Employment Law

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My employer change my (and everybody's) status for our

Customer Question
My employer change my...

My employer change my (and everybody's) status for our dividend payout without our knowledge. I just found out through TRowePrice that my dividend was re-invested. Is this legal?

Lawyer's Assistant: Because employment law varies from place to place, can you tell me what state this is in?

I live in California my employer is based in Washington

Lawyer's Assistant: Is the employment agreement "at will," union, full time or part time?

Full time non union

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I have been receiving the dividend payouts regularly for several years.

Submitted: 8 months ago.Category: Employment Law
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Answered in 59 minutes by:
9/13/2017
Employment Lawyer: TJ, Esq., Attorney replied 8 months ago
TJ, Esq.
TJ, Esq., Attorney
Category: Employment Law
Satisfied Customers: 12,665
Experience: JD, MBA
Verified

Hello and thank you for the opportunity to assist you. My name is ***** ***** I will do my very best to answer your legal questions.

If you're referring to a situation in which the employer has granted stock options or an employer controlled 401k, and has changed the policy so that dividends must be reinvested, then that is lawful. The employer has the power to regulate whether dividends are paid out or reinvested. If the employee does not like the terms, then the employee can opt out of the program. Of course, one would expect the employer to inform the employees when there is a change; but if it does not, the change is still lawful.

Does that answer your question(s)? Please let me know if you need clarification, as I am happy to continue helping you until you are satisfied. Also, please remember to provide a positive rating via the stars (and note that your positive rating is the only way that I'll get credit for helping you, so it is much appreciated!). Thank you. :)

Ask Your Own Employment Law Question
Employment Lawyer: TJ, Esq., Attorney replied 8 months ago

Hello again. I didn't hear back from you, and you haven't yet rated me, so I'm just checking in to make sure that you don't need more help on this issue.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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