The appellant, Johnson Controls Canada LP, appealed a summary judgment that awarded the respondent, John Maynard, full entitlement under his employment contract, including the value of Restricted Stock Units (RSUs).
Maynard was terminated without cause, and his compensation included RSUs subject to a forfeiture provision he was unaware of.
The motion judge found the exclusion of RSUs from the termination payment calculation breached the contract.
The Court of Appeal dismissed the appeal, affirming that Johnson Controls could not force Maynard to sign a release based on an improperly calculated amount and that the RSUs were part of his compensation entitlement.