Legal Opinion
Jaffe v. Paramount Communications, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided June 18, 1996PublishedCited by 39 opinions
1Opinion of the Court
OPINION OF THE COURT
Nardelli, J.
The plaintiff was an executive who received a large salary, bonuses and stock options as part of his employment contract with defendant Paramount. Unlike many of his contemporaries, when he and the corporation finally parted ways, he did not receive a "golden parachute.” However, he did receive exactly what he had bargained for. If he had tendered his 30-day notice of termination, he would have been entitled to exercise his remaining options as of the date of the notice.
Plaintiff Jaffe was the President and Chief Operating Officer of defendant Paramount…
2Cases cited2 opinions
- Rowe v. Great Atlantic & Pacific Tea Co.New York Court of Appeals · 1978
- JACK L. INSELMAN & CO., INC. v. FNB Fin. Co.New York Court of Appeals · 1977
3Cited by39 opinions
- Wilson v. Northwestern Mutual InsuranceCourt of Appeals for the Second Circuit · 2010
- Glazer v. Dress Barn, Inc.Supreme Court of Connecticut · 2005
- Aventine Investment Management, Inc. v. Canadian Imperial Bank of CommerceAppellate Division of the Supreme Court of the State of New York · 1999
- Skillgames v. BrodyAppellate Division of the Supreme Court of the State of New York · 2003
- Ezrasons, Inc. v. American Credit Indemnity Co.Appellate Division of the Supreme Court of the State of New York · 1999
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