From our experience of advising employees on redundancies, the issue of stock or share transfers can be complex. If employees who are told they are at risk of redundancy have any stock or share options in the company employing them, they should seek immediate legal advice about the vesting of these shares, before deciding on whether to leave their employer.
As employment law solicitors, we have seen cases where if an employee were to resign, there is a risk that their shares would not vest and he or she would not get paid – thereby losing the right to the shares or stock options. In some cases, shares are not due to vest until after leaving the company. Where this is so, it may be possible to reach some form of agreement with the employer company by negotiation.
If you require further information about your redundancy rights, please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:
- http://www.rtcoopers.com/practice_employment.php
- http://www.rtcoopers.com/faq-redundancyemployee.php
- http://www.employmentlawyersinlondon.com/video.php
- http://www.employmentlawyersinlondon.com
- http://www.compromiseagreementlonuk.com/
© RT COOPERS, 2012. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.
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