Hard to evaluate this without access to the documents. But in CA, agreements cannot be conditioned on the payment of previously earned wages.
Equity adds a wrinkle here, but I suspect if the effect of canceling equity is to cause a forfeiture of earned wages, then ultimately whatever contract is signed under that threat is void.
Equity adds a wrinkle here, but I suspect if the effect of canceling equity is to cause a forfeiture of earned wages, then ultimately whatever contract is signed under that threat is void.