Reddam v. Consumer Mortgage Corp.

The trial court entered judgment in favor of plaintiff in the amount of $35,000 pursuant to an accepted mediation evaluation. Plaintiff now appeals.

Plaintiff was employed by defendant under a written contract which included a provision for bonuses and also provided for a cap on bonuses of $50,000 per year. According to plaintiff, he was orally told not to worry about the cap and that he would be paid whatever bonus he had earned. During the second fiscal year of plaintiffs employment, his bonus was calculated to be $307,050. However, defendant’s board of directors determined that it would not…