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Wrongful dismissal: Employee's share option survived his wrongful dismissal

This report relates to 1 case(s)

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    Levett v Biotrace International plc [1999] IRLR 375 CA (0 other reports)

In Levett v Biotrace International plc 10.2.99 Court of Appeal, the Court of Appeal holds that, because a company had terminated a share option holder's employment in breach of contract, the company could not rely on that wrongful dismissal to say that the share option had lapsed pursuant to a rule of its share option scheme. Nor was there anything in the scheme rules as a whole compelling the conclusion that it was intended that the company could rely on its own breach of contract to bring the dismissal within the particular rule.