How are PRISM or LTIP handled if were let go?

Just curious if you had a long term incentive that had yet to fully vest, if you lose it all, get a pro-rated portion, get it all?

 

You lose all

 

Be nice!

 

They said from the beginning that you had to still be employed.

 

Proration assumes 100% payout and includes only complete years.

• If scheduled to pay out next year we get 2 year’s proration of a 100% payout
• If scheduled to pay out the year after we get 1 year proration of a 100% payout

 

Ive heard multiple reports that those let go received a pro-rated portion of long term incentives.

 

That is correct, LTIP was prorated.

 

Outside of the ISRs who all got cut, most reps let go did not win any awards.