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Company-Wide Bonus

This article was written by in Salaries. 9 comments.

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.

Published or updated March 15, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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{ 3 comments… read them below or add one }

avatar InvestmentClubHelp

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!

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avatar 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.”)

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avatar Personal Finance Blog

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

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