09/03/2026
One of the key issues in Warren v. Canaccord Genuity Corp. was bonus compensation during the reasonable notice period. Rather than relying only on the employee’s historical earnings, the Court considered compensation paid to the individuals who replaced him. This comparator approach substantially increased the damages award.
For employers, the decision is an important reminder that executive terminations require careful planning, especially where compensation includes bonuses, incentives, discretionary payments, or performance-based earnings.
For employees, it highlights why a termination package should be reviewed carefully before anything is signed, particularly where compensation includes more than base salary.
Read Part 1 of our Wrongful Dismissal Litigation Risks Series here: https://heyor.ca/6kh06c
Minken Employment Lawyers (Est. 1990) regularly advises employers and employees on wrongful dismissal claims, executive terminations, bonus disputes, employment agreements, and litigation risk management.
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