No disagreement for me I’m in the same boat as you, but we had a similar issue with the MRA as a extra contract agreement and drivers getting hired off the street at $30 an hour while other drivers had to go through progression. In the end, the drivers kept the money, maybe the union will be more successful with this argument, but I don’t feel very confident about that. there was a similar issue with inside employees that was also lost.
“FB” get serious
Depends on what you’re “relinquishing “
I’ve got a feeling SOB knows a lot more than he’s letting onNot sure what to think about this yet although it is curious, they announced it before they revealed it.
Maybe they just wanted to see what the international would say or do?
Anybody’s guess right now.
I’ve got a feeling that it’s a lot more money than he’s acting like he is worried that too many people are going to take it hurting the membership. I could be wrong, but that’s my feeling.
Totally agree
Absolutely
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| Cash Severance | ||||||||
| 1X Annual Base Salary | $837,725.40 | |||||||
| 1X Target Annual MIP Award | $963,384.21 | |||||||
| COBRA (18 months) | $29,361.42 | |||||||
| Total Estimated Cash Severance | $1,830,471.03 | |||||||
| MIP Award Treatment Prorated 2024 estimate MIP (final amount determined based on 2024 MIP factor) | $481,692.11 | |||||||
| Equity Treatment | ||||||||
| Previously granted LTIP RPUs are earned on a prorated basis, based upon the number of months worked during the applicable performance period. LTIP awards will vest and be paid on the original applicable LTIP award cycle schedule. LTIP award values below are estimated based on a target (100%) payout percentage and a class B stock price of $146.43 (the closing price of a share of class B common stock on the NYSE on May 3, 2024). Actual award values will depend upon the share price on the date the award is vested, and the performance payout percentage as determined by the Committee. | ||||||||
| 2022 LTIP (30/36 proration) | $2,579,871 | |||||||
| 2023 LTIP (18/36 proration) | $1,838,649 | |||||||
| 2024 LTIP (6/36 proration) | $726,731 | |||||||
| Total Estimated LTIP Value | $5,145,251 | |||||||
| All vested stock options shall remain exercisable until the earlier of the first anniversary of the Separation or the original expiration date for such Options. Unvested options are forfeited. | ||||||||
| 2020 Vested Options | 24,308 | |||||||
| 2021 Vested Options | 9,483 | |||||||
| 2022 Vested Options | 3,160 | |||||||
| 2023 Vested Options | 1,980 | |||||||
| 2024 Vested Options | 0 | |||||||
| Total Number of Options | 38,931 | |||||||
| Career Counseling Amount | $20,000 | |||||||
Sean said to file grievances on it?
Because he probably got bamboozled by UPS
I think you're right.
Or maybe they offered him a buyout
The company wants to lower operating costs, they want to increase dividends. What better way than to reduce employees? And also automate. This is very bad for the IBT, IMO
Tome pegged him
By the time the grievance procedure is done those people will have already been on the beach for two or three years lol
Wooo!
May very well be the case. Then again it may just be possible that this is outside of the contractual realm, and an extra agreement that is not of a mutual nature and without input from the IBT. That can be a slippery slope if not confronted now
