Agreement remains in force after takeover

Contract that stipulated six-month severance package in event of takeover holds up in court
By Peter Israel
|Canadian Employment Law Today

The recent decision of the Alberta Court of Queen’s Bench in

Nystoruk v. Precision Diversified Services Ltd.

highlights and clarifies a number of issues which regularly arise in employment law cases, especially as they relate to takeovers and the buying of one company by another.