Chapin v. Fairchild Camera & Instrument Corp.

Opinion

TAYLOR, P. J.

This appeal by certain former salaried and hourly employees (Employees) of the Memory Products Department (Memory Products) of respondent, Fairchild Camera and Instrument Corporation (Fair-child), from an adverse judgment after a court trial, presents a question of first impression in this state as to the nature of severance and in lieu of notice benefits 1 in a contract of employment. For the reasons set forth below, we have concluded that the trial court erred in concluding that Fairchild’s sale of Memory Products was not a termination of employment that would entitle…