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MIP 2022
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<blockquote data-quote="DiadesSuk" data-source="post: 5190191" data-attributes="member: 91232"><p>im 100% leaving.. I was just saying, they wouldn't let me take a buyout when it was offered. I survived a team of 30 employees. I was personally told if i requested the VSAP they would reject it. They cant stop me from turning in my 2 week notice after my stocks fully vest and i get my 2021 MIP payment lol.. Ill be leaving some serious money on the table when i do but who cares.. MIP format was only designed for employee retention. Keeping my bonus for 5 years and slowly handing it to me year after year was and is still one of the dirtiest management tactics Ive ever witnessed in my 25 year IT career and that's working with some large companies. </p><p></p><p>See, corp employees have their money held hostage. It used to take being an UPS'er 5 years to start getting 100% MIP pay out. Its a corp vesting period. Every year you got another 20% of a MIP payout meaning your RPU's converted to stocks that you could sell or keep. It was an unspoken and VERY enforced rule on not selling them. A report was sent out quarterly to certain individuals that would tell directors+ that employees sold their shares and you would be called into an office. The people that heavily enforced that are no longer with UPS do to forced retirement etc but some still linger and they still question it.</p></blockquote><p></p>
[QUOTE="DiadesSuk, post: 5190191, member: 91232"] im 100% leaving.. I was just saying, they wouldn't let me take a buyout when it was offered. I survived a team of 30 employees. I was personally told if i requested the VSAP they would reject it. They cant stop me from turning in my 2 week notice after my stocks fully vest and i get my 2021 MIP payment lol.. Ill be leaving some serious money on the table when i do but who cares.. MIP format was only designed for employee retention. Keeping my bonus for 5 years and slowly handing it to me year after year was and is still one of the dirtiest management tactics Ive ever witnessed in my 25 year IT career and that's working with some large companies. See, corp employees have their money held hostage. It used to take being an UPS'er 5 years to start getting 100% MIP pay out. Its a corp vesting period. Every year you got another 20% of a MIP payout meaning your RPU's converted to stocks that you could sell or keep. It was an unspoken and VERY enforced rule on not selling them. A report was sent out quarterly to certain individuals that would tell directors+ that employees sold their shares and you would be called into an office. The people that heavily enforced that are no longer with UPS do to forced retirement etc but some still linger and they still question it. [/QUOTE]
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