What happens to unvested RSU when -
- I quit .. voluntary with notice: RSU Lost
- Involuntary separation - fired: ?
- Involuntary separation - RIF/Layoffs: ?
- Voluntary separation program: ?
10 replies (most recent on top)
@p5+1m2xqjvs9 That isn't quite true. You don't lose your RSU but they still vest according to the schedules in the awards. So you have to wait XX years to get everything.
@p6 Editing to add that the reply after me is correct: You also need to have 10 years of service for the 55+ rule to take effect.
my doc says age 55 plus ten years of service
Typically RSU vesting has nothing to do with how/why you leave the company (quit, fired, laid off, etc.) RSUs vest according to the schedule in your award(s). The exception is if you are over 55. If under 55, you lose all unvested RSUs. If over 55, you don't lose your RSUs but they continue to vest according to the same schedule. (In other words, you don't get all of your remaining RSUs right away, you still have to wait for them all to vest.)
@ht yes. Age 55+ your RSUs are automatically vested (you retain the RSUs at 55+ regardless of voluntary or involuntary separation).
If you are over 55, then?
@he if I quit after 55, I get to keep RSU?
Unless you’re 55+, you lose them.
You lose them. Its a big F You from United to give them as part of bonus pay then take them away.
Depends on your age at time of separation.
Details are in the grant documents you got with the RSU.