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Bonuses

"Downsizing and Sale of a Business Unit"

"Downsizing and Sale of a Business Unit" is the title of a paper prepared by a lawyer at Clark Wilson LLP in Vancouver.

It provides a comprehensive overview of issues to consider when terminating/transferring employees as part of a corporate transaction and ends with a useful summary of "what the vendor wants" and "what the purchaser wants" in order to minimize their respective exposure to claims by employees. 

Production Manager at pulp mill entitled to 20 months notice

Jurisdiction: - British Columbia
Sector: - Forestry

Mr. Zaitsoff was dismissed without cause from his position as a Production Manager at a pulp mill in Castelgar. He was 46 years old and had worked at the mill for 19 years. He had four people reporting directly to him and 215 indirectly reporting. He earned $142,000 per year.

Notice Period

In relation to the fourth "Ansari" principle, the plaintiff pointed to the lack of available jobs in the pulp and paper industry, particularly in the current economic downturn.

In awarding the plaintiff 20 months, the court stated that while the lack of available employment opportunities resulting from a depressed economy is a factor to be taken into account, it “must not be given undue emphasis”.

Discounted Notice Period
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"Executive Employment Terminations"

Jurisdiction: - Alberta

Lawyers Brian Thiessen and Scott Sweatman, at the Calgary office of Blake, Cassels & Graydon LLP, have written a paper on "Executive Employment Terminations" (May 28, 2008). The paper focuses on issues pertaining to: (1) Stock Options; (2) Bonuses; and (3) Pension Entitlements.