March 2010 Archives

 

 

 

Dear WorkMinded,

"I'm being fired, just two years before I qualify for full vesting in my company stock. I am nearly certain that this is a calculated move and am wondering what my options are..."

Getting Screwed Outta my Options

 

Dear Getting Screwed,

This situation is a common one...and I have to say that it is even more frustrating when you have been working toward a longer term goal.  The first red flag waving my way is that "getting fired" suggests that you have not performed to standard or you have stepped over company regulations in a serious way. If this is the case, your options are very limited. 

 

If, in fact there is a layoff of multiple positions, your first stop is at the HR Department.  Express your concerns...feel them out and see what their response is.  Now listen carefully...Don't go in loaded for bear! Go in with a calm and respectful attitude.  If you don't have one of those at this point, wait a few days...and don't sign anything yet! 

 

Next, you can try to negotiate at least a partial vesting.  If they're not responsive, it would probably be a good idea to consult with a labor attorney.  Don't get your hopes up though, most states follow "employment at will" regulations meaning you can walk away at any time and so can they.  The bigger picture is that you have to be a good "leaver".  The word will be out on the street if you get difficult and your chance at getting stock vested somewhere else in the future will be slim.