4 ms·

How are these contracts usually written with regards to the event of firing? Disclaimer: I fully realize that's not statistically likely at all, but I want any

• loceng 13y ago
  I think it's really more just a way to give a bit of incentive to sticking around longer. With the money he now has personally he could do anything he wants - so we can assume that he at least in part wants to keep seeing Tumblr move forward.
• ChuckMcM 13y ago
  In my experience even if the retainee is fired they get the whole thing, the retaining company seems to often end up with a clause that says is parting ways is the retainee's idea they forfeit their retention package.
  • ojbyrne 13y ago
    Usually it says "fired without cause" they get the whole thing, but if fired with cause then they don't.
    • ChuckMcM 13y ago
      My particular package it didn't matter why they fired me but anecdotes aren't data. There was a carve out that if I was convicted of a felony they could evaluate whether or not to pay me. I asked about the firing or not clause to our CEO at the time, and he said, "Oh, they won't fire you, if they want to get out of the obligation they will make you quit." Which I supposed was probably true.