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VIC Employment Contract - Sell Shares Only After I Leave Company?

Discussion in 'Employment Law Forum' started by Rebecca70, 8 January 2017.

  1. Rebecca70

    Rebecca70 Member

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    Hi,

    As part of my salary, I receive every few months shares (the company I work for is traded in the ASX). I am a bit short of money, and was wondering if legally I am allowed to sell my stocks whenever I want or have to wait until I leave the company?

    There is no restriction in my employment contract.

    Thanks
     
  2. Rod

    Rod Well-Known Member

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    If you are not privy to confidential information that can affect the share price you can sell shares at any time. Directors and certain key executives may only be able to sell shares between set dates.
     
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