Canada:
SCC Rejects Appeal: Confirms Delayed Vesting Effective In Long Term Incentive Plans
14 June 2017
McLennan Ross LLP
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We
previously reported on the Styles v. Alberta Investment
Management Corporation decision of the Court of Appeal.
On June 1, the Supreme Court of Canada refused Mr. Styles'
request for leave to appeal. The decision of the Court of Appeal
therefore stands and Mr. Styles' claim for the value of long
term incentive plan units which had not vested at the time of his
termination of employment is dismissed.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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