Thread regarding Chevron Corp. layoffs

When are bonuses earned? Leaving and want it.

Leaving the company. Will I get the bonus guaranteed when it’s announced? Or do I have to wait for March 7th before giving my notice?

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| 2471 views | | 8 replies (last January 4, 2025) | Reply
Post ID: @OP+1wfRpb8X

8 replies (most recent on top)

Wait until end of February. In fact I would wait until March 8th to be on the extra safe side. FYI - if you wait for the EOI then you will likely get a prorated CIP for 2025.

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Post ID: @y6+1wfRpb8X

How is 2025 bonus that would be paid in March 2026 handled with EOI or involuntary layoff?

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Post ID: @pc+1wfRpb8X

It depends on how many points you have: If you have enough to retire, you just need to be on payroll until Jan 1, but if you have fewer points, you need to be on payroll when the bonus is paid.

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Post ID: @p3+1wfRpb8X

How will 2025 CIP work if you EOI or are laid off? Is it prorated for? Do you get it at severance or in March 2026?

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Post ID: @nw+1wfRpb8X

Don't take any chances - wait until the check clears the bank.

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Post ID: @ka+1wfRpb8X

As long as you’re here on 12/31 then you’re good.

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Post ID: @tlp+1wfRpb8X

You have to be on the books thru February.

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Post ID: @lbc+1wfRpb8X

You can get through the 9 to 10 weeks and get it and go!

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Post ID: @gog+1wfRpb8X

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