Anyone who’s worked at company acquired by Broadcom who can share what a transitional contract might look like?
Curious what a transitional contract offer might look like. Specifically % of salary or RSUs to be offered to stay on board and help with the transition. Anyone with similar past experience? #broadcom #symantec #catechnologies #brocade
Symantec here. It’s been a few years so its hazy, but the TSA offer was requesting you make yourself available for up to 6 months to complete knowledge transfer etc at I think pay and a half of your normal salary? If you completed your assignment in full (read: left on the date they decided and not before) there was another bonus tier but I can’t remember. It wasn’t going to change your life. It was an OK gig if you needed something while you looked for a job, but no one was turning down a new job to complete their TSA contract for the extra bonus. A few things to keep in mind: they ask you to be available for UP TO 6 months, but it will be 3 tops. The last TSAs were out by mid February with us and it was rolling end dates each week before that. They don’t want to keep them on a day longer than they have to because it’s so expensive. The other thing to keep in mind is people actually DO get hired off of TSAs and asked to stay (saw it happen). Edited: RSUs only offered to employees.
Thanks a lot, exactly the answer I was hoping for.
During Broadcom acquisition, they were offering 1.5x base pay to stay for 6 months and complete knowledge transfer.
Was it a set 6 months or as the other commenter said they asked you to be available for 6 months but it could end sooner?
Not sure about the minutiae of the knowledge transfer deal.
In CA they had transition contracts upto 12 months. I don't think more than 12 months is a possibility. You get 50% more pay, no bonus, no new RSU but old ones continue to vest. If you find a job within Broadcom and you are offered and want to take it, you can and transition ends there and new employment contract with Broadcom starts from then.
You need some Symantec folks. But I heard it was good.