Cytodyn Inc (CYDY)

[justdafactss]

Cyrus even ELIGIBILE for medical leave of absence?????

Cyrus been at CYDY at least 12 months and CYDY have more than 50 employees?

FMLA applies to all public agencies, all public and private elementary and secondary schools, and companies with 50 or more employees. These employers must provide an eligible employee with up to 12 weeks of unpaid leave each year for any of the following reasons:

For the birth and care of the newborn child of an employee;
For placement with the employee of a child for adoption or foster care;
To care for an immediate family member (i.e., spouse, child, or parent) with a serious health condition; or
To take medical leave when the employee is unable to work because of a serious health condition.
Employees are eligible for leave if they have worked for their employer at least 12 months, at least 1,250 hours over the past 12 months, and work at a location where the company employs 50 or more employees within 75 miles. Whether an employee has worked the minimum 1,250 hours of service is determined according to FLSA principles for determining compensable hours or work.
https://www.dol.gov/general/topic/benefits-leave/fmla

On June 27, 2022, CytoDyn Inc., a Delaware corporation (the “Company”), entered into an employment agreement with Cyrus Arman, Ph.D. (the “Employment Agreement”), under which he will be employed as the Company’s President on an at-will basis beginning on July 9, 2022
https://www.sec.gov/Archives/edgar/data/1175680/000155837022010484/cydy-20220624x8k.htm