- Citation:
- No. 09-16146 (Not for Publication)
- Tag(s):
-
- Ruling:
- Appellate Court affirmed district court's refusal to treat debtor's stock options as exempt retirement savings. The debtor obtained the stock options through her former employer's "long-term incentive compensation plan." The "long-term incentive compensation plan" was not a retirement plan under ERISA or under California law. Accordingly, the debtor could not treat the stock options as exempt property.
- Procedural context:
- The Ninth Circuit affirmed the disctrict court's judgment that the debtor's stock options were not exempt retirement savings.
- Facts:
- Debtor claimed that her stock options were exempt property. Because the stock options were given to her through her former employer's "long-term incentive compensation plan" rather than through a sanctioned retirement plan, the stock options were property of the estate.
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