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Is it getting that bad elswhere?
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<blockquote data-quote="dannyboy" data-source="post: 107336" data-attributes="member: 484"><p>The way I understand the post on your stock, in the first year, you only get 20% of what is due you, in the second, you get the second 20% for the first year, plus 20% for the second year.</p><p> </p><p>Example.</p><p> </p><p>Say you get $1000 stock the first 5 years as a sup.</p><p> </p><p>Year 1 You get $200 of the 1000</p><p>Year 2 you get 400, 200 from the first year, and 200 from year 2</p><p>Year 3, you get 600. 200 from each of years 1, 2,and 3</p><p>Year 4 you get 800. 200 from years 1,2,3,and 4</p><p>Year 5 you get 1000, 200 each from 1, 2, 3, 4, and 5.</p><p> </p><p>So basically if you still get the 1000 and not any more, then year 5 and beyond you get your full bonus.</p><p> </p><p>Problem is that if after 5 years you are still locked into the same bonus, you are not really producing for the company, or something else is wrong. Of course I have seen management that has been "demoted" and had stock "fines" as well.</p><p> </p><p>I view this as just another way UPS is trying to keep people on and making it expensive for you to quit. IT would seem that if you do quit early, you are tossing 3-4 years worth of bonus that they owe you.</p><p> </p><p>That is assuming that the way I understand it is the correct way it is figured.</p><p> </p><p>d</p></blockquote><p></p>
[QUOTE="dannyboy, post: 107336, member: 484"] The way I understand the post on your stock, in the first year, you only get 20% of what is due you, in the second, you get the second 20% for the first year, plus 20% for the second year. Example. Say you get $1000 stock the first 5 years as a sup. Year 1 You get $200 of the 1000 Year 2 you get 400, 200 from the first year, and 200 from year 2 Year 3, you get 600. 200 from each of years 1, 2,and 3 Year 4 you get 800. 200 from years 1,2,3,and 4 Year 5 you get 1000, 200 each from 1, 2, 3, 4, and 5. So basically if you still get the 1000 and not any more, then year 5 and beyond you get your full bonus. Problem is that if after 5 years you are still locked into the same bonus, you are not really producing for the company, or something else is wrong. Of course I have seen management that has been "demoted" and had stock "fines" as well. I view this as just another way UPS is trying to keep people on and making it expensive for you to quit. IT would seem that if you do quit early, you are tossing 3-4 years worth of bonus that they owe you. That is assuming that the way I understand it is the correct way it is figured. d [/QUOTE]
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Is it getting that bad elswhere?
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