Reda v. Eastman Kodak Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Amended judgment unanimously affirmed without costs. Memorandum: Plaintiffs are former managers of a venture known as Videk. They commenced this action for defendants’ alleged breach of an agreement, the "Long Term Incentive Plan” (LTIP), established by defendant Eastman Kodak Company (Kodak) to encourage the efforts of key managers of Videk and other ventures set up as unincorporated divisions of defendant Eastman Technology, Inc. (ETI), a subsidiary of Kodak. Plaintiffs seek payment under paragraph 9.02 of the LTIP, known as the merger clause. They contend that a payout under the merger…
2Cases cited10 opinions
- Murphy v. American Home Products Corp.New York Court of Appeals · 1983
- Breed v. Insurance Co. of North AmericaNew York Court of Appeals · 1978
- County of Columbia v. Continental InsuranceNew York Court of Appeals · 1994
- Grad v. RobertsNew York Court of Appeals · 1964
- Williams Press v. State of NYNew York Court of Appeals · 1975
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- White v. National Football LeagueDistrict Court, D. Minnesota · 2000
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