Labour Court disallows Elan Corporation worker’s appeal over share options

The Labour Court disallowed a worker’s appeal over the treatment of share options after redundancy at Elan Corporation, affirming the Rights Commissioner’s recommendation. The decision was dated 19 September 2005. The worker said the company changed the redundancy rules and treated share options unfairly. Elan Corporation said Category B workers received enhanced options because they stayed on to help with business divestments, while the claimant was in Category C. The Court found that the company had disclosed the categories, used rational and objective criteria, and that the worker did not meet the Category B criterion.