Sentences with phrase «upon termination of employment»

We consider awards to have double - trigger vesting when they vest upon termination of employment following a change of control.

The main exception is if the employer has an established severance plan which binds them to offer a settlement upon termination of employment.

Employees are entitled to employment benefits under the Employment Standards Act, 2000, and may also be entitled to severance pay upon termination of employment.

Also, the loan becomes immediately due upon termination of employment, even if the termination was involuntary (i.e. the employee was laid off or fired).

Some employers give you the choice upon termination of employment, while others provide the choice at the time you start retirement, but there's no legal requirement either way, Nunes says.

The Court emphasized that, despite being discretionary, the decision to deny or grant a bonus upon termination of employment should be done in a fair and reasonable manner.

The employment agreement purported to abrogate Ms. Wood's common law rights upon the termination of her employment with the following language:

For some time, the employment relationship has been held to a standard of good faith and fair dealing, at least in respect to the administration of the employment contract and especially upon termination of employment.

Does the termination clause entitle the employee to 19 weeks» notice upon the termination of his employment?

The legal obligation to make employee whole during the notice period can be modified if the employee's employment contract provides for another period of notice will be provided to the employee upon termination of employment.

Damages payable upon termination of employment may include benefits during the reasonable notice period, including any bonuses and other incentives that would otherwise have fallen due during that period.

ABM Canada countered that the employment contract clearly set out Miller's entitlements upon the termination of employment and that Miller was entitled only to the payment of two weeks of salary, the six - per cent pension contribution and two weeks of car allowance.

Whether a lump sum payment to settle three grievances, paid to McLaughlin upon termination of his employment, was salary - based and, therefore, pensionable.

Given the length of time Musoni worked for Logitek, he might have actually been entitled to three - and - a-half months pay upon termination of employment, not two - weeks salary, says lawyer Sean Bawden of Kelly Santini LLP in Ottawa.

In addition, Roth and non-Roth account balances are combined to determine whether a participant's vested accrued benefit is $ 5,000 or less, allowing the account to be involuntarily cashed - out upon termination of employment.

In order to provide a greater level of certainty, federal employers should consider including language in their written employment agreements that limits the amount of notice and severance the employee is entitled to upon termination of employment, but ensuring that this language provides for at least the minimum amounts required by the Code.

Members of the Employment Law Group work with our clients from the inception of employment, during the course of the employment relationship, and upon termination of employment, on various issues that include:

Also, upon termination of employment, the employee usually does not convert their term life coverage to a permanent life insurance policy, because the premiums are much higher.