3 ms·
RSUs and other vesting should be (as in, it would be nice if they did) prorated in the event of a layoff (assuming layoff here means no-fault separation).
by matt3210 2y ago
RSUs and other vesting should be (as in, it would be nice if they did) prorated in the event of a layoff (assuming layoff here means no-fault separation).
- bigfatkitten 2y agoSometimes it is if the company feels generous, though even in countries with strong employment law these benefits have no statutory protection. One of my previous employers had a rule where they would vest all of my RSU if I were to die while employed there.
- clipsy 2y ago> One of my previous employers had a rule where they would vest all of my RSU if I were to die while employed there. Idle curiosity: Was that in lieu of or in addition to life insurance? (Most of my employers have had free life insurance with a payout of a multiple of base salary.)
- bigfatkitten 2y agoThat's in addition. Just a goodwill thing that they did.
- ThrowawayTestr 2y agoAnyone fake their death?
- sam2426679 2y agoI suspect most FAANGS have some kind of RSU vesting acceleration due to death. Amazon accelerates two years of RSUs upon death.
- brailsafe 2y agoThat would be the only situation in which I'd even consider them part of compensation. If I can't use it to pay my rent now, it might as well not exist, given the likelihood I'd never be able to realize them anyway.
- deleted 2y ago[deleted]