Got my offer letter for OCI India today. The offer letter says RSU will have a grant approval process after I join and if it is approved I will get it on grant date following which it will vest 25% every year. What are the chances of the grant being approved? Can it be denied after my joining? And what will be the grant date after joining. Is it a fixed date of the year or is it variable depending on when probation gets over? TC: 28LPA Yoe: 3.5
That's some legalese that goes in all stock grant documents. Good luck and no worries!
I am guessing it is your First time getting a grant? Those are just legal bs. Congratulations, have fun.
How much was your old TC and the % hike you got now?
Can you write your breakup. It will be useful for me in negotiations
What’s the break up ?
Are the RSUs given in oci by fixed value or quantity is fixed in the first year (lile it happens in faang), which gives appreciation advantage
TC or GTFO