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Brown Cafe UPS Forum
UPS Discussions
2007 LTIP Grade-20 and up bonus
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<blockquote data-quote="stgeorge" data-source="post: 175647" data-attributes="member: 4840"><p>I think you are incorrect in your assumption... 2006 award is spread over 3 years (30% in year 1, 30% in year 2 and 30% in year 3 + 10% if certain criteria is met). 2007 award is spread over 3 years... on top of the 2006 award. 2008 award is spread over 3 years again on top of 2006 and 2007 award... so by the third year they are getting 3 awards of 50-250% of their salary (the 50-250% may be different each year).</p><p></p><p>Grade-20 making say 250k a year. They are eligible for 200% bonus 3 years in a row and never get a raise (hah):</p><p></p><p>2007: Receive 30% of 200% of 250k (2006 year 1) = 250k+150k = 400k</p><p>2008: Receive 30% of 200% of 250k (2006 year 2) PLUS Another 30% of 200% of 250k (2007 year 1) = 250k+400k = 550k</p><p>2009: 30% of 200% of 250k, 30% of 200% of 250k, 30% of 200% of 250k + 10% bonus = 250k+500k+50K = 750k (or 3 times their salary)</p><p></p><p>Not bad...</p></blockquote><p></p>
[QUOTE="stgeorge, post: 175647, member: 4840"] I think you are incorrect in your assumption... 2006 award is spread over 3 years (30% in year 1, 30% in year 2 and 30% in year 3 + 10% if certain criteria is met). 2007 award is spread over 3 years... on top of the 2006 award. 2008 award is spread over 3 years again on top of 2006 and 2007 award... so by the third year they are getting 3 awards of 50-250% of their salary (the 50-250% may be different each year). Grade-20 making say 250k a year. They are eligible for 200% bonus 3 years in a row and never get a raise (hah): 2007: Receive 30% of 200% of 250k (2006 year 1) = 250k+150k = 400k 2008: Receive 30% of 200% of 250k (2006 year 2) PLUS Another 30% of 200% of 250k (2007 year 1) = 250k+400k = 550k 2009: 30% of 200% of 250k, 30% of 200% of 250k, 30% of 200% of 250k + 10% bonus = 250k+500k+50K = 750k (or 3 times their salary) Not bad... [/QUOTE]
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2007 LTIP Grade-20 and up bonus
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