A
ask
Guest
What is the name of your state? CO
I was a contractor for a local company from Jan 19, 2004. I received a 6-month contract, which described payment to me in cash and in stock or stock options in the company. After the contract expired, it was not renewed by the company, even though I asked my supervisor about it several times. Everything was proceeding according to the original contract, however, and I was doing my work, submitting invoices to the company, and receiving cash payments.
I received notice of termination last week (Oct 7, 2004), and when I submitted my final invoice, I was told that I would not get any shares/options for the period after the 6 month contract.
So basically, what they are doing is they are picking some things out of the original contract that suit them, and dropping the ones that do not.
1. Do I have any recourse to get the shares/options beyond the 6 months? The contract does not make a distinction between the 2 types of payment, nor does it say the shares are a one-time deal. Is there anything like an "implied" contract that should have existed after the original 6 month contract, since I was retained with full duties and rights for nearly 3 months, as far as I knew?
2. If there is such a thing as "implied" contract, should it not have the same terms as the original?
3. The original contract called for a written notice of termination, which was tied to termination of compensation. I have not received one explicitly, but when I questioned the company lawyer about this, he said that the act of communicating by e-mail serves as the written notice. Is this true?
I was a contractor for a local company from Jan 19, 2004. I received a 6-month contract, which described payment to me in cash and in stock or stock options in the company. After the contract expired, it was not renewed by the company, even though I asked my supervisor about it several times. Everything was proceeding according to the original contract, however, and I was doing my work, submitting invoices to the company, and receiving cash payments.
I received notice of termination last week (Oct 7, 2004), and when I submitted my final invoice, I was told that I would not get any shares/options for the period after the 6 month contract.
So basically, what they are doing is they are picking some things out of the original contract that suit them, and dropping the ones that do not.
1. Do I have any recourse to get the shares/options beyond the 6 months? The contract does not make a distinction between the 2 types of payment, nor does it say the shares are a one-time deal. Is there anything like an "implied" contract that should have existed after the original 6 month contract, since I was retained with full duties and rights for nearly 3 months, as far as I knew?
2. If there is such a thing as "implied" contract, should it not have the same terms as the original?
3. The original contract called for a written notice of termination, which was tied to termination of compensation. I have not received one explicitly, but when I questioned the company lawyer about this, he said that the act of communicating by e-mail serves as the written notice. Is this true?