Leaving?
This section explains what happens to your Bean Stock if you no longer work at Starbucks. Your experience will vary depending on your situation and when you received your Bean Stock.
This section explains what happens to your Bean Stock if you no longer work at Starbucks. Your experience will vary depending on your situation and when you received your Bean Stock.
Situation:
- All vested RSUs that were converted to actual shares are yours. You determine when to sell these shares.* There is no time limit.
- All unvested RSUs are forfeited.
Situation: Your death
*Note: If you received Bean Stock RSUs in China in 2014 or later, all your vested RSUs will be subjected to forced sale at separation.
- All vested RSUs converted to actual shares and in your account will go to your estate. Your estate will determine when to sell these shares. There is no time limit.
- All unvested RSUs are forfeited.
Situation: You voluntarily leave Starbucks or are separated for reason other than misconduct or retirement.
- You have 90 days from your last day of employment to exercise your vested stock options.
- All unvested stock options are forfeited.
Situation: You involuntarily leave Starbucks for misconduct.
- You may forfeit all vested stock options upon your separation.
- All unvested stock options are forfeited.
Situation: You retire at age 55 or greater and have 10 years or more of credited service. *
- You have 36 months to exercise your vested stock options.
- All unvested stock options are vested.
Situation: You are no longer an active Starbucks partner due to permanent and total disability.
- You have 12 calendar months from your last day of employment to exercise your vested stock options.
- All unvested stock options are forfeited.
Situation: Your death.
*Note: Partners in Austria, France, Germany, Ireland, Netherlands or the United Kingdom who received stock option grants under the EU Sub-Plan are not eligible for this retirement provision as it is considered discriminatory.
- Your estate has 12 calendar months from your death to exercise your vested stock options.
- All unvested stock options are vested.