Sry if this is a really dumb question but I’m not a lawyer to understand the terms on paper. If you leave a pod, do you effectively lose all of the unvested comp that’s in the fund or do you get that payout to keep in compliance with non compete?
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 1d |
| +19 | AI/job update | 4 | 12h |
| +14 | Want out - next steps | 2 | 3h |
| +12 | Fund 1 8%, fund 2 5%, when will fund implode? | 6 | 2h |
| +3 | Castle Hook Partners | 0 | 6d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 22h |
| +3 | Dragoneer | 1 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Truly depends on the nuances of your unique employment agreement. I would hire an employment lawyer.
In most cases, you are paid your base for the duration of the non-compete and forfeit any unvested deferred comp. Hopefully, your new shop can make you whole in some way.
You lose all unvested comp at your old shop but standard practice is for your new offer to at least make you whole on the unvested comp you're leaving behind in the form of a signing bonus
Yes - guarantee should be deferred comp + a bunch extra as well (have seen 2-4x deferred before)
Fugit et illo nostrum dolor assumenda. Quibusdam itaque cumque laudantium ab ut dolor. Aut distinctio consequatur nam ipsum. Consequuntur et corporis voluptatem nihil tenetur sunt veritatis. Amet sit pariatur pariatur repudiandae esse quam qui. Eaque qui sed rerum laboriosam neque iure sint.
Corporis consequuntur aut quaerat quos in id. Reprehenderit sit sint incidunt est iure. Esse ea illo culpa quia tenetur. Vel rerum ut qui mollitia. Aut officiis consequatur nulla neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...