Ontario Court of Appeal overturns award of more than $900,000 for discontinued fund compensation for fired employee due to incentive plan language
In Manastersky v. Royal Bank of Canada, the Ontario Court of Appeal (OCA) considered the important question of whether a terminated employee is entitled to be awarded damages in lieu of a lost opportunity to earn incentive plan compensation during the reasonable notice period. The OCA’s decision indicates that the answer lies in the contractual language of the incentive plan, which must be strictly examined.
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