Click here to bookmark Clausehound and search for clause/contract language

4 Ways You Can Make Ontario’s ESA Work Better for You

There are only four allowable circumstances in which an employer and employee may enter into an agreement to vary from the Ontario Employment Standards Act (ESA) standards. All agreements should: ...

Ontario: Statutory Requirements for Employee Hours

Last updated Jan, 2018. After the standard exchange of “hello”s and “how are you”s when meeting someone for the first time, it won’t be too long until an awkward lull in the conversation ...

Are volunteers unpaid interns or employees?

Are Volunteers Unpaid Interns or Employees? (Or...How to "Hire" a Volunteer). The job market in a number of professions such as marketing, legal and non-profit has become increasin...

What Makes a Contract Enforceable?

It’s your average Saturday night in the big city. A woman meets a man at a bar. He offers to buy her a drink. She happily accepts and they exchange phone numbers. The next morning, the wom...

What legal documents do I need for on-boarding employees and directors to my start-up?

As your startup grows, you will find yourself needing to hire more and more people. If you’re bringing employees onto your team it’s important to have a solid employment agreement ready to go, wit...

Shhh….Secrets of Organizational Success for Articling Students and Newly Called Lawyers

Clausehound bloggers have mentioned in previous articles that the life of an articling student can be quite daunting, with a steep learning curve. It’s important to remember that your call to the ba...

4 Important Points to Remember about Wrongful Dismissal

Whether you are a valued employee dismissed for wrongful reasons, or an employer who has essentially been forced to dismiss an employee without any bad faith, Coppola v Capital Pontiac Buick Cadillac ...

Blog Bite: No Intention to Repudiate Employment Agreement Found in the Dismissal of Former Employee

An Ontario decision recently decided that General Motors of Canada Ltd ("GM") did not commit a breach of an employment contract with a former employee. The Court of Appeal stated that the absence of...

Employers Beware: Does Your Employee Owe a Fiduciary Duty Post-Termination?

  A recent Ontario Court of Appeal decision affirmed that employees who play a vital role in a company owe a fiduciary duty to their employer even after termination. In GasTOPS Lt...

Emailgate: How an NDA is Affecting the Presidential Election

  About a week ago, the Federal Bureau of Investigation announced that it would not be pressing charges against Hillary Clinton for her use of a personal email during her tenure as S...

Sign This or Lose Your Job! Can My Employer Really Do This?

The Employee’s Perspective Imagine coming to work one day and being told by your employer that you have to sign a contract that changes the terms of your employment (for the worse) or be fired. S...

Drag-along Provisions Allow for Future Flexibility

If there is a bona fide takeover bid from a third party, a majority of the shareholders can agree to the take-over on behalf of all shareholders due to the drag-along provisions. These provisions requ...

Paying with Shares: The Employee’s Perspective

Introduction What makes a stock option plan or agreement attractive to an employee? The short answer is - the opportunity to make money!   There are three basic ways for an employee to m...

Paying With Shares: The Employer’s Perspective

Introduction Your startup is thriving but you still have more goodwill than cash, and you need to retain your talent. You can’t afford to raise their pay - what can you do? Many c...

The Purpose of a Stock Option Plan

Stock options are often issued as a part of a company’s incentive program to the company’s and its subsidiaries’ key persons who are working on the company’s projects. The purpose of the stock...

Option Plan Incentives Tied Directly to New Corporate Objectives – Cash Payments Eliminated for Directors

The Board of Calico Resources set new corporate objectives and revised its executive compensation policy to align with those objectives. As part of the new compensation plan, cash payments to director...

Drag-along Provisions: How, When, Why

Drag-along provisions are clauses in a stock option plan or some other form of agreement which grant investors and shareholders the right to compel the founders and other stockholders to vote in favor...

Adjustment Clause in a Stock Option Plan Allows Flexibility for Future Change

Triton Emission Solutions appointed a new director and Chairman of the Board. His compensation included a stock option plan. The options were exercisable at $.50 per share.The stock option plan provid...

Stock Option Plans Can Help Motivate and Retain Key Employees

SSH Communications launched a new stock option plan to give their employees incentives to work harder and stay longer with the company. The assumption is that the employee option holder will want to d...

Utilities of a Reverse Stock Split

A reverse stock split reduces the number of shares that a company has and is intended to increase the per-share trading place. This can be used to increase the value that each share has, minimize the ...

Tips and Tricks: How to Compensate a New Team Member in Equity

Start-up companies often struggle with the valuation calculation, and how to determine the number of shares to issue to a new team member. A good place to start when thinking about this a...

Cashing in on Cashless Exercise of ESOP’s

One of the best ways to increase stockholder value is to make each employee a stockholder, and get each employee to "think like a stockholder". This has motivated many companies to offer broad based e...

Can ESOP’s Help Improve the Financial Position of the Middle Class?

According to this article, from 2000 to 2012 productivity went up about 25%, but wages increased only about 7%. Where is the wealth going? Most US citizens do not realize that most federal tax incenti...

Employee Stock Ownership Plan Characteristics

If you’re trying to decide between compensation strategies, “cash is king”.  However, for both early stage companies where cash may not be readily available, and also to later stage companies i...

Sleep Train ESOP Terminated after Takeover by Mattress Firm

Under Sleep Train's ESOP, employees acquired 26% of the shares of the company. Sleep Train had contributed funds out of its profits to purchase shares for employees under the ESOP, the intention being...
All Jurisdictions Announcements API Articles of Incorporation Asset Purchase Agreement Australia Board of Directors Business Canada (General) Canada (ON) Case Law CASL Clausehound Collaboration Commercial Lease Confidential Information Confidentiality Confidentiality Agreement Consulting Agreement Contract Drafting Corporation Costs and Expenses Dispute Resolution Distribution Agreement Employment Employment Agreement Entire Agreement ESOP Events Governing Law Indemnity Independent Contractor Intellectual Property Intellectual Property Transfer Investor Investor Term Sheet IP Transfer Joint Venture Agreement Journey Learn Letter of Intent Liability Limitation of Liability Long Form Marriage Contract Master Services Agreement Memorandum of Understanding Nature of Relationship Nature of Release NDA Non-competition Not for Profit Articles of Incorporation Ownership of Intellectual Property POTL Privacy Privacy Policy Promissory Note Releases Representations and Warranties Services Shareholder Agreement Shareholders Agreement Share Purchase Agreement Software Development Start-up Technology Termination Term Sheet Terms of Use Trademark Registration Transfer of Intellectual Property UK USA Waivers and Releases Website Terms of Use
Show All Tags