Here's the formula they use for Pivot tier one severance: 10 weeks of base pay +( basepay* 1%) * (tenure in months /12). Example, for calculating it with a $95k base and 2 year tenure: $95k/52 = $1826 $1826*10= $18,269 Then 95k x 1% = $950 Tenure 24 mo / 12 = 2 $950 x 2 = $1900 You get $18,269 + $1,900 = $19,219 My pivot payment was $34k, and that was with 7 yrs tenure @ $135k base; so the math checks out with the above example.

I get to stay on payroll 90 days. At the end of that, a lump sum severance that includes 1 week for every 6 months of tenure, rounded to the nearest 6 month (min 4 weeks, max 20 weeks) + stipend for healthcare + PTO payout. You will also receive any stock that vests in the 90 day notification period. The actual severance offer will be generated within 10 days of the termination date (end of notification period---for us today 1/26). We are required to sign to receive the lump sum.