long-term incentive plans – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Supreme Court decision aggravates termination clause problems for employers https://uat-cumulus.benefitscanada.com/news/bencan/supreme-court-decision-aggravates-termination-clause-problems-for-employers/ Mon, 02 Nov 2020 05:00:21 +0000 https://cumulus.benefitscanada.com/uncategorized/supreme-court-decision-aggravates-termination-clause-problems-for-employers/ A recent decision from the Supreme Court of Canada suggests the test for employers seeking to limit recovery for unlawful termination damages related to long-term incentive plans may be insurmountable in practice. The mid-October ruling concluded that David Matthews was entitled to a payout under his incentive plan when the company was sold 13 months […]

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]]> Ontario appeal court rules former IMAX exec may exercise stock options in reasonable period https://uat-cumulus.benefitscanada.com/news/bencan/ontario-appeal-court-rules-former-imax-exec-may-exercise-stock-options-in-reasonable-period/ Tue, 21 Jan 2020 05:15:14 +0000 https://cumulus.benefitscanada.com/uncategorized/ontario-appeal-court-rules-former-imax-exec-may-exercise-stock-options-in-reasonable-period/ The Ontario Court of Appeal has ruled that a wrongfully dismissed employee could take advantage of the stock options and restricted share units that vested during the reasonable notice period, despite language in the governing plans that cancelled unvested units on termination. The case, between IMAX Corp. and a former executive named Larry O’Reilly, represented at least […]

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