I read a lot about transition and taking the bonus. What does that mean in detail?
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Bonus is nice and I also managed to squeze a little rise of salary from HR. Transition is good word for me ;)
Transition is offered for various durations starting from 3 months to 12 months. Mostly people got 6 or 9 months transition offers. In case they are planning to divest yoir product they will find buyer in meantime. You are required to run business as usual in this duration. In few cases transition offered to plan for site consolidation. So they'll identify new teams at new locations and you need to give KT before finishing your transition period.
Benefits: Transition bonus (50% of base pay for that duration) will be paid at the end. You will also receive your severance, unvested stocks and any other statutory benefits as is.
Drawback: Your transition period can be cut short anytime without any notice. However yoi will be eligible to receive transition bonus for full period as communicated in your initial communication.
Transition is run the business in the meantime Broadcom find a buyer for the solutions you are working in
Broadcom transition employees are getting pretty sweet incentives.
Period of time paid for looking for a new job including 100% bonus during that time.
transition
/tranˈzɪʃ(ə)n,trɑːnˈzɪʃ(ə)n,tranˈsɪʃ(ə)n,tranˈsɪʃ(ə)n/Submit
noun
1.
the process or a period of changing from one state or condition to another.
"students in transition from one programme to another"
Or you could look at transition as being paid while you look for another job that is a better fit than if you had to get one now.
It means you’re fired but they need 6 or so more months of work from you to train your successor.