Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Cboldt

It was a legal contract however, is their some new rule that I was unaware of that only retention bonus contracts need to be enforced? Kind of picking and choosing aren’t you. It was legal contract. AIG had no problem breaking it did they?


86 posted on 03/25/2009 8:32:37 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
[ Post Reply | Private Reply | To 85 | View Replies ]


To: nyconse
-- Kind of picking and choosing aren't you. --

That's the nature of contracts and life in general. Read the details, pick and choose, etc. Some creditors get paid, others negotiate reduced rates, some lose completely. Picking and choosing makes sense, whereas attempts to cast all contracts as "the same" (as to violability) does not make sense.

-- It was legal contract. AIG had no problem breaking it did they? --

We don't know that they did break it. They settled with the plaintiff for an undisclosed amount, which may simply be an indication that it was cheaper to pay (max 1.3 million) than to duke it out in a federal district court. The contract may have had termination clauses in it, where the employee's right to a payout is contingent on being employed in the unit that gets the payout at the time the payout is made.

90 posted on 03/25/2009 8:40:34 AM PDT by Cboldt
[ Post Reply | Private Reply | To 86 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson