Legal Opinion
Willis Re Inc. v. Hearn
District Court, E.D. Pennsylvania
Decided August 3, 2016No. CIVIL ACTION NO. 16-213PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM
KEARNEY, District Judge
A chief executive officer leaving his long-time employer for a competitor now seeks to avoid his agreement to repay a portion of a conditional $1.75 million incentive award because the governing award agreement allows him to retain the award if he retires under a written retirement policy or if his former employer decides he retired. Otherwise, he must return a pro rata portion of the incentive award. At the time of his incentive award agreement and today, the employer has no policy defining when or how an employee can retire but does have a pension plan…
2Cases cited23 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Fort Halifax Packing Co. v. CoyneSupreme Court of the United States · 1987
- Blunt v. Lower Merion School DistrictCourt of Appeals for the Third Circuit · 2014
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