Ontario Court of Appeal Denies Employee’s Claim for Vested Stock Units
In its recent decision in Preston v. Cervus Equipment Corporation, the Ontario Court of Appeal overturned the motion judge’s decision and found the wrongful dismissal settlement precluded the employee’s entitlement to vested stock units, despite these units automatically vesting upon termination under the company’s deferred share plan for employees. The plaintiff, Mr. Preston, had been an employee with Cervus Equipment Corporation from 2014-2018. During his employment, he participated in Cervus’ Deferred Share Plan, which enabled him to apply $20,000 of his annual bonus towards the purchase of stock units that would immediately vest. The plan provided that upon termination, vested ... [more] Full article
Ontario Court of Appeal Affirms Employer’s Duty to Provide Honest Reasons for Dismissal
In Krmpotic v. Thunder Bay Electronics Limited, 2024 ONCA 332, the Ontario Court of Appeal upheld a Superior Court of Justice decision confirming that the duty of honest performance applies ... [more] Full article
The Supreme Court of Canada Provides Guidance on Interpreting Exclusion Clauses
In Earthco Soil Mixtures Inc. v. Pine Valley Enterprises Inc., 2024 SCC 20, the Supreme Court of Canada restored an Ontario Superior Court of Justice decision concerning a dispute between ... [more] Full article
Lying to home insurer regarding living expenses leads to denial of entire claim
The Ontario Court of Appeal recently upheld a trial judge’s decision to deny a plaintiff’s entire claim under her home insurance policy. The plaintiff made a false declaration to her ... [more] Full article
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