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New Video! UPS offering Buyouts to its Drivers....
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<blockquote data-quote="Red Headed Stranger" data-source="post: 6157300" data-attributes="member: 90351"><p>I think if you receive a severance offer, I'd counter back and say "I'll accept the same severance offer that Brian Newman accepted last year:</p><p></p><p>Brian Newman</p><p>Form of Separation Agreement and General Release</p><p>Page 15</p><p></p><p></p><p>EXHIBIT A</p><p></p><table style='width: 100%'><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>COMPENSATION SUMMARY AND ESTIMATES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash Severance</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1X Annual Base Salary</td><td>$837,725.40</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1X Target Annual MIP Award</td><td>$963,384.21</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>COBRA (18 months)</td><td>$29,361.42</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Estimated Cash Severance</td><td>$1,830,471.03</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>MIP Award Treatment<br /> Prorated 2024 estimate MIP<br /> (final amount determined based on 2024 MIP factor)</td><td><br /> $481,692.11</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity Treatment</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Previously granted LTIP RPUs are earned on a prorated basis, based upon the number of months worked during the applicable performance period. LTIP awards will vest and be paid on the original applicable LTIP award cycle schedule. LTIP award values below are estimated based on a target (100%) payout percentage and a class B stock price of $146.43 (the closing price of a share of class B common stock on the NYSE on May 3, 2024). Actual award values will depend upon the share price on the date the award is vested, and the performance payout percentage as determined by the Committee.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2022 LTIP (30/36 proration)</td><td>$2,579,871</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2023 LTIP (18/36 proration)</td><td>$1,838,649</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2024 LTIP (6/36 proration)</td><td>$726,731</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Estimated LTIP Value</td><td>$5,145,251</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>All vested stock options shall remain exercisable until the earlier of the first anniversary of the Separation or the original expiration date for such Options. Unvested options are forfeited.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2020 Vested Options</td><td>24,308</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2021 Vested Options</td><td>9,483</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2022 Vested Options</td><td>3,160</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2023 Vested Options</td><td>1,980</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2024 Vested Options</td><td>0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Number of Options</td><td>38,931</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Career Counseling Amount</td><td>$20,000</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></blockquote><p></p>
[QUOTE="Red Headed Stranger, post: 6157300, member: 90351"] I think if you receive a severance offer, I'd counter back and say "I'll accept the same severance offer that Brian Newman accepted last year: Brian Newman Form of Separation Agreement and General Release Page 15 EXHIBIT A [TABLE] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]COMPENSATION SUMMARY AND ESTIMATES[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Cash Severance[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]1X Annual Base Salary[/TD] [TD]$837,725.40[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]1X Target Annual MIP Award[/TD] [TD]$963,384.21[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]COBRA (18 months)[/TD] [TD]$29,361.42[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Total Estimated Cash Severance[/TD] [TD]$1,830,471.03[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]MIP Award Treatment Prorated 2024 estimate MIP (final amount determined based on 2024 MIP factor)[/TD] [TD] $481,692.11[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Equity Treatment[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Previously granted LTIP RPUs are earned on a prorated basis, based upon the number of months worked during the applicable performance period. LTIP awards will vest and be paid on the original applicable LTIP award cycle schedule. LTIP award values below are estimated based on a target (100%) payout percentage and a class B stock price of $146.43 (the closing price of a share of class B common stock on the NYSE on May 3, 2024). Actual award values will depend upon the share price on the date the award is vested, and the performance payout percentage as determined by the Committee.[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2022 LTIP (30/36 proration)[/TD] [TD]$2,579,871[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2023 LTIP (18/36 proration)[/TD] [TD]$1,838,649[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2024 LTIP (6/36 proration)[/TD] [TD]$726,731[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Total Estimated LTIP Value[/TD] [TD]$5,145,251[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]All vested stock options shall remain exercisable until the earlier of the first anniversary of the Separation or the original expiration date for such Options. Unvested options are forfeited.[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2020 Vested Options[/TD] [TD]24,308[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2021 Vested Options[/TD] [TD]9,483[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2022 Vested Options[/TD] [TD]3,160[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2023 Vested Options[/TD] [TD]1,980[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]2024 Vested Options[/TD] [TD]0[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Total Number of Options[/TD] [TD]38,931[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD]Career Counseling Amount[/TD] [TD]$20,000[/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [/TABLE] [/QUOTE]
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