Worked 38 years and was stiffed at the end, tells El Reg age was a probably factor
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Greg Milwid started working for IBM in early 1982 as an application developer in South Africa. Around 1998, he emigrated to Canada and continued his work for Big Blue's Canadian Software Development and Marketing team. But the legal language in IBM's Equity Award terms and conditions allowed the company to deny unvested RSUs upon termination.in an email."All subsequent offers to settle were well below what was reasonable, and in all offers, they declined to compensate me for the RSUs which would have vested literally weeks after my last day at the office."
"Specifically, Milwid was not informed that he would be disentitled to his RSUs upon the termination of his employment, he did not agree that he would be disentitled to his RSU awards if he was terminated without just cause and without advanced notice and he had no effective knowledge of the specific terms which purported to govern the plan.
Milwid said he was not aware of others who have faced a similar situation, but he suspects his case may have implications beyond Canada.
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