Legal Question in Business Law in California

I am sorry to hear you are unemployed. If they ask for the stock option money back I would ignore them. They do owe you your final paycheck, immediately. Wait 30 days and file a claim with the State Labor Commissioner, Division of Labor Standards Enforcement.

How much do they owe you and what company is it?

Best,

Daniel Bakondi, Esq.

[email protected]

415-450-0424

The Law Office of Daniel Bakondi, APLC

870 Market Street, Suite 1161

San Francisco CA 94102

http://www.danielbakondi.com

IMPORTANT NOTICE: This communication may contain confidential information, privileged information, or attorney work product. If you are not the intended recipient or received this message in error, any use or distribution of this message is strictly prohibited and unlawful. Please notify the sender immediately, and delete this message. No attorney-client nor confidential relationship is created through this communication. Nothing communicated or provided constitutes legal advice nor a legal opinion unless it so specifies and written agreement for attorney services has been entered into. Attorney licensed in California only. Your issue may be time sensitive and may result in loss of rights if you do not act in time. Thank you.

It's never a good idea to ignore a demand for money from anyone with the wherewithal to hire attorneys. They do owe you your full final pay on your last day as long as you give notice, but it only needs to be a few days notice. It's something like two business days. The stock options are a bigger issue of course. Let me know if they try to void the options. They may not. If they do try, I think you have a good case that they are not allowed to. It is quite possible that the language voiding the options is unenforceable.

Depending on the amount you got for the options vs. the amount of you final day's pay, you probably may want to let sleaping dogs lie for the time being. If you sold the options in breach of your contract, when you demand payment the company could decide to enforce that agreement which could be much more costly for you than the one day's pay.

IMPORTANT NOTICE: The above response is not intended to, and does not, create an attorney-client, fiduciary or other confidential relationship with the responder. Neither does it constitute the providing of legal advice or services or the giving of a legal opinion by the responder. Such a relationship can only be created, and legal advice and/or legal services provided, pursuant to a written agreement with the responder. Accordingly, no obligations of any kind are assumed with respect to any matter or question presented. It should also be noted that legal issues are often time sensitive and legal rights may be lost or compromised if you do not act in a timely fashion.