RSU / Carry unvested question
For public companies or private companies with vehicle specific carry structures, what happens to the unvested RSU’s or unvested Carry upon layoff (not termination for cause). From a few calls made around town to Funds, automatic vesting seemed to apply. But hearing in public stock world the unvested are completely lost. What’s “market”
Is there a general finance answer to this vs. what you’d see across RE firms equity/debt?
curious to know as well I feel like Ozy or Cre would know
it's all negotiable bro. in my instance I took a hard stance on vested dollars because there was initially fucky language in the docs, but I said once it vests, barring murder or something insane you're not clawing that shit from my dead body. and they accepted. if its unvested it's not yours plain and simple.
You own your vested stock, unvested can be negotiable, but more likely the company keeps it and just negotiates a severance package/schedule.
I haven't been through it but I'm curious of the severance would equal the unvested but i doubt it. More likely 6 months of salary if you've been there for years, up to 12 if you are an exec. This would be for a respectable company. I've heard of severance being two weeks plus an additional week for years worked at scrub companies.
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