Generally, though, "you will be eligible for vesting of unvested EMC equity, subject to your (i) executing, on a timely basis, a Separation Agreement and Release in the form approved by EMC, and (ii) your compliance with the terms and conditions of the Separation Agreement and Release". Yes, the company said, except for "certain grants that were made after October 12, 2015". If my job is eliminated as part of EMC’s business transformation efforts prior to the deal close, am I entitled to receive acceleration and merger consideration for any EMC restricted stock units or stock options that I am holding? "Your VMware RSUs remain under the same VMware plan as when you received them, and follow their original vesting schedule." The move helps Dell raise the cash it needs to close the transaction, but employees' existing VMware options won't be changed, the company said. Dell intends to issue a special form of stock that tracks the performance of VMware shares as part of the deal. They will not, the company said, noting that VMware, which is about 81 percent owned by EMC, is not a party to the merger agreement with Dell. Will VMware restricted shares or options accelerate as part of the EMC-Dell merger? Here are several questions employees asked in the internal Q&A. With the acquisition by Dell now looming, employees are curious about what it means for the nest eggs they've nurtured at EMC. The cost-reduction plan also will result in the company's exiting some businesses and getting rid of products that aren't showing strong growth.
#EMC STOCK EMOLOYEE OPTIONS DELL HOW TO#
The exchange is a mix of employee questions and questions anticipated by EMC management, according to a spokesman, and it shows employees seeking clarification on how to think about the EMC shares they hold, how their options will be treated if they're laid off, how exactly the VMware tracking stock Dell intends to issue as part of the transaction will work.ĮMC is in the midst of an aggressive, $850 million cost-cutting program unveiled last summer that will result in an unspecified number of layoffs. The contents of an employee intranet Q&A were recently filed with the US Securities and Exchange Commission by data storage giant EMC.
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