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ARTICLE · 18 SEPTEMBER 2024

Executive Compensation In Wrongful Termination Cases: Is Everything Negotiable, Including Contractual Benefits?

Hum Law Firm
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As an employee, it is important to understand how your contractual benefits work in wrongful termination cases. Recent developments in Canadian employment law have brought attention to this issue...

CanadaEmployment and HR
Lai-King Hum
Lai-King Hum

As an employee, it is important to understand how your contractual benefits work in wrongful termination cases. Recent developments in Canadian employment law have brought attention to this issue, and it can have significant financial consequences for employees, especially those in executive positions. In one case, the court awarded an employee a bonus of  over $1 million under a long-term incentive plan. In another case, the court granted the employee  travel privileges valued over $1.8 million. If you are not aware of your entitlements, you could be leaving a lot of money on the table during negotiations if your employer has not structured your severance package correctly.

What Counts as Contractual Benefits?

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