I have seen folks say both ways. For us off boarded 12/19, was the 2025 STI included on the lump sum, or do we get it at the end of Feb 2026 when the percentage is available like normal? Did they just assume full pay out for us?
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It’s just like when employed there, expect nothing and be pleasantly surprised if anything comes in. I walked away expecting nothing just like the 20 million fund that they’ve still yet to provide any details on since the announcement.
In case it isn't already apparent for those watching from the cheap seats, different parts of the organization are eligible for different types of bonuses. But, it seems like each group, in their own silo, didn't know about the other groups eligible for different things. So now everyone's debating here because 1) the Severance package was apparently written up for everyone the same but 2) it left ambiguity for some who receive certain types of bonuses and 3) some people on this forum appear to enjoy showing off how smart they are by belittling people who are confused and the smarties can't resist the opportunity to make themselves feel superior, though they only muddy the conversation. So, in short, the STI stuff was open to misinterpretation. Lots of us were confused. Some of us consulted with HR on the subject and got answers. It looks to me like most people on this board are a little bit correct and a little bit wrong. Some people will get a bonus come February. Sorry to those that aren't eligible if that is a rude surprise. It's part of Severance if you were eligible as part of your role.
Verizon needs to go out of business, period. Done with this cr-p company
@am What for 5 days?
Would guess 85-90% paid out? 100% will not happen
STI amount has to be decided by leadership before it is paid out. You have a target amount but exactly what percentage of that amount you’ll get is variable so you need to wait until that decision is publicized. Should be next month.
OP here...I see im not the only.one unsure! And by STI, I mean short term incintive..or "bonus". Typically 10% for this knuckle dragger.
@ag thanks I went to the LeBron James school and kant reed
Read the letter and FAQ. STI will be paid out depending on what the board decides in end of February
Guys literally just ready page 13 of the FAQs of the severance documents it says “any outstanding RSUs granted in 2023, 2024, an 2025 will full and the net proceeds will be deposited into your Fidelity Brokerage account within 60-90 days after your last day.”
@aa you are correct for salaried non-commissioned employees
@ac RSUs are considered LTI. not STI for non-commissioned salary employees
Let me help explain why everyone is so confused. There are TWO definitions for “STI” and BOTH were on our severance calc sheet. The first one you see on severance calc sheet is “short term incentive allowance”. So for me, since I am a commission eligible employee I had a base pay plus my “at risk” commission target each month. My annual compensation is comprised of BOTH my base pay and 100% of my at risk/short term incentive allowance. So for TOMORROWS payout I get paid 2 weeks of my ANNUAL compensation for each year I was employed. (Salary PLUS STI). If you were not a commission based employee I’m sure you had some sort of incentive plan if you performed at certain targets etc. maybe your STI was paid out quarterly or monthly etc.
NOW, the second definition for STI is for our “Stock Together Incentive” or our stock together award. This is a SEPARATE payment for our RSUs and was also included in our severance. This will be available through our fidelity account and available for transfer into our bank account like we normally have in the past at the end of feb.
So for everyone confused we are getting TWO DIFFERENT “STI” payments/payouts in our severance. Everyone keeps getting confused because they keep interchanging the definitions.
Look on your Severance Calculation sheet. Your Base Pay + your STI equals your Total Annual Comoensation. Divide that by 52 and that's the Weekly Pay used for your severance. STI is included. If you're looking for another STI payment in February, then you'll be looking for a long time.
The STI on the package calculation sheet was used to calculate your weekly pay. Since you were employed on 12-1 you would be eligible for 2025 STI pay out on 2-27-2026. At least that the way I understood it.
It will be paid out when current employees get it. It’s not part of the lump sum.
2025 STI is included in the severance payment that is paid-out tomorrow.
supposedly they will payout the 2025 STI. suspicious that it said $0 in the documents they provided though