Costs and pre-judgment interest on equity compensation also hotly disputed
An Ontario court has ordered an employer to pay for stock options and RSUs that would have vested during a wrongful dismissal notice period.
Kevin Liggett was dismissed from his role at Veeva software Systems Inc. and Veeva Systems Inc. and took the matter to court. In a summary judgment decision rendered on October 7, 2025, Justice Des Rosiers of the Ontario Superior Court of Justice found that Liggett was entitled to a six-month notice period. The court also ruled he was entitled to compensation for Restricted Stock Units (RSUs) and stock options that would have vested during that notice period.
The parties agreed on most of the amounts owed after the judgment. What they could not agree on was costs and how to calculate the pre-judgment interest on the equity compensation.
Liggett claimed $58,110.13 in costs on a partial indemnity basis. The defendants said $45,000 was more reasonable.
Justice Des Rosiers reviewed both parties' bills of costs and weighed the factors under Rule 57.01 of the Rules of Civil Procedure. The court noted the plaintiff was "mostly successful on his claim although he did not achieve all that he claimed in his action." It also noted that "arguments had to be marshalled on many issues: validity of the termination clause, notice period, and the contractual availability of RSUs/stock options during the notice period."
The issues mattered to both...
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