Amazon: what happens to RSUs/Bonus when fired?
Amazon’s RSUs best after 1 years, 2 years and 6 mos after that. Standard is usually 1 year cliff and monthly vest after. So I’m wondering: what happens to people who are fired after 1.5 yrs? Or do they not care since so little has been vested anyway on Amazon’s vesting schedule?
I'm confused about what options you're onfused between. Unless explicitly mentioned in your contract, they cannot ask for already vested stock back. Future vests will not occur of course.
What the company doesn’t make clear is that there is a 1 year cliff period. Several people I know who work there have said that they had this experience. I know some companies in the SF Bay Area that have given prorated stock if an employee had been at the company for over a year The vesting schedule shows that this is a cheap company.
Agreed, you only can take with you what is vested. Nothing more or less.
Future vesting will get canceled. If you are fired or laid off, there may be a severance package (unless you did something really bad to get fired).
That person would have 5% of their RSUs vested, with some of them sold to pay taxes. Edited to RSUs
Options? Amzn gives employees options?
It all depends on what role you are in... what’s your job title?
Thx for chiming in. I just got my offer letter and Amazon RSUs were explained to me verbally but not in writing, hence the questions. I’ll re-ask this as a new question
The most confusing part for me was that — yes really — annual new batch of RSU is real.
If you were fired after 1.5 years you would only keep what vested at the 1 year mark. The rest would be forfeited.
You don't get what is not vested. That is true for any company.