Giving permission to calendar folder by
set-MailboxFolderPermission user:\calendar -User manager
not works when the Manager tries to open user's calendar by url
https://server/owa/user@smtp.com/?cmd=contents&module=calendar
Manual from Exchange 2007 (either should work for Exchange 2010):
http://exchangeshare.wordpress.com/2009/06/15/how-to-open-shared-calendar-in-owa/