stock options on dismissal
May 31, 2011 Earl Altman Employment/Labour Standards, Human Resources
A recent Ontario Court of Appeal decision dealt with a number of issues arising from the dismissal without cause or notice of a senior vice-president of an investment company. One of the more difficult issues addressed at trial, and considered by the Court of Appeal, was the trigger date for the right of the employer to re-purchase the employee’s two percent interest in the company.
Bardal v. The Globe & Mail, case law, Court of Appeal, damages, determination of reasonable notice, dismissal without cause, employment contract, employment law, length of service, longer notice period, notice period, pay in lieu of notice, Pensions and Benefits, reasonable notice, right of the employer to re-purchase the employee’s interest in the company, stock grant, stock options, stock options on dismissal, termination
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