Thread regarding Cabela's Inc. layoffs

I'm going to put this right here, because I don't know my options...

When I worked for Corporate a few years ago, I was given stock every year as part of hitting our performance goals. And every year when I signed it, it automatically put me into a non-compete agreement for 18 months as well as the fine print that stated if I left, Cabela's reserved the right at their own discretion to take back the stock.

Well, I left and didn't hear a word about my stock so I thought everything was fine. Until I checked my account a few months later and realized they had taken every last share. First of all I'm frustrated they did that because I earned it, and also annoyed that I was never notified. What I don't understand is how they chose to take my stock back? Because I can tell you that when MC and BL got that let that they got to keep their stock, and were probably given more. I feel like they singled me out because I went to another company, and I guess legally they can do that. Just not sure if anyone else had this happen or if I do have any legal recourse.

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| 1411 views | | 3 replies (last October 19, 2016) | Reply
Post ID: @OP+JULOZnd

3 replies (most recent on top)

if you left for a direct competitor you answered your own question. If not, then you have the option to challenge this situation. First you should have exersized those options if you knew you were leaving. and if you did not, its no one's fault but your own. Posting this sort of thing here leaves too many questions so seek legal counsel if it concerns you otherwise - LET IT GO

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Post ID: @2utu+JULOZnd

Let it go. You made a mistake and now it's time to move on. Next time read the fine print. Too bad you could've retired with a large amount of stock after the buyout. I did.

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Post ID: @hjx+JULOZnd

They are a gang of double standard thieves. Mc and bl are a part of the gang

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Post ID: @vkn+JULOZnd

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