Employment contract back dating
That promise is considered to be an in-the-money options grant.In-the-money options are different from performance-based compensation in the eyes of the Internal Revenue Service and the Financial Accounting Standards Board.
It’s likely that the written contract addresses many more issues than were covered by the oral agreement, making the written contract different from the oral agreement.I have been working as an independent contractor for a company part time, but with ever-increasing hours. Is this something where they're backdating your start date by 6 months? But I am still wary of agreeing to anything without an offer in-hand.They've recently said they want to make me a full-time offer. Or to, say, the first of the current month so they just have to pay the most recent monthly bill you submitted and then everything after that is paid as an employee rather than accounting for a partial month of consulting and a partial month of salaried employment. You might be completely right on the partial month of consulting thing. If it concerns you, ask why the start date would be backdated.Drafting and executing a document after an event occurs, but in a manner that accurately reflects the date on which the event transpired, is a permissible form of backdating.This is backdating that memorializes, something the United States Court of Appeals for the Seventh Circuit has recognized as a legitimate practice.