2 ms·
quick question here. I'm completely in the dark about US labour law and such but is it possible to lay people off if the sole purpose is to prevent them from re
by Barrin92 4y ago
quick question here. I'm completely in the dark about US labour law and such but is it possible to lay people off if the sole purpose is to prevent them from receiving stock compensation? Sounds kind of wild given that it seems expected compensation when you signed a contract to work there in the first place.
- ajkjk 4y agoI don't know about the law, but it makes a lot of sense of to me. Compensation that's "in your pocket" is compensation you have. RSUs were _always_ a way to keep you around for a payout later (and potentially rescind the payout if they don't want you around). Viewing them as money in your pocket is a mistake.
- perryizgr8 4y ago> Sounds kind of wild given that it seems expected compensation when you signed a contract to work there in the first place. Contract says you get the stock if you work for a certain period of time at the company. Consequently, if you're fired or quit before that period elapses, you don't get it.
- kweingar 4y agoThere are laws that restrict firing someone to avoid a payout, at least in some states. Not sure if it applies to stock vesting. From what I understand, the main goal is to prevent an employer from firing someone at e.g. 19 years 11 months tenure purely to avoid paying them a pension.