Law360, New York (November 02, 2009) -- California's highest court has let Citigroup Inc. off the hook in a dispute with a former employee over whether the company's voluntary incentive compensation plan offering reduced-price restricted shares of company stock in lieu of cash violates California labor law.
The incentive plan's forfeiture provision does not run afoul of the California Labor Code because no earned, unpaid wages remain outstanding upon termination according to the terms of the incentive...
