Answering a query, the company spokesperson said, "It is crucial to note that requiring employees to forfeit unvested restricted stock units prior to the end of the statutory notice period may still violate the ESA where the unvested restricted stock units are settled in cash. That is, where the employees receive a cash payment equal to the value of the particular shares once they vest, rather than actual shares. This is because restricted stock units, which are settled in cash, would likely constitute monetary remuneration and wages for the purposes of the ESA."

Typically, the attorneys at Hyde HR Law provide representations that are tailored to the unique needs and concerns of each client. They are mindful that the dispute is usually the client's, and, therefore, it is the client's objectives and goals that must be addressed. To do that, they value close engagement with their clients at an early stage in the dispute process. This allows the firm to gain a deeper insight into their employment case at hand, as well as the various surrounding factors influencing the dispute. The end result is a cost-effective strategy tailored to their client's objectives, specifically to minimize legal costs.

The company spokesperson added, "Accordingly, employers should carefully consider this risk prior to implementing equity incentive plans where restricted stock units are settled in cash, as this may greatly increase their termination-related liabilities. For more insights, clients can contact us."

Other than just representing clients when a legal dispute has already been initiated, the workplace lawyer Toronto at Hyde HR Law also offers expert legal counsel to employers on drafting employment contracts and workplace policies so as to minimize legal risks and ensure regulatory compliance. More so, they also prepare and deliver workplace training to employees on bullying, harassment, and discrimination as a way of minimizing their clients' liability. All these offer employers a proactive approach to maintaining a compliant and positive workplace. So, for those in need of invaluable assistance for navigating the complexities of employment law, the law firm is the go-to place to find one.

About Hyde HR Law

Hyde HR Law is a law firm that helps one understand their legal obligations and ensure that their various practices and policies are in compliance with employment laws. They house nationally recognized employment attorneys who bring to the table the kind of attention to detail, commitment to quality, and drive for excellence that underlie their success in client representation. In fact, its founder, John Hyde, was previously the managing partner of the best-known employment law firm in Canada.