The Policy Statement is written in compliance with the provincial Employment Standards Act, Human Rights Code and Charter of Rights of Canada. Policies covered in the Statement include:
- probation period,
- employee's covenant as to accuracy of information provided,
- performance standards,
- overtime, out-of-pocket expenses,
- bonuses and benefits,
- education subsidies,
- holidays and vacations,
- sick days, disability and long-term illness,
- equal opportunity,
- harassment,
- criminal conduct,
- confidentiality and noncompetition.
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Ontario Key Personnel One-Off Grant of Stock Options
Give your key personnel an incentive to stay with the company by issuing them stock options. This One-Off Grant of Stock Options template is for Ontario corporations.
- The grant of option is for a percentage of the participating common shares on a fully diluted basis.
- Option shares are non-voting, but they otherwise have all the same rights as the other common shares.
- The option vests fully immediately upon issue of the grant, however, the optionee must be employed by the company to exercise all or any part of the option.
- Unexercised options expire 90 days after the death of the optionee.
- This template is downloadable and fully editable to fit your business needs.
- Intended for use only in the Province of Ontario, Canada.
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Ontario Sweat Equity Agreement
Offer shares for services provided to your company with this Sweat Equity Agreement for Ontario businesses.
- Shares in the company are offered to an independent contractor who will provide services to the company in exchange for an option to purchase shares.
- The contractor will not be paid any fees for the services but will be reimbursed for pre-approved expenses.
- The share option will vest after the services have been fully performed, provided the contractor is not in default under the agreement.
- Upon purchase of the shares, the contractor agrees to become a party to the company's shareholder agreement.
- This is a downloadable legal form template which is fully editable to fit your business needs.
- Intended to be used only in the Province of Ontario, Canada.
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Employee Noncompetition and Nondisclosure Agreement
Protect your confidential information against unauthorized use by a current or past employee with this Noncompetition, Confidentiality and Nondisclosure Agreement.
- All new employees should sign the agreement prior to commencing employment.
- You should also have your current employees execute a copy of the Agreement as well.
- The employee agrees to keep all proprietary information and data belonging to the employer confidential during and after the term of employment.
- The employee covenants not to work for any business competing with the employer's business for a specified period of time after the termination of employment.
- This is a generic legal form which does not contain references to any specific laws or regulations.
Don't lose your competitive edge to an ambitious ex-employee. Buy the Employee Noncompetition, Confidentiality and Nondisclosure Agreement for your business today.
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Shareholder Buy-Sell Agreement (Corporate Redemption Method) | Canada
Would your business survive the death or retirement of one of the owners? Provide for the continued existence of the business with this Canada Shareholder Buy-Sell Agreement (Corporate Redemption Method).
- The corporation obtains life insurance policies on each of the shareholders and uses the proceeds to fund the redemption, acquisition or cancellation of the corporation's shares.
- Upon the death of a shareholder, the corporation redeems the deceased shareholder's shares and makes an election that the deemed dividend is to be paid from the capital dividend account to the extent possible.
- The Agreement contains several different options for methods of valuating the shares.
- The Agreement is made pursuant to the Income Tax Act (Canada).
- This Shareholder Buy-Sell Agreement (Corporate Redemption Method) is available as a downloadable and fully editable MS Word template.
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Customer Confidentiality Agreement
Does your business require you to sometimes disclose proprietary information to a customer? Have them sign this Confidentiality Agreement before providing the information.
- Under the Agreement, the customer agrees not to disclose any of your company's confidential information, and to use all reasonable means to protect and safeguard such information.
- The customer also agrees not to interfere with the company's business or solicit employees or other customers of the company.
- This is a generic legal template which does not contain any references to specific laws and can be used in many jurisdictions.
Never disclose trade secrets or other proprietary data to anyone, not even a long-time customer, without getting a signed Confidentiality Agreement first. Buy and download the form, then use it as often as you need to.
