Final Pay

[mikedean]

I resigned from my last employer in January to go to work for a competitor. As part of my resignation letter I agreed to a list of named accounts that I would not contact as a way to leave on good terms. The CEO send me an email acknowledging the resignation and accepting the terms...she did not send me a signed letter. The company agreed to pay my final commission two weeks after receiving the money from the customer. They did not pay the final commission check and asked if I would be interested in using part of what they owed me to purchase equity options that were available to me. I agree in writing to purchase options with part of the money, but also required that the rest be paid at the end of April. I asked the CEO towards the end of April when I would recieve the money and did not get an answer. I have also not seen anything regarding the stock options I purchased. A couple questions;
1) What recourse do I have? 2) Can I get out of the provision not to contact the named accounts since they breached our agreement?

 

[cbg]

1.) Since you did not post your state, I can't tell you what the most effective recourse would be. Your best bet is to contact your state DOL (if you are in Florida, you do not have a state DOL - go directly to the second option). If your state DOL cannot help you (some will not help with commission issues) your other recourse is a civil suit, probably in small claims court.

2.) No one who has not read the entire agreement can answer that. Show the agreement to an attorney in your state.

 

[mikedean]

My state is Indiana...sorry, thought I added that.