long-term incentive plans – Benefits Canada.com

North American companies continue to link executive pay programs to ESG measures: report

Sadie Janes — Tue, 30 Jan 2024 20:00:30 +0000

The adoption of environmental, social and governance measures in executive incentive plans continues to increase across markets, especially in North America, according to a new report by WTW. The report, which reviewed public disclosures from more than 1,100 global companies, found metrics related to human capital remained the most popular across all ESG categories, used […]

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Supreme Court decision aggravates termination clause problems for employers

mschmit — Mon, 02 Nov 2020 05:00:21 +0000

A recent decision from the Supreme Court of Canada suggests the test for employers seeking to limit recovery for unlawful termination damages related to long-term incentive plans may be insurmountable in practice. The mid-October ruling concluded that David Matthews was entitled to a payout under his incentive plan when the company was sold 13 months […]

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Ontario appeal court rules former IMAX exec may exercise stock options in reasonable period

mschmit — Tue, 21 Jan 2020 05:15:14 +0000

The Ontario Court of Appeal has ruled that a wrongfully dismissed employee could take advantage of the stock options and restricted share units that vested during the reasonable notice period, despite language in the governing plans that cancelled unvested units on termination. The case, between IMAX Corp. and a former executive named Larry O’Reilly, represented at least […]

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