Total Articles: 4
Court of Appeal: What's a Vacation?
Some companies give paid "sabbaticals" to long term employees. I am jealous of people who work for those companies.
New California Supreme Court Decision Schachter v. Citigroup Upholds Forfeiture Provision in Key Employee Stock Purchase Plan
The California Supreme Court ruled recently that a forfeiture provision in a key employee stock purchase plan did not violate the California Labor Code. The Court upheld the forfeiture of an employee's unvested restricted stock, and the cash compensation he used to purchase the stock, under the terms of the plan because the employee resigned prior to the stock's vesting date.
Sick Pay To Remain A Benefit, Not Entitlement---For Now.
Is sick pay an employee entitlement or a benefit? In California, AB 2716, a bill seeking to make sick pay an entitlement that all employers must provide has died in the Senate. But it will be back.
Deduction of Workers Compensation Costs In Calculating Profits for Profit-Based Incentive Plan Does Not Violate California Labor Code (scroll down).
In Prachasaisoradej v. Ralphs Grocery Co., the California Supreme Court ruled by a 4-3 vote that a profit sharing incentive plan based on a net profit calculation, which included deductions for workers compensation costs, cash and merchandise shortages and the costs of third party tort claims, did not violate Labor Code prohibitions against deducting such costs from employee wages.
