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Forum
-> Working Women
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amother
OP
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 Tue, Dec 10 2019, 10:24 am
It looks like the company I’ve worked for many years may be sold.
They are offering me a retention bonus to stay - is there any reason to ever not sign it? Or to be wary? Do I just take what they offer?
Also, I was offered stock options years ago at this company - some are vested by now. Is it smart now to excersize the vested stock options before a company is sold (it will cost me a large sum now)? Do I lose the options once a company is sold or do they remain my option? What typically happens?
I can ask but I don’t want to sound like a total fool before I have a basic idea.
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amother
Blush
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Tue, Dec 10 2019, 10:55 am
regarding the bonus - it shouldn't hurt you to counter. Of course look at the terms attached to the bonus - and make sure you are comfortable... you are taking a risk that you may really dislike working for the company after it is sold - and find yourself stuck.
Regarding the stock options - you'll need to read the term sheet on the options as a start. Professional advice is a good idea here.
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amother
Blush
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Tue, Dec 10 2019, 11:16 am
| amother [ OP ] wrote: | Thanks for responding
I’m so confused about the stock options. The company buying trades at about the amount of my options. Not sure what makes sense or if I lose it once sold - don’t understand from docs.
It doesn’t look like I’ll get rich off of it anyways. :/ |
Good luck 
Is your company currently public?
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amother
OP
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Tue, Dec 10 2019, 12:43 pm
| amother [ Blush ] wrote: | Good luck
Is your company currently public? |
No
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amother
OP
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Tue, Dec 10 2019, 3:22 pm
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If you sign a retention bonus does that sort of lock in your salary because they assume you won’t leave?
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amother
Blush
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Tue, Dec 10 2019, 3:29 pm
| amother [ OP ] wrote: | | If you sign a retention bonus does that sort of lock in your salary because they assume you won’t leave? |
Is this retention bonus less than what you thought your next salary bump would be?
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amother
OP
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Tue, Dec 10 2019, 4:44 pm
| amother [ Blush ] wrote: | | Is this retention bonus less than what you thought your next salary bump would be? |
Good point.
It’s significantly more. I just see salary increase as long term. Like if I normally get 5% end of year. Or some times 10% if I push it adds up over the years so it’s really cumulative .
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amother
Blush
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Tue, Dec 10 2019, 4:53 pm
| amother [ OP ] wrote: | Good point.
It’s significantly more. I just see salary increase as long term. Like if I normally get 5% end of year. Or some times 10% if I push it adds up over the years so it’s really cumulative . |
Yes - it is cumulative - but do you really want to play the long game on this?
Of course when it comes to raise time you say "I must be a valuable worker or you wouldn't have incentivised me to stay. Please give me my raise".
Do you have a lawyer who can look this over for you?
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