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California Supreme Court Upholds Voluntary Stock Option Compensation Plan

Posted by Bo Links - November 3, 2009


In an important affirmation of voluntary stock option compensation plans, the California Supreme Court has ruled that when an employee opts to receive a portion of his or her wages in the form of non-vested stock (which the employee forfeits if he or she does not complete the vesting period), there is no violation of the state Labor Code which generally prohibits agreements that require an empl


Documents

Schachter_Citigroup_Stock_Options_Case.pdf

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