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You're being offered smoke and promises. I would not let the current offer affect my behavior in any way. They are asking you to assume the risk for the compa
by criticas 4y ago
You're being offered smoke and promises. I would not let the current offer affect my behavior in any way. They are asking you to assume the risk for the company's benefit. It does NOT even boil down to how much you trust the current CEO or how much they need you to make the sale. What happens if the CEO resigns when a sale goes through? Worst case, they sell the company and lay you off. Oops, no retention bonus, thanks for working through the sale.
This is not legal advice, but if it were me I'd want more guarantees. If you want a retention or exit bonus, ask for an immediate pay increase, or deferred pay, or that it be unconditional.
Would you be ok if they reneged? If you believe in the company and want to continue working there, treat the bonus as fairy gold and keep working. If you expect to leave anyway, ditto.
- RoyHargrove 4y agoThanks Criticas, you have gotten my cogs and gears moving. The CEO will definitely exit with the company - but surely the exit bonus will come through for all employees at the same time (or just after) the proceeds of the sale are split amongst all other investors/shareholders? Also how is the question of being retained by the new company related to the exit bonus? Surely that would be down to the current administration, as the new company would have nothing to do with it.