Employee equity incentive plan design (phantom equity or options)
Designing and documenting a phantom equity, option or profit-sharing plan for employees.
What is included
- Reviews the employment contract, the termination letter and any severance offer
- Assesses the reasonable notice period and whether a termination clause is enforceable
- Explains your rights under the Employment Standards Act, 2000 and the common law
- Negotiates a severance package or settlement with the other side
- Starts or defends a wrongful dismissal lawsuit if needed, including mediation and trial
- Reviews any release before it is signed
What is not included
- Court or tribunal fees, reports and other disbursements
- Tax or pension calculations, unless the lawyer agrees to provide them
- Steps beyond the scope confirmed in writing, such as a trial or an appeal
- Work by NEO Legal Services: NEO is a paralegal firm and only makes the referral
Who this service is for
- Employees who have been dismissed, demoted or mistreated at work
- Executives and senior employees negotiating contracts or exits
- Employers managing hiring, policies, terminations and disputes
- Unions, unionized employees and employers in labour matters
Information to have ready
- 1The employment contract, offer letter and any amendments
- 2Any termination letter, release or severance offer
- 3Pay stubs, T4s and details of bonuses, commissions and benefits
- 4Emails, notes or other records of what happened
- 5Workplace policies or the collective agreement, if relevant
How a referral works
- 1Tell us in a few words what the matter is about, and who else is involved, so we can check for a conflict of interest.
- 2We recommend an Ontario lawyer for your matter, and at least one other you could choose instead.
- 3The lawyer runs their own conflict check, confirms the scope and quotes the fee, normally in a written retainer agreement.
- 4You pay the lawyer's fee to the lawyer. Any referral fee comes out of it, is disclosed to you in writing, and never increases what you pay.
NEO Legal Services Professional Corporation is a licensed paralegal firm, not a law firm. Every step of a referral, and your rights
Frequently asked questions
What does the lawyer charge?
A typical Ontario fee for this service is $3,000–$12,000, plus HST. The lawyer quotes the actual fee before any work starts. You pay the lawyer directly; the referral itself costs you nothing.
Should I sign the severance package I was offered?
Not before getting advice. Depending on your contract, you may be entitled to more than the minimum under the Employment Standards Act, 2000, and signing a release usually gives up further claims.
What is constructive dismissal?
It may happen when an employer makes a major change to your job without your agreement, such as a large pay cut or demotion, or allows a toxic workplace. The lawyer can assess whether the facts may support a claim.
Do I have to look for a new job after I am dismissed?
Usually, yes. Dismissed employees are generally expected to make reasonable efforts to find similar work, and this can affect damages, so keep a record of your job search.
General information only, not legal advice. NEO Legal Services Professional Corporation is a licensed paralegal firm regulated by the Law Society of Ontario.
Important limitations
- No settlement amount or result can be guaranteed
- Deadlines keep running while you choose a lawyer
- Federally regulated workplaces, such as banks and airlines, are covered by federal laws, such as the Canada Labour Code, rather than Ontario's Employment Standards Act, 2000
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