Dear Sirs:
Re: Share Purchase Arrangements on Employment Termination
This is in reply to your letter dated November 20, 1990 in which you requested our views as to whether amending a shareholders agreement would be considered to be a benefit to an employee/shareholder. We apologize for the unavoidable delay in responding to your request.
As discussed during our telephone conversation of June 5, 1991 (Vanasse 19(1) we are unable to express an opinion in the absence of all relevant agreements and other documentation pertaining to your hypothetical situation. Your intention is to prepare a new submission in the future which would include all the relevant documents and therefore, as agreed, we will close your current file.
Yours truly,
for DirectorGeneral and Business DivisionRulings DirectorateLegislative and Intergovernmental Affairs Branch