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Hello folks, please help me understand my offer letter. My new offer says the joining stock value will be calculated as average of 10 consecutive closing prices up to and including the grant date. Is the grant date going to be the same as my joining date? Lets say I join on Jan 12th. Will it be average of Jan 1-5 and 8-12 closing dates? TC : 375K #semiconductor #faang #synopsys #cadencedesignsystems #amd #intel #apple #meta #startup
Grade offered?
Your grant date will either be your joining date, or a predetermined date in the following month. This should be in your offer letter.
The grant date is usually a monthly date immediately following your hire date depending on when the company issues new hire grants. At Amazon, for example, it's the 15th of each month.
Grant date is the cycle date on which new grants are typically offered (quarterly in Intel). It was not definitely joining date in my case
Yes grant date is joining date. And you’ve calculated the average correctly