Earlier quoted context omitted.
> They call it the 'People Promise', and it sounds like a bonus, but > Because it's a loan, if you -do- survive employment through the term, guess what, you now have to pay tax on the 'forgiven loan'. Did you have a point to make here? Do you think you don't have to pay income taxes on bonuses?
The point is that this bonus is effectively a condition of hiring that has strings attached
And on top of that, the way it is 'distributed' and handled places unhealthy pressures on the forced recipient.
Mostly around the length (AFAIK longer than even startup or amazon RSUs) and the initial accessibility. You shouldn't try to prey on your own employees desperation or potential lack of knowledge.