Legal Question in Employment Law in Virginia

After signing a contract that does not mention the need to buy stock in the corporation, my prospective employer is now telling me that I need to by a "stock option" (over $9,000) prior to starting with the company. It says that it was "optional", but that it has changed since January 09. None of this was mentioned to me when I interviewed and 2 days ago the paperwork I received still presented it as "optional". I just received a call from a human resource person saying to me that it was now mandatory. How common is this? Is it legal? How to best respond to this curved ball? Thanks


Asked on 9/21/09, 4:33 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

In my view this is a red flag of sorts that your employment with this company very likely signifies trouble ahead.

And, consequently, if they continue to insist upon your purchase of this $9K so-called "stock option" as a condition of your employment, I would tell them NO THANKS and look elsewhere for a job(if I were you).

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Answered on 9/26/09, 11:44 pm


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