In what circumstances will a share interest in a company be considered a term of employment?
British Columbia, Canada
The following excerpt is from Bennett-O'Brien v. Village Green Inns Ltd., 1998 CanLII 3927 (BC SC):
In Robertson v. Weavexx Corp., supra at p. 389, as cited in Wallace, supra, it was found that the discussions which took place between the employee and the employer suggested that long-term employment was in the contemplation of the parties. While these discussions ultimately lacked contractual force, they were found to be relevant on the issue of reasonable notice. In the case at bar the possible share interest never became a term of employment because of the introduction of a term that was not discussed as a possibility at the outset. The possibility of share ownership continued throughout the plaintiff's employment.
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