Uber equity refresh
I was told by Uber recruiter that equity refresh is given in March every year and I would be eligible to get 100% of equity refresh in March 2019. Now I learnt on blind (no mention of it in the offer letter) that I need to join the company by 1st dec to be eligible for equity refresher. However, Due some delays (not from my side), I may not be able to join before 1st dec. Is there a way I can negotiate to still get equity refresher. Or should I even bring it up with Recruiter since she told me when the offer was given in oct that I would get it. It’s a significant amount, don’t want to let it go with no fault of mine. Would appreciate expert advice on this issue. TC: 250k
Sounds like a miss communication. Equity will refresh on march next year, otherwise, it doesn't work as incentive to keep you there...
You should really clarify that with the recruiter. 100% is not realistic.
There is a cutoff date, that depends on your start date. It sounds like you missed the cutoff and...now you won’t receive an equity refresh...on less than four months of work. In addition to the new hire grant you’ll already receive. Better luck elsewhere.
everyone has the same equity refresh "target" at each level. more or less depending on your perf in the past year. you want to clarify it with your recruiter. i'm surprised you think you'd get full equity refresh. i blame your recruiter.
Dude dont accept uber offer. Uber sucks and you will get better deal in a place like dropbox or iqiyi
You will definitely not get 100% of target, you will be prorated for your first year.
Lowering our standards again.
Note the wording: you are 'eligible' to get 100%. If you don't join before Dec 3 (which is the deadline), you won't get anything. If you join by that date, you may get upto 100%, but, most likely much lower than that. They don't prorate - so it depends how much impact you can have by the time reviews come around.
Equity refresh is not prorated. Check internal website
That's so fucked up. Even though it's paid in March the decision is made much earlier than that. So if someone joins right before December but gets it, it would be very unfair for people who joined earlier in the year.
It's pretty unlikely a new hire will have significant impact enough to have a high refresh, no?
Are you expecting a 100% equity refresh after 3 months of work?
Yes. I was told equity refresh is not pro rated. Is that incorrect?
no, sounds perfectly reasonable. must be correct. we are hiring more kids apparently.