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PM is irrelevant role and will die in next 2-3 years.
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The first year is one lump sum but the second year is prorated. For the first year, I have known people that have experienced clawback but for second year what you make is yours.
This isn't true for all employees. This is how they usually structure new grad hires but I've talked to others that both bonuses were prorated. You only have to pay back if you have the lump sum option
Good to know that it differs for different hires. I wasn’t aware
My 1st and 2nd year are prorated
It’s indistinguishable from base except when it comes to getting a mortgage. It’s itemized as a bonus and lenders won’t treat it as income unless it’s been two plus years of receiving it.
Prorated. I think the limit of lumpsum vs prorated is 25k . Above is prorated. If you quit you'll actually still get 1 more installment in last paycheck
Mine is 20k and prorated
From what ive read on blind, you dont have to pay the amount you’ve already gotten back
Noice, thx
Yeah. It’s basically stock replacement for their vesting schedule. You just get no upside