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If things go well later this week I may be potentially in the position of giving notice. Having not done so for 17 years - I'm a bit rusty
Some advice needed:
1/ I'm on 3 months notice given and received. I'm guessing that's a minimum, ie. if I gave notice next week can I indicate an intended leaving date beyond that timing (eg end of May) or do wait until end Feb and then do it
2/ I want to be employed up to end May,because I have stock options that become vested in mid May. As far as I can tell, if I'm employed on the vesting date, I can exercise them. Hence why I want to be employed.
3/ The sticking point is that I'm planning if all goes well to join a competitor. I don't really want to tell who at this point, because they have plans that might be compromised if my employer knows who I'm joining - it'll be obvious the markets the new employer will be targeting. At the same time I realise my position becomes contentious and in my position i understand that and if the boot was on the other foot would probably want to put me on gardening leave. Is it enough to admit I'm joining a competitor without saying who and suggesting gardening leave might be sensible for both? But does that compromise my formal employment status beyond the vesting date?
Personally I would keep it quiet for as long as is reasonable.
As soon as you give your notice there is no need for you to tell them who you are joining. If they feel there is a risk you are going to work for a competitor then they can put you on garden leave.
With regards to the stock, check you contract, you may find that submitting your notice will remove any rights you have to that stock if it was an option offered as part of a package.
Ooh you might want special advice!
Firstly you could give notice early (I once did it). In your shoes it probably won't help. I'd only do it if I though the extra notice was helping the current employer or colleagues out.
Next the vesting details of options will depend on the terms of the options etc. I'm sure I;ve seen some that vested only if employed AND not given notice on the relevant date.
Lastly beware the "PILON" (Pay in leu of notice) clause... its not always there but in essence it means when you hand in your notice they can say "see ya, here's what we would have paid you". I suspect this would prevent your options vesting.
Wait until 3 months exactly before your desired leaving date, then give notice. Only sensible way to avoid them finding some devious way to give you notice back for 3 months from that date. Stay in control of the process.
Get proper advice (the kind where somebody who knows their stuff reads your contract) sounds like to much riding on it for anecdote and here say
Get that checked out re: stock options. Some companies can get difficukt when thy know/guess you are going to a competitor. I wouldn't risk your stock options.
[i]2/ I want to be employed up to end May,because I have stock options that become vested in mid May. As far as I can tell, if I'm employed on the vesting date, I can exercise them. Hence why I want to be employed.[/i]
Most companies I've worked for did not give bonus/shares/options to any employee under notice - which is why as a Manager I knew pretty well nobody would leave in the period before.