Articles & Media

SCC Rejects Appeal: Confirms Delayed Vesting Effective in Long Term Incentive Plans


By Vicki Giles and Hugh McPhail Q.C.

We previously reported on the Styles v. Alberta Investment Management Corporation decision of the Court of Appeal.

On June 1, the Supreme Court of Canada refused Mr. Styles’ request for leave to appeal. The decision of the Court of Appeal therefore stands and Mr. Styles’ claim for the value of long term incentive plan units which had not vested at the time of his termination of employment is dismissed.

Vicki Giles and Hugh McPhail, Q.C. were counsel for the successful employer.

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