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Brown Cafe UPS Forum
UPS Partners
MIP will be gone in 3 years or less
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<blockquote data-quote="BROWN skid Mark" data-source="post: 4357306" data-attributes="member: 79751"><p>Agreed. In addition the company wants you to sell your stock so they don't ave to pay the additional MIP bonus. The shorter vesting equates to you selling it quicker and not requiring the company to pay the additional MIP. Also, the company recognized that by accelerating the RSU payouts the compensation for those specific years are inflated. This unintended inflated RSU compensation could result in a higher FAC (final avg compensation) pension calculation. So, kick them in the balls with 40% MIP and everything looks normal again.</p></blockquote><p></p>
[QUOTE="BROWN skid Mark, post: 4357306, member: 79751"] Agreed. In addition the company wants you to sell your stock so they don't ave to pay the additional MIP bonus. The shorter vesting equates to you selling it quicker and not requiring the company to pay the additional MIP. Also, the company recognized that by accelerating the RSU payouts the compensation for those specific years are inflated. This unintended inflated RSU compensation could result in a higher FAC (final avg compensation) pension calculation. So, kick them in the balls with 40% MIP and everything looks normal again. [/QUOTE]
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MIP will be gone in 3 years or less
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