I am on H1b visa. I have a sizeable stock vesting coming up in August with Amazon but my new employer wants me to join in early July My h1b transfer has gone thru. Can i start working at my new place and go on leave of absence with Amazon until my stocks vest? Will that be possible since my visa would be transferred on the day i join. My manager is willing to do that but i am not sure if it’s possible Any thoughts or anyone in a similar situation?
There is no such thing as Visa "transfer". It's a new cap exempt application by your new employer. This is an issue with how your employee agreement is setup with Amazon than H1. You can have multiple H1s with different employers.
LOA stops stock vesting clock. So that plan does not work. Also if your H1 is transferred then, should'nt you be already working at new employer.
Not necessarily. You can work with your previous employer even after h1 transfer
H1b forbid you getting paid other than your H1b sponsor.
How do you not know this? Gets asked here weekly. People don’t read the H1B rules, or think they don’t apply to them. As posted above: Even if you were not H1B, the LOA stops the clock This is just bad planning on OP’s part.
It took 8 months for my visa tranfer. I passed 1stock vesting already. Its all coincidence that my approval came in now when my next vesting was about to kick in. Its not bad planning. Its mere coincidence Dont be hasty to pass a judgement on someone when you dont have all the information
It’s the chance you took, and it didn’t work out
Thank you all As LoA will stop my vesting i guess that path is out of the question
Is LoA diff from PTO? Why would that stop vesting?
you dont get paid in LOA You get paid in PTO
You can get into legal issues. Don’t join new company while retaining being an employee for Amazon (doesn’t matter if you on leave)
Usually leaves will stop vesting, and your contract will forbid you from working for a competitor even during the leave. If you can get a leave with vesting and your new company doesn't compete with Amazon (is that even possible?) it might work. Talk to an employment lawyer for sure!