Menu
Call Us Today
416-616-5628
Are Terminated Employees Entitled to Unvested Stock Options That Would Have Vested During the Notice Period?
Monthly Archives

March 2020

Are Terminated Employees Entitled to Unvested Stock Options That Would Have Vested During the Notice Period?

By Employment Law

The answer: Yes. How did we get here? The answer lies in the Court of Appeal for Ontario’s evolving approach to this issue in recent years. A terminated employee’s right to exercise stock options during the reasonable notice period has been an increasingly litigated issue that has been rife with uncertainty. Employers often take the position that the language used in these employee incentive agreements results in their cancellation on the date of termination. Unsurprisingly, employees assert entitlement to all non-discretionary remuneration that was a fundamental part of their compensation. In 2004, the Court of Appeal for Ontario released a…

Read More
Scroll To Top