Thread regarding ConocoPhillips layoffs

If you get laid off do you receive your non-vested stocks?

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| 1473 views | | 4 replies (last February 23, 2017) | Reply
Post ID: @OP+LSP4r6V

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Short answer, it depends. RSU's granted within 6 months of your date of layoff are lost. Between 6 months and 1 year were pro-rated. Older than 1 year are vested and deposited shortly after your last day of work (as usual units are "sold" to cover anticipated federal/state taxes)

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Post ID: @7flo+LSP4r6V

The RSU policy says for a layoff, the vesting period changes from 3 years to 1 year.

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Post ID: @5kbb+LSP4r6V

Yes. It says so in the terms and conditions, and HR redundancy policy.

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Post ID: @sgd+LSP4r6V

No. You have to be employed on the RSU lapse date.

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Post ID: @voj+LSP4r6V

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