Mergers and acquisitions of companies and their assets occur on a regular basis. Sometimes the entire company is acquired by way of a purchase of the shares. At other times, only the assets of the company are purchased, leaving ownership of the company intact. From an employee's point of view, this distinction can be important … Continue reading What will happen to my job now that the business has been sold?
When an individual's employment is terminated, even though he has not done anything to warrant termination (i.e. dismissal without cause), the employee is entitled to reasonable notice - working notice, pay in lieu thereof, or a combination of the two. During the notice period, the employee is entitled to receive compensation for every aspect of … Continue reading Bonuses: Do you know what you are entitled to when you are let go from your job?
Generally speaking, employment agreements are either for an indefinite term or a fixed term. Either the employment relationship continues until the employer or the employee ends the relationship, or the employment agreement specifies a date when the employment relationship will end. A contract position to cover for a maternity leave is a good example of … Continue reading Did You Know That The Early Termination of a Fixed Term Contract Requires Special Attention?