Explain whether Skebba is entitled to recover

Assignment Help Business Management
Reference no: EM133573956

Kasch and his brother owned M.W. Kasch Co. Kasch hired Skebba as a sales representative and over the years promoted him first to account manager, then to customer service manager, field sales manager, vice president of sales, senior vice president of sales and purchasing, and finally to vice president of sales. When M.W. Kasch Co. experienced serious financial problems in 2009, Skebba was approached by another company to leave Kasch and work for them. When Skebba told Kasch he was accepting the new opportunity, Kasch asked what it would take to get him to stay. Skebba told Kasch that he needed security for his retirement and family and would stay if Kasch agreed to pay Skebba $250,000 if one of these three conditions occurred: (1) the company was sold, (2) Skebba was lawfully terminated, or (3) Skebba retired. Kasch agreed to this proposal and promised to have the agreement drawn up. Skebba turned down the job opportunity and stayed with Kasch from December 2009 through 2015 when the company assets were sold. Over the years, Skebba repeatedly but unsuccessfully asked Kasch for a written summary of this agreement. Eventually, Kasch sold the business, receiving $5.1 million dollars for his fifty-one percent share of the business. Upon the sale of the business, Skebba asked Kasch for the $250,000. Kasch refused and denied ever having made such an agreement. Instead, Kasch gave Skebba a severance agreement, which had been drafted by Kasch's lawyers in 2009. This agreement promised two years of salary continuation on the sale of the company, but only if Skebba was not hired by the successor company. The severance agreement also required a set-off against the salary continuation of any sums Skebba earned from any activity during the two years of the severance agreement. Skebba sued. Explain whether Skebba is entitled to recover. Provide lawful evidence to support explanation.

Reference no: EM133573956

Questions Cloud

Do you think we have too much regulation of business : Do you think we have too much regulation of business? What types of regulations do you think benefit society? What areas of industry need less regulation?
Victorian liquor control reform act : Provide me a brief explanation about the history of the Victorian Liquor Control Reform Act 1998 including any important amendments.
What participatory roles do bob-tony-dandy : What participatory roles do Bob, Tony, Dandy and Mrs. Dalen play during the court process? Explain your answer.
Concern over potential anticompetitive unilateral effects : Is there any cause for concern over potential anticompetitive unilateral effects from this merger? If not, why not? If so, how?
Explain whether Skebba is entitled to recover : Skebba sued. Explain whether Skebba is entitled to recover. Provide lawful evidence to support explanation.
Differentiate between risk and uncertainty : Differentiate between risk and uncertainty. Provide Aaron with examples that are applicable to his business and industry.
Developing chain of boutique electric scooter sales : Sonny Corleone has long been interested in developing a chain of boutique electric scooter sales and repair outlets in Perth's western suburbs,
Payable upon delivery : Sammy agreed to sell, and Larry agreed to buy Sammy's car for $4000, payable upon delivery. Sammy delivered and left the car with Larry.
Definitions of liberty-freedom and country championed : Were the perspectives of African Americans and/or Native Americans factored into the definitions of liberty, freedom, and country championed

Reviews

Write a Review

Business Management Questions & Answers

  Question about motivation theoriesapplying motivation

question about motivation theoriesapplying motivation theories to a fictitious organization. this fictitious

  Pmlc in a construction company1 which pmlc does your

pmlc in a construction company1. which pmlc does your organization use the most? why do you think they use this

  Is the efficient markets hypothesis

Is the Efficient Markets Hypothesis (EMH) still valid in today's market situation or is it a dated theory that is no longer relevant?

  Critical skills to becoming indispensable

Describe what and how you manage communications, change, and conflict which are critical skills to becoming indispensable in the workplace.

  Intense competition in the air-conditioner industry

Intense Competition in the Air-conditioner Industry: Dynamic Trans-spatial and Trans-temporal Strategies of Firms The contentions of two strategy consultants fr

  How will you collect relevant information

What regular, business-wide feedback loops and processes will you implement to support the new idea, keep it on track, How will you collect relevant information and ensure its accuracy?

  Who do you think will win in battle of global wine industry

Who do you think will win in the battle of the global wine industry? Why? What factors contribute to a competitor becoming the market leader?

  What is the goal of information security

Managing users, assets, and access are essential elements of network management. What is the goal of information security?

  Positive impact of multilateral institutions

a) Identity and briefly elaborate 2 examples of the positive impact of multilateral institutions (such as the UN and its agencies) for promoting global peace an

  Typical company undertake to meet these challenges

A Conference Board study found that CEOs identified the top global challenges they face as (1) improving human capital within their organizations

  Major types of international bond market instruments

Briefly define each of the major types of international bond market instruments, noting their distinguishing characteristics.

  How is jesus related to yhwh

Who is Jesus Christ? What is his significance? What is his meaning? Be very specific and nuanced. Remember this is a college theology paper.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd