2008: This Texas company consisted of an operations manager who is the sole shareholder
, and a sales manager. The handshake agreement between the operations manager and sales manager was a 5/50 split of income.
January 2011: I joined without an employment contract
, and my specific role was to develop a product line that failed in past attempts. I accepted a substandard salary with the potential to earn more as the company grew. My efforts grew income by 50% in the first year, and represented 33% of total revenue ($150k of $450k).
June 2011: The operations manager shifted to business
development, I took over operations for a modest pay increase, and trained then supervised a new employee to maintain the product line I developed.
October 2011: The sales manager became non-productive, the shareholder/business development manager shifted to sales, and I acquired inside sales responsibilities.
November 2012: A formal partnership
agreement is presented by the shareholder to the sales manager, and me with 50/25/25 stock ownership.
January 2013: The sales manager accepts a buy-out of $50k for 10 years, plus an adder of $18k for the next 4 years.
The shareholder subsequently presents an offer to me for 75/25 stock ownership with compensation at less than 50% of his, citing that I (49-year old female) have a working husband whereas he has a wife and 4 children. Negotiations have stopped, and are unlikely to resume.
Questions: Do I have a claim against company assets? Have EEOC gender laws been violated?