Blackout Leave Of Absence Agreement

Aug 6th, 2022
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How to Blackout Leave Of Absence Agreement

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In a discussion about medical leave, employment lawyer Alex Luchaffaro clarifies that employees cannot be punished or fired for taking a medical leave of absence due to illness or injury. Such actions are considered discrimination under the Human Rights Code and violate Ontario's employment standards. This protection applies regardless of whether the injury or illness occurs at work or outside the workplace. Luchaffaro emphasizes the importance of understanding these rights for employees facing medical issues.

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Blackout Period means a period of time during which the Participant cannot sell Shares, due to applicable law or policies of the Company in respect of insider trading. Blackout Period has the meaning set forth in Section 2.01(d).
Employers sometimes expressly limit PTO requests for specific periods. During these times, often called blackout periods, employers do not allow any employees to take time off. Blackout dates are common around the holidays because many businesses see large increases in demand and need to have all their staff available.
The length of time for a blackout is not limited by law. If the blackout is expected to last for more than three days, a notice of it must be given to the employees. 1 However, the blackout period can last for weeks or even months. A blackout period may be imposed because a plan is being restructured or altered.
A blackout period is a period during which a business prevents its employees from taking annual leave. These periods usually coincide with major holidays when businesses are busiest. As a result, businesses may want to implement a blackout period to ensure they have adequate staff.

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