FAQs for Team Members - Migration to Oyster-owned entity

Article author
Hyun Cho
  • Updated

1. How will the migration affect health benefits? 

There will be no impact on health benefits. If you were previously enrolled with SafetyWing or IMG, you will continue to be enrolled there. 

2. What will happen to any bonuses or allowances and accrued holidays and leaves?

Any accrued bonus and allowances, as well as accrued but unused holidays will be paid along with your last salary payment with the third-party employer.

3. Can I use the vacation days left instead of having them paid out?

You can use the remaining vacation days as long as your request for time off is approved by the cut-off date for the final month of employment (See: What are cut off dates?). No vacation days can be cancelled or added after the cut-off date. 

4. What is the timeframe for the migration from the local partner and onboarding into the Oyster owned entity?

Overview of migration schedule (dates are approximate only):

June 21st - July 11th

Informational emails sent to Team Members

July 11th - July 31st

Team Members submit resignation form to the third party employer and sign new employment agreement with Oyster

Mid Aug - Oct 31st

Team Members are onboarded into the Oyster owned entity immediately after observing their notice period. Notice periods can vary between 1 month to 3 months. 

Team Members receive payment for vacation days accrued but not taken from the previous employer.