust out. Get back and gogogo to work.
Well Go-o-o-o-llee! @@OP+1t0AhNWm Everything about P66 is toxic: the crude oil it buys, the products it makes, and the stuffed shirts collecting millions and paying consultants to do their jobs. Surprise, surprise, surprise! Some P sixty-suxers have been contaminated with poor morale. More work, less pay isn't what they teach in business school. P Sixty Sux has fumbled multiple re-orgs and landed on the strategy of work HARDER not smarter.
A lot of this could be avoided if the generous executive compensation plans came with clawback provisions and delayed compensation for not achieving and sustaining their grand ambitions.
Funny how people dislike the question and response when others are just trying to understand. You toxic l-wlifes who can dislike that are the reason why these business transformation happens/needs to happen. You are an inflating cost center that provide little to no value
When my wife received hers, they paid them out fully vested. You also get your severance paid out in a lump sum, so you taxes for that year get hosed.