In recent years, executives are increasingly being compensated through equity awards. As a general matter, equity awards most often take the form of stock options or Restricted Stock Units (RSUs), which provide additional compensation beyond an employee’s salary and benefits. These types of equity awards (often offered through Long-Term Incentive Plans, or LTIPs) are prevalent in all businesses, but are especially common among start-up … [Read more...]
Minnesota Legal Holiday Laws for Employees
The federal government and Minnesota state government have passed laws designating certain days each year as public holidays. However, whether an employee is entitled to time off on the public holidays or overtime compensation for working on the public holidays depends on whether the employee works for a public or private employer. This blog explains an employee’s rights regarding public holidays in Minnesota. Paid Leave for Federal and … [Read more...]
LGBTQ Civil Rights and Employment Law
On June 15, 2020, the United States Supreme Court took the monumental step of ruling that the Civil Rights Act protects gay, lesbian, and transgender employees from discrimination based on sex. This protection means that an employee cannot be terminated because of their LGBTQ status. Prior to this ruling, various states had conflicting anti-discrimination policies, and unfortunately, some of these policies did not protect LGBTQ individuals. As … [Read more...]
Jury Duty Leave Laws: Are Minnesota Employers Required to Pay You for Jury Duty
The Constitutions of the United States and the State of Minnesota guarantee defendants in criminal cases and litigants in civil cases the right to a trial by jury. Jurors play a crucial role in our country's democratic process. However, serving on a jury can require jurors to miss work. One commonly asked question is whether an employer in Minnesota is required to pay an employee called to serve on a jury. This blog explains whether Minnesota … [Read more...]
