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21 May 2024, 5:00 am by Written on behalf of Peter McSherry
Failure to act in good faith throughout the process of termination may have serious consequences for any employer, as exemplified by the recent Ontario Court of Appeal decision in Krmpotic v Thunder Bay Electronics Limited. [read post]
21 May 2024, 5:00 am by Written on behalf of Peter McSherry
Failure to act in good faith throughout the process of termination may have serious consequences for any employer, as exemplified by the recent Ontario Court of Appeal decision in Krmpotic v Thunder Bay Electronics Limited. [read post]
20 May 2024, 9:01 pm by renholding
Historically, this has been accomplished via a call option on direct investments and vested incentive equity awards (in “good leaver” situations) at fair market value at the time of departure, ceasing participation in future appreciation, and payable with either cash and/or a note. [read post]
In making this finding, his Honour clarified that Auto & General’s rights to refuse payment or reduce a claim were qualified by the duty of utmost good faith per s 13 Insurance Contracts Act 1984 (Cth) (ICA) and, in any event, s 54 of the ICA would operate to ensure that these rights would not cause a significant imbalance between the parties’ rights and obligations. [read post]