California Employment Law Update

Tag Archives: incentive compensation

Forfeiture Provision In Incentive Compensation Plan Does Not Violate California Labor Code

Schachter v. Citigroup, Inc., 159 Cal. App. 4th 10 (2008) During his employment, David B. Schachter, a former securities salesperson for Salomon Smith Barney, participated in Smith Barney’s voluntary Capital Accumulation Plan, which allowed him to direct Smith Barney to pay him five percent of his total compensation in the form of restricted stock; the … Continue Reading

Operating Expenses May Be Deducted From Revenues In Supplemental Compensation Plan

Prachasaisoradej v. Ralphs Grocery Co., 2007 WL 2388914 (Cal. S. Ct. Aug. 23, 2007) Eddy Prachasaisoradej, a produce manager for Ralphs, challenged the calculation of bonuses he received under a written incentive compensation plan, which included deductions for expenses and losses due to cash and merchandise shortages and shrinkage, workers’ compensation, tort claims and other … Continue Reading
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