Helmerichs v. Bank of Minneapolis & Trust Co.

MEMORANDUM OPINION AND ORDER

FACTS

Respondent Robert R. Helmerichs was employed as president of Bank of Minneapolis & Trust Company from 1974 through his resignation in January of 1983. His employment contract was for a fixed term and the final renewal ran through December 31, 1985.

Respondent demanded arbitration pursuant to the employment contract. An arbitration hearing occurred in October, 1983 and an award was entered in November, 1983 granting respondent salary and benefits due under the contract.

Before the arbitration panel, appellant Bank argued that public policy voided the contract of…