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Company-Wide Bonus

by Flexo on March 15, 2006

in Salaries

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.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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  • 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!
  • FMF
    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.")
  • It is just employee's version of golden handcuff, but it is always better than nothing.
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