Is it just based on the number of years at Nike or the band VALUES play a role in the payout?
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@uwz how do you go about negotiating that?
VALUES has been gone for less than a year, that is hardly “a while.” Plenty of people still think in terms of VALUES.
Per @zva+1qik0hi3 post, if you have Options, you want to negotiate to NOT have to liquidate those in the 90 day window as you would if you just up and quit. Options over the past few years are worthless right now. You will need more time for the stock price to recover.
If you’re a newbie then why are you asking about VALUES? That’s been gone for a while now.
Options have been underwater for the past few years. Stock is again trading down, followed by sideways. Hang onto the options if allowed, (based in part by years of service and age. This is assuming you believe the stick will go up and they give you an extended runway vs being forced to sell within 90 days of termination).
Well, the VALUES bands are gone but if you mean whatever new numerical grade you exist in according to Nike, then yes, like all things, the higher up you are the better things go. The severance calculation is based on number of years AND what level you were. In the past they've done accelerated vesting of options or RSUs if you had any that were going to mature in the same year but I have no idea if they're doing that for this round. That seems more likely when the layoffs are closer to the fall but this one being early in the year makes me question if accelerated vesting is going to be off the table.