Article content
By Howard Levitt and Michael Penner
In employment law in recent years, almost on a daily basis, lawyers are lauding or lamenting new court decisions regarding the validity of termination clauses. Most recently, in British Columbia, the business community and the lawyers who assist them were singing the praises of the Court of Appeal decision in Egan v. Harbour Air, which seemingly moved the needle in favour of employers who rely on termination clauses to significantly reduce their financial obligations when firing employees without cause.
Advertisement 2
This advertisement has not loaded yet, but your article continues below.
Trending
-
Bank of Canada 50-bps-cut not a 'sure thing': Economists on the jobs numbers
-
Canada's banks should prepare for the risk of a failure, says C.D. Howe expert
-
Moment of reckoning for TD fails to lift cloud of uncertainty, analysts say
-
Mortgage hunters are banking on a big drop in rates, but be warned — they could yo-yo
-
Mortgage rates below 4% can still be found in some provinces, but get 'em while they're hot
Article content
While this issue, at first blush, may seem arcane to anyone outside of the legal cloister, it has a significant impact upon workers being let go from long-term (or even short-term) employment. This is especially true of the baby boomer generation, many of whom have worked for a single employer for twenty years or more and risen to senior positions.
Given their vintage, their...
Read Full Story:
https://news.google.com/rss/articles/CBMikgFBVV95cUxQY3YyS052aWo1c01iR0gyd2M3...