supervisor quit, will i still get stock?

Discussion in 'UPS Discussions' started by gabhelp, Nov 19, 2009.

  1. gabhelp

    gabhelp New Member

    my friend quit ups at the end of october, just after they announced the stock mpi, etc. will he still get his stock bonus - he was with the company for many years
  2. beentheredonethat

    beentheredonethat Well-Known Member

    I've seen people leave before. Although I'm sure there's an exception out there. If he quit before he got the bonus. He lost it. He also lost the portions of past years awards that haven't vested yet. That's a significant amount of money too.
  3. gabhelp

    gabhelp New Member

    what if he already filled out paperwork for how the stock was to be paid, i.e. cash, stock, etc. ?
  4. gabhelp

    gabhelp New Member

    also he was with the company for 25 years
  5. tfinnegan

    tfinnegan happy exupser

    If he retired he should get it, but if he just quit...kiss it good bye
  6. gabhelp

    gabhelp New Member

    he just quit for a new opportunity
  7. nhguy

    nhguy New Member

    My understanding is that you had to be on the payroll the date the funds are deposited. He will also lose any RSU'S that haven't vested. It is different if he retired.
  8. gabhelp

    gabhelp New Member

    when do they deposit the funds?
  9. beentheredonethat

    beentheredonethat Well-Known Member

    Unsure.. But they haven't yet. And if he already quit. The money is gone. Also the RSU's. He should have known that when he decided to leave.
  10. brownmonster

    brownmonster Man of Great Wisdom

    gabhelp, your freind is the one who left UPS yet you ask "will I still get stock?" Must be a pretty special friend.
  11. Ha Ha....BUSTED!
  12. brownone

    brownone Member

    Walked out by Security and HR....
  13. stevetheupsguy

    stevetheupsguy sʇǝʌǝʇɥǝndsƃnʎ

    This is the best post for that avatar, DOL.