Termination & Unvested Restricted Stock Units
Senior level employees may be awarded restricted stock units (“RSUs”) as part of their compensation package. RSUs are an incentive to retain senior management and executives.
Should Non-Disclosure Agreements be Banned in Workplace Settlements dealing with Sexual Harassment or Violence?
On November 6, 2023 the Ontario Provincial Government announced that it was “proposing to conduct consultations on ending the use of NDAs (non-disclosure agreements) in the settlement of cases on workplace sexual harassment or violence.” In employment law, settlement documents contain non-disclosure provision(s).
Does Your Employment Contract Have a Termination Clause? Is It Enforceable?
This case is a very significant case in the Province of Ontario when determining the enforceability of a termination provision in an employment contract.
Are You Being Solicited to Join Another Company?
Be Alert to the Termination Provisions in the Employment Agreement A company may ask a prospective employee (“employee”) to sign an employment agreement containing a termination provision prior to commencing employment. The offer of employment will be conditional upon the…
Can an Employer Alter the Term(s) of an Employment Contract?
Wronko v. Western Inventory Service Ltd. An Employer may give an Employee an Employment Contract or a new Employment Contract mid-way through the Employee’s employment. Does the Employee have to sign the Employment Contract/new Employment Contract? This is the very…
Seek Legal Advice Prior To Signing An Employment Contract
It is not uncommon for an employee to sign an employment contract prior to commencing new employment without speaking to legal counsel first. Fast forward five years and the employee is now terminated without cause and the severance package is…