Hacker News Reader

3-year vesting I guess :)

Probably yeah. Or, if not, annual 4-year vesting and deciding he didn't care about the fourth portion.

Could also be a 3 yr retention bonus or an earn out.

Probably an earn-out and/or retention agreement rather than a vesting, given that it was an acquisition.

IBM's 3 year vest schedule on cash retention packages was 10% at 6 months, 10% at 12 months, 30% at 24 months, and 50% at 36 months. So half of your retention pay happens on the 3rd year anniversary.

That's a really shitty schedule.

What is "shitty" about this schedule?

It focuses on keeping employees longer, which is the main goal of this vesting schedule in the first place.

It's only bad if the company is working toward some sort of an exit strategy. IBM isn't looking to sell itself, so putting in benefits and pay outs that encourage long-term retention makes a lot of sense.

This June 28 was also my last day at IBM. My business unit has been sold to HCL America, and my team is generally optimistic about the deal.

Is this the “HCL” of recent Boeing fame?

Indeed.

The part of HCL's business that was related to Boeing is separate from my team: https://www.bloomberg.com/news/articles/2018-12-07/ibm-sells...

been there, done that

I’m Leaving IBM