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Seyfarth's Marc Fosse and Richard Loebl co-authored an article, "When it comes to equity awards and reductions in force, there are few fixed rules," in Employee Benefit News on May 14. The Seyfarth attorneys discussed the rules that apply to the treatment of equity awards in the context of a reduction in force.
"Employers who have granted equity awards to their employees, and who are contemplating a reduction in force, should consult with both their labor and employment counsel (who typically advise on a reduction in force) and their benefits counsel (who can advise on the implications for equity awards)."
You can read the full article here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
