Is this even possible? If someone is just 2-3 months short of vesting period, should they just give up on the RSUs for a new job? Can they not request atleast for prorated RSUs they earned over time?#rsu
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Andy Rubin got his unvested RSUs upon “resignation”. Although I wouldn’t recommend his play book.
You can ask for anything your heart desires. Not likely to get it.
Not if you are leaving voluntarily. In cases of being laidoff, you could probably negotiate for those RSUs
But if you get a new job that can’t wait for two more months. Right? In this case, you have to ask or loose the RSUs :(
Your point is valid. My way of thinking was you are so close to the RSUs and you get a job offer you can’t deny. So, loosing those hard earned stocks is a bit tough. Of course sign on will compensate a few but not all of it, and who wouldn’t want both if you get an opportunity.
Ask more sign on to the new employer to compensate for that
Exactly. Say you have 10 RSUs vesting in three months. It’s completely reasonable to ask for 7+ RSU value as sign on bonus to make you join now.
When you are laid off, cisco releases all your unvested RSUs. That's a nice chunk if you ask me.
That’s cool. If google offered that, I’d demand to be laid off every perf cycle!
I was laid off in 2017. The day I came to know, I was devastated. But by the time the process was complete, I was thankful to the HR team for handling this with sensitivity and respect. They even lined up internal interviews in other departments, but I didn't pursue those as I had decided to leave. I literally went 'wow' when I was notified of the RSU situation. I think it's the least a company can do. Cisco HR policies are very good for employees, they respect the situation and make a layoff a very smooth and forthcoming process.
You would ask your new employer to cover it as part of the sign on. Vesting is a retention tool. Why would a company want to pay you more than it needs to when you want to leave?
I would laugh at an employee who asked me to accelerate their vesting upon resignation. Come on now, please get serious... It’s one thing to negotiate but this just makes you look unprofessional. If you want those shares so bad negotiate a later start date with the new company and stay.
May be it sounds weird but when you spent 11/12 months in a company, don’t you think you are loosing money that you almost earned? Tried negotiating start date with nee employer but they aren’t flexible. Hence the question.
Off-topic and sorry, but it's 'lose', not 'loose'. Tired of seeing people mis-spelling it over and over.
If the RSUs are of significant value, timing your exit should be a key consideration when switching & should have been factored into availability for the new job. Either wait for the RSUs or get a sign-on bonus to make up for it; ideally you’d get both, but sounds like you may have not optimized for that.
Never seen this done unless you are an exec