Company-Wide Bonus

The CEO of my company announced today that the board approved a special bonus payment. All full-time employees will be granted about $2,000 worth of restricted stock units, which will vest on March 14, 2009. On that date, each unit will convert to a share of stock and will be available to sell.

It’s not a bad deal, unless someone leaves the company before 2009. I’m not a fan of having benefits tied to company loyalty.

Scroll down to read 3 comments on “Company-Wide Bonus.”

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3 Comments on “Company-Wide Bonus.” To add your own comment, scroll down.

  1. Comment #1 by InvestmentClubHelp (reply)
    March 15th, 2006 at 4:07 pm

    I agree. I also received restricted stock from my company as part of my bonus. They won’t fully vest unitl 2010. Who knows if I’ll still be there in 2010. I understand they want to retain good employees, but come on, give me something I can use now!

  2. Comment #2 by FMF (reply)
    March 15th, 2006 at 4:08 pm

    Congrats—I think.

    Even if you leave before 2009, you can use them as a negotiating tool with your new employer. (i.e. “I’m about to come into stock worth $________ that I need to take into account.”)

  3. Comment #3 by Personal Finance Blog (reply)
    March 15th, 2006 at 4:45 pm

    It is just employee’s version of golden handcuff, but it is always better than nothing.

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