If you have withdrawn more cash than has vested at the date of your departure from your company, you are legally required to pay back the total remaining balance on your vesting schedule. There is a 60-day repayment period at 0% interest before the loan converts into a 1 or 3 year interest-bearing loan, divided into monthly payments.
Please sign in to leave a comment.
Articles in this section
- What happens to any money that I do not draw from my Keep account?
- How are payments sent?
- How fast will I receive my money?
- When will capital received from Keep be taxed?
- Why are Keep Cash Plans structured as loans?
- What if I am fired from my company before my Keep Cash Plan has fully vested?
- What if I leave my company before my Keep Cash Plan has fully vested?
- Can I spend money that hasn’t vested?
- How much does it cost to sign up for Keep?