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Brown Cafe UPS Forum
UPS Partners
Management EBO-Rumor
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<blockquote data-quote="pretzel_man" data-source="post: 666069" data-attributes="member: 927"><p>The last buyout worked like this....</p><p> </p><p>All outstanding RSU's from MIP, Stock Options, etc. automatically vested (so therefore there was no loss)</p><p> </p><p>A formula was created to eliminate any penalty in the pension for leaving early. That was oferred in a lump sum INSTEAD of pension.</p><p> </p><p>In essence, for the above two items, the buyout just eliminated any penalties for leaving the company.</p><p> </p><p>Then there was a payment.... It wasnt huge. Maybe 4 months salary....</p><p> </p><p>It did come to your house in a NDA letter. </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 666069, member: 927"] The last buyout worked like this.... All outstanding RSU's from MIP, Stock Options, etc. automatically vested (so therefore there was no loss) A formula was created to eliminate any penalty in the pension for leaving early. That was oferred in a lump sum INSTEAD of pension. In essence, for the above two items, the buyout just eliminated any penalties for leaving the company. Then there was a payment.... It wasnt huge. Maybe 4 months salary.... It did come to your house in a NDA letter. P-Man [/QUOTE]
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