Matthews"). Two recent Ontario cases provide clarity for employers as to (a) what equity entitlements are considered income, benefits or bonuses for the purpose of this test, and (b) what language is sufficiently clear and unambiguous to take away or limit an employee's entitlement to income, benefits or bonuses during the reasonable notice period. Shareholdings Are Not Necessarily Employment Entitlements The decision In Mikelsteins v. Morrison Hershfield Limited, 2021 ONCA 155 (" Mikelsteins") represents the first reconsideration on the issue of termination entitlements in the incentive compensation context by Ontario's Court of Appeal ("ONCA") in accordance with Matthews. Background Mr. Mikelsteins (the "Employee") was one of a select