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Continued stock option entitlement following termination

May-1-2001

Area Employment and Labour

Summary


In the event of a termination of employment without cause, an employer must provide the dismissed employee with notice of termination, or payment in lieu of that notice. Employees are also entitled to the continuation of the “benefits” of their employment during the notice period. This continuation is based upon the principle that for benefit purposes, an individual will retain their status as an employee throughout the notice period, following termination of employment.

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