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Like most of the others have said, "get a lawyer" though I'd actually get two -- first, an employment lawyer to handle the termination as Director of Sales and -- second, an investment lawyer, to explain your options there. Don't assume one lawyer is going to be able to be great at both.

If he's in at at will employment state he doesn't need a reason to get rid of him.

The OP said he was terminating the guy with cause which is interesting. If the investment is contractually tied to the position it could of course be much more complicated.

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