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Ontario Court Of Appeal Addresses Termination Clauses And The Enforceability Of Equity-Based Compensation Language
The Ontario Court of Appeal recently released its decision in Wigdor v. Facebook Canada Ltd., addressing two significant issues for Ontario employers: the enforceability of termination clauses that purport to limit an employee's entitlements, and the application of the Employment Standards Act, 2000 (ESA) to equity-based compensation documents such as Restricted Stock Unit (RSU) agreements.
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