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MIP RSU Fast tracking
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<blockquote data-quote="T&#039;Challa" data-source="post: 4753094" data-attributes="member: 87735"><p>Let me simply this:</p><p>The shares that "vested" means they are your now yours if you leave the company for any reason immediately. Retire, quit, etc. In the past if you left for any reason before the shares "vested" you forfeited those shares.</p><p></p><p>"Lapse" is the when they are released to your Compushare account. In this case the shares from 2016-2018 have now 'vested", but have not "lapsed". </p><p></p><p>So basically everything is still the same and will move to your Compushare on the same schedule as in the past. The only difference is if you decide to leave the company before the "lapse" you are not leaving shares on the table.</p><p></p><p>So the people who took the buyout or were not placed during the "transformation" don't lose those shares, or even they just out right quit, thye still hve the 2016-2018 shares.</p></blockquote><p></p>
[QUOTE="T'Challa, post: 4753094, member: 87735"] Let me simply this: The shares that "vested" means they are your now yours if you leave the company for any reason immediately. Retire, quit, etc. In the past if you left for any reason before the shares "vested" you forfeited those shares. "Lapse" is the when they are released to your Compushare account. In this case the shares from 2016-2018 have now 'vested", but have not "lapsed". So basically everything is still the same and will move to your Compushare on the same schedule as in the past. The only difference is if you decide to leave the company before the "lapse" you are not leaving shares on the table. So the people who took the buyout or were not placed during the "transformation" don't lose those shares, or even they just out right quit, thye still hve the 2016-2018 shares. [/QUOTE]
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