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Employer can enforce forfeiture clause (access required)

By: Pat Murphy
Published: November 3, 2009

Tags: ,

State wage law does not prohibit an employer’s enforcement of a forfeiture provision in an employee stock purchase program, the California Supreme Court has ruled. The ruling affirms a decision by a state appellate court. (See “Employee stock program doesn't violate state law,” Lawyers USA. Feb. 11, 2008.)   Citigroup implemented an incentive compensation plan that allowed employees ...
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