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Friday, March 28, 2008

FAQ

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small talk:
tempted to write this post before I am away over the weekend for logistic reason
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Disclaimer: all the contents in this post/blog are purely my sole opinion/speculation from hearsay and has nothing to do with any other person/entity or representing the view of any company/organization. The accuracy of the content is my pure interpretation at my best knowledge and should be used at your own risk & discretion.

To save me some effort of duplicating the content everytime my friends ask me, I decided to write an FAQ over here, hehehe...

I personally think that this FAQ is useful if you need it under some circumstances.
Who knows, it might come in handy after you received your focal and want to make further contemplating.

So, when is the best time other than now to document this. Here it goes for a brief initial revision. I will continue updating the post from time to time whenever I got newer items to add. You are free to drop me questions too. So, it will be a "living" post, and hope that you will find it a very useful FYI.

(1) SOP expiration after termination?
Stock Option Program offered and vested during your tenure in the company will only expire after 3 months from your official last day at the company.

(2) RSU expiration after termination?
Restricted Stock Unit offered and vested during your tenure in the company will only expire after 3 months from your official last day at the company.

(3) Does SPP expires after termination?
Stock purchased under the Stock Purchase Program during your tenure in the company wont expire. The stock is purchased using your own money, so they are yours. However, after 3 months from your official last day at the company, your corporate UBS account will seized to operate/expire. Therefore, you need to create a new personal brokerage account (with UBS or any other certified brokerage companies) and transfer them prior to the corporate UBS account expires so that you can further manage the SPP stocks.


(4) 2 months notice?
General guideline for resignation requires 2 months notice in the company. You can utilize your annual leaves or any other leaves to clear majority/all of the 2 months notice, but it all depends on the negotiation between you and your supervisor, because your supervisor has the autocratic right to approve/reject the leave application with reason. However, if you have a good proposal on responsibility transition and clearing the remaining task at your hand, your supervisor should have no choice but to approve this leave clearing. Be smart, stand firm on your view and there is always a channel (including escalation to supervisor's supervisor or HR) if your supervisor rejecting your proposal without any reasonable reason.

(5) EB & ECBP?
General tip is to put 30 June as your official last day at the company (but actual last day can be earlier using your leave to clear the 2 months notice), so that you are entitled to the EB and ECBP in June-July. You deserved the bonuses and you should not let it slip away. If your new company requesting you to report in earlier, try to communicate with them and delay the reporting date appropriately. You can tell them that you need this delay to complete your responsibility transition as well as clearing your tasks at hand. This will potray you as a person with integrity and responsibility.

(6) last day email notification?
If you need a template to write your "last day at the company" email, I have a dozen templates to spare :)

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3 Comments:

  • good posting. thanks. i will ask fromu if i need.:P

    By Blogger yukiyen, At 3/28/08, 8:30 PM  

  • Any guidelines on how to get your boss to distribute focal results sooner? damn sien until now havent gotten.

    By Blogger leonardlcy, At 3/29/08, 2:22 PM  

  • yukiyen: thx. Anytime :)
    leo: well, for the singh, is a RITUAL routine to deliver focal late,gotta get used to it or probably you let him get used to it with you late delivery of tasks.That will get his attention as well as let him taste his own "medicine",hehehe... Just rambling.Probably you could also tender a soft-reiminder to him that you going to resign if he doesnt "buckle up" his attitude in focal delivery system (Again, just rambling, hehehe...) You got my number, call me anytime if you need any advice :)

    By Blogger rukawa, At 3/31/08, 9:42 PM  

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