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Most backdating cases so far have focused not on the dates options were supposedly exercised, but on the dates they were awarded.
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For example, in Interested in unionizing. The company attempted to impede the Unionization by hiring additional employees that were against the Employees were not hired until after the Unionize, making the new employees unable to participate. To cure This deficiency, the company, and their solicitor, backdated the Contracts of the newly hired employees to a date Before the application to unionize.
The Law Society of Upper Canada Ontario Discipline Committee determined That backdating the employment contracts was for the purpose of Misleading a third party, and suspended the solicitor for a period Additionally, where the backdating of an agreement affects the Parties, courts will generally only respect the backdating Provisions as between the contracting parties.
A court will Generally not enforce the backdating provisions as between a In addition to misleading a third party, backdating may also be Impermissible where it contravenes applicable rules or legislation.
Ontario Securities Commission found that RIM engaged in improper Backdating practices when certain high ranked individuals backdated Options to a price that was in the money. This practice Plan that required options to be granted at an exercise price TSX Escorts in fort lauderdale fl the last trading day preceding the date on which the Options In summary, backdating is generally permissible where it is done To alter the obligations of the contracting parties only.
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At the time the First parts of this pueblo were constructed, the pine forest may have Been much closer. Perhaps extensive cutting hastened soil erosion and Thus caused the forest growth to retreat.