Legal Question in Employment Law in Minnesota

stock options
Are there any laws relating to equality of benefits among employees, specifically stock options?

I'm in a situation where I had left a start-up company for six months, but was hired back when that start-up was acquired by a larger company. Vacation accrual rates were grandfathered back for the employees that stayed, as well as myself. However, stock options were granted twice to the employees in this office in the next couple of years, but I wasn't party to the first year's.

This has become an issue recently due to an acquisition wherein the stock options will result in a payout, though only a fraction of the amount I might have received.

Unfortunately, I can't see any legal basis on which to complain, as my acceptance letter only specifically stated vacation accrual grandfathering.

Is there any recourse, or is this just bad luck?

Asked on 7/28/04, 3:06 pm

David Anderson Anderson Business Law LLC

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0 attorneys agreed

Re: stock options

Is there an ESOP agreement in place?

Can you obtain it?

You may have options, but it also might be bad luck.

Answered on 7/28/04, 5:08 pm

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