Catalyst Health Solutions, Inc. v. Magill
Case Details
Status: Victory
Court: Maryland Court of Appeals
Docket: 80
Issue: Employment
Industry: Healthcare
Sub-Industry: Insurance
CASES RELATED BY THIS ISSUE
Unvested Stock Options as Wages
NCLC's Position
NCLC urged the Maryland Court of Special Appeals to rule that unvested stock options are not "wages" under Maryland wage law, and therefore can be forfeited upon termination. Businesses will be deterred from providing stock incentives if unvested stock options must be paid as wages when an employee is terminated.
Case Outcome
The Maryland Court of Appeals ruled that unvested stock options are not "wages" under Maryland wage law, and therefore can be forfeited upon termination.
Procedural History
Amicus brief filed 6/15/09. Review granted 7/17/09. Decided 6/2/10.
Case Documents
