Cytodyn Inc (CYDY): Employers Cannot Pay Employees With Stoc...

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Re: moneycrew post# 210697

Thursday, 06/16/2022 7:01:43 PM

Thursday, June 16, 2022 7:01:43 PM

Employers Cannot Pay Employees With Stock or Equity In Lieu of Cash

A company with a bright future but a temporary cash shortage might be tempted to compensate employees with an ownership interest in the company (stock or equity) instead of with cash.

But, is this practice legal? Generally, the answer to this question is no. Under state and federal law, employees must be paid at least the minimum wage in cash. Providing equity, no matter how much the equity is worth, does not fulfill this requirement.
https://employmentlawblogma.com/2015/09/30/employers-cannot-pay-employees-with-stock-or-equity-in-lieu-of-cash/

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Recent CYDY News

Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 09:15:10 PM
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Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/19/2024 10:15:35 PM
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