ARTICLE
2 November 2021

Forfeiture And Termination Clauses (Video)

GW
Gowling WLG

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
Employers rely on forfeiture clauses in equity and incentive plans, as well as on contractual termination clauses, to limit their termination-related liabilities.
Canada Employment and HR

Employers rely on forfeiture clauses in equity and incentive plans, as well as on contractual termination clauses, to limit their termination-related liabilities. But our courts are increasingly willing – even eager – to find new reasons to invalidate those clauses. The cumulative effect of recent court decisions has been game-changing, in terms of exposure to liability.

Our experienced panel discuss how these cases impact the drafting and enforceability of these clauses. Our panel will guide you through the practical steps that employers should take to reduce the risk of invalidation — from updating templates to overhauling your communication, delivery and sign-off strategies.

Watch previous episodes

This on-demand webinar is part of our 2021 Employment, Labour & Equalities Law Webinar Series. Watch more from the series »

 

CPD Information

*This program is eligible for up to 1.5 hours of substantive CPD credits with the LSO, the LSBC and the Barreau du Québec, and may be eligible for up to 1.5 hours of CPD/CLE credits in other jurisdictions. If you require a certificate of participation, please contact Shannon Wadsworth.

Read the original article on GowlingWLG.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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