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stock grants

By Earl Altman | 4 Minutes Read October 27, 2011

Unexpected risks of stock option plans

Stock options and stock grants have become normal and expected elements of executive compensation in Canada. Stock options are generally granted to executive employees as a means of creating a common purpose or goal between senior employees and the company. The valuation of these options, and the employee’s entitlement to exercise them, has been an issue in many wrongful dismissal actions.

Article by Earl Altman / Payroll / Corporations Act, employee shareholder, executive compensation, financial information, lawful termination, lump sum severance, oppression action, period of notice, securities act, severance, stock grants, stock option plan, stock options, termination, termination notice, vesting of stock options

By Earl Altman | 3 Minutes Read May 3, 2011

Ontario Court of Appeal deals with stock grants and termination

Long gone are the days when employees would receive pay cheques at the end of the week and possibly a Christmas bonus each year. Compensation for employees, particularly senior employees, has become increasingly complex as employers seek to incent specific behaviours among their executives. In addition, changing tax laws and the wild gyrations of the stock markets have made stock options more difficult to administer and less appealing to employees.

Article by Earl Altman / Employment Standards / Christmas bonus, Compensation for employees, damages for the employer’s failure to purchase the shares, employee stock grant programs, employment law, employment policies, incentives, Ontario Court of Appeal, pay cheques, period of reasonable notice, shares, stock grants, stock options, tax laws, terminated without cause, termination, termination of employment, terminations, valuation date, value of the shares

By Earl Altman | 4 Minutes Read April 5, 2011

Bonus entitlement on termination

In assessing either termination packages, or damages flowing from wrongful dismissal, counsel is often faced with a myriad of non salaried compensation payable to employees. This compensation includes items such as stock options, stock grants, non monetary benefits such as health and dental insurance, and bonuses. Over the years, the provisions of bonus plans have become more sophisticated, and more complicated. Employers have attempted, with the assistance of counsel, to include provisions for various contingencies in these bonus plans in order to better protect the employer. However, the more complicated the plan, the more difficult it is to assess whether or not a dismissed employee is, in fact, entitled to compensation for bonuses which might have been earned during the period of reasonable notice.

Article by Earl Altman / Employment Standards, Payroll / Bonus entitlement, Bonus entitlement on termination, bonus plans, bonuses, compensation for bonuses, damages flowing from wrongful dismissal, determination of bonus entitlement, dismissed employee, period of reasonable notice, stock grants, stock options, termination, termination packages

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