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Stock Options: Extending Employee Ownership Rights


Lawyer Joe Conforti
Area Employment and Labour


Article originally published in Executive Employment,  Volume XIII, No. 4, December 2007

Excerpt from "Stock Options: Extending Employee Ownership Rights":

In dealing with a wrongfully dismissed employee's right to exercise stock options and damages for the lost opportunity to purchase shares under a stock option plan, courts have consistently viewed stock options as contracts and have determined that an employee's entitlement following termination of employment depends on the interpretation of the terms and conditions of the specific stock option plan and agreements involved.

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