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fnord77
3-year vesting I guess :)
jkaplowitz
Probably yeah. Or, if not, annual 4-year vesting and deciding he didn't care about the fourth portion.
mrandish
Could also be a 3 yr retention bonus or an earn out.
james_in_the_uk
Probably an earn-out and/or retention agreement rather than a vesting, given that it was an acquisition.
osswid
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.
staticautomatic
That's a really shitty schedule.
dennisgorelik
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.

argggg
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.