Legal Question in Employment Law in Florida

I am an employee in Florida and investor in a small startup company based in Maryland. After working for the company for 5 years I am thinking of leaving. The CEO has now decided to ask the all employees to sign non-compete agreements before they will give us our stock options that are due to us. Can they do that? I feel like they are forcing us to do this against by holding the stock options/grants back until we sign it.


Asked on 1/14/10, 8:13 am

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

If the options are already due, then they can't require you to sign as a confition. They are due. They can decide to fire you if you are not willing to sign a non-compete, however.

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Answered on 1/19/10, 9:54 am


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