Mosow v. National Lock Co.

MR. JUSTICE THOMAS J. MORAN

delivered the opinion of the court.

In November, 1964, plaintiff was employed by defendant as a manager in its Fastener Division at the company plant in Winnebago County. Prior to plaintiff’s employment, and since 1939, the company had in force what it called a “contingent compensation plan.” On October 25, 1966, plaintiff was informed, by letter, that he would participate in the plan for the fiscal year July 1, 1966, through June 30, 1967, “subject to final determination by the Board of Directors or Management, as directed by the Board.” The plaintiff was…