Cytodyn Inc (CYDY)

[justdafactss]

Under Federal Law without eligibility for medical leave, no continuation of insurance coverage and job protection while the employee is on leave.

The Family and Medical Leave Act (FMLA) is a labor law requiring employers of a certain size to provide employees with unpaid time off for serious family health issues or situations. Qualified reasons may include adoption, pregnancy, foster care placement, family or personal illness, or military leave. It also provides for the continuation of insurance coverage and job protection while the employee is on leave. The FMLA is intended to provide families with the time and resources to deal with family emergencies, while also guiding employers.

The U.S. Department of Labor’s Wage and Hour Division (DOL-WHD) is in charge of the FMLA program.
https://www.investopedia.com/terms/f/family-and-medical-leave-act.asp

CYDY didnt say "paid time off" they said-CytoDyn Announces President Takes Medical Leave of Absence
https://www.sec.gov/Archives/edgar/data/1175680/000155837023010412/cydy-20230518xex99d1.htm

Hes out.