REPRESENTING EMPLOYERS AND EMPLOYEES IN OTTAWA, CANADA
2200 Prince of Wales Drive,Suite 401
Ottawa,ON K2E 6Z9
Tel: (613) 225-4400 Fax: (613) 319-0536
New Location:
1116 Wellington Street West, Ottawa, Ontario K1Y 2Y7
Stock Options
Stock options can be a lucrative and valuable employee benefit but are often misunderstood or confusing. Employees should always request copies of all stock and/or share option plans before starting their employment. We can sit with you, review these plans to ensure they are in your best interest and that you understand your rights as an employee.
Generally a stock option is a right to a share, exercised during your employment.
Most disputes about stock options occur after employment ends, whether on your terms or the employers. While courts have traditionally been restrictive, limiting an employee's entitlement to exercise stock options
Stock options can be a lucrative and valuable employee benefit but are often misunderstood or confusing. Employees should always request copies of all stock and/or share option plans before starting their employment. We can sit with you, review these plans to ensure they are in your best interest and that you understand your rights as an employee.
Generally a stock option is a right to a share, exercised during your employment.
Most disputes about stock options occur after employment ends, whether on your terms or the employers. While courts have traditionally been restrictive, limiting an employee's entitlement to exercise stock options following notice of termination, in recent years they have applied a more liberal approach.
We know losing your job is both a personal and financial burden and we will ensure your rights are protected and you receive all the compensation you are entitled to.One of the advantages of working for a publicly traded company or one which intends to go public is stock options. Used as part of a comprehensive remuneration package stock options are often more valuable then an employee's salary.
Generally employees are granted stock options at the inception of employment or as a reward. The exercise price of a stock option is typically the market price of the share at the time it is given. Depending on the details of the stock option plan employees receive a portion of the grant over a pre-determined time as part of a long term incentive plan to encourage the employee to stay with the organization. Employees are entitled to exercise the stock options according to the vesting schedule.
In Ontario the Court of Appeal in Veer vs. Dover Corp. established, absent language within a stock option plan which clearly indicates options end when an employee is advised of the termination of their employment, the law requires the employer to continue to allow stock options to vest over the reasonable notice period. Furthermore, an employee will be permitted to exercise all vested options until the end of the notice period.
We can help you determine what rights you have to stock options and ensure your interests are protected.
following notice of termination, in recent years they have applied a more liberal approach.
We know losing your job is both a personal and financial burden and we will ensure your rights are protected and you receive all the compensation you are entitled to.One of the advantages of working for a publicly traded company or one which intends to go public is stock options. Used as part of a comprehensive remuneration package stock options are often more valuable then an employee's salary.
Generally employees are granted stock options at the inception of employment or as a reward. The exercise price of a stock option is typically the market price of the share at the time it is given. Depending on the details of the stock option plan employees receive a portion of the grant over a pre-determined time as part of a long term incentive plan to encourage the employee to stay with the organization. Employees are entitled to exercise the stock options according to the vesting schedule.
In Ontario the Court of Appeal in Veer vs. Dover Corp. established, absent language within a stock option plan which clearly indicates options end when an employee is advised of the termination of their employment, the law requires the employer to continue to allow stock options to vest over the reasonable notice period. Furthermore, an employee will be permitted to exercise all vested options until the end of the notice period.
We can help you determine what rights you have to stock options and ensure your interests are protected.
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