Changing jobs - deferred stock component of bonus
Fellow monkeys, I am leaving banking after bonus payout. Part of the bonus is in deferred stock that doesn't vest immediately. So once I resign, I will lose that amount. Is it reasonable to ask my new employer to compensate me for that? The amount is not insignificant. I am leaving the U.S. and the offer letter did mention that they will pay me for "relocation expenses". We did not specifically discuss the deferred stock issue when I signed the contract.
Any thoughts?
Yes it is reasonable to ask for it, but if you already signed a contract then don't be surprised if they don't go along with your proposal.
Anyone with similar experience of changing firms and moving out of the USA? please advise.
It's just not the deferred stock component of my bonus - if I withdraw from my 401K because I am leaving the USA permanently, there's something like a 20% penalty as well. Crap.
It is reasonable, however, most likely your new employee won't give you a shit since you are just an analyst or maybe an associate. Especially when the amount of money is small, bargaining with them does not display a good character of you. In this market, they can easily find some replacement if you bargain too much with them. Let's put in this way, if your new employer tells you they will not pay for that portion, will you turn them down? If the answer is no and since the amount is small, I'd just skip it.
Reading comprehension -- "the amount is NOT insignificant." While I agree that he should not turn down the offer if the new company refuses to compensate him, I definitely think he should ask that some or a portion get reimbursed -- as a signing or relocation bonus, whatever they want to call it.
Wouldn't bother with the 401k, those are just the rules for leaving the U.S. Sucks, but such is life.
Compensation question (deferred) (Originally Posted: 07/20/2014)
Let's say you have 100k tied up in deferred, and you are looking at jobs that would probably pay 200-300 all in, Is it generally acceptable to ask new firm to compensate you in some way for the 100k you give up by leaving? If so, would new company typically pay you in cash, or would they add to your deferred balance (if they do deferred)?
I have asked in the past to be comped on stock option, and was declined. Sample size of one so take it with a grain of salt. I want to know what others have to say about this topic too.
any other thoughts?
no one knoews?
Seems like this would vary widely by situation. Are they actively recruiting you or did you reach out to them? At least in banking i've seen firms offer to buy out analysts bonuses at top bucket rate to entice them to switch.
bumping this up to see if i can get more comments. help a brother out please.
If you dont ask, you will never receive.
All depends on how much they like you and how much money they have to throw at you. Never hurts to negotiate.
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