Schaffart v. Oneok, Inc.
Court of Appeals for the Eighth Circuit
1Opinion of the Court
RILEY, Chief Judge.
Gaye Lynn Schaffart and Jerry Peters (collectively, appellees) entered into performance and stock agreements with their employer, appellant ONEOK, Inc. The agreements required appellees to continue their employment for three years (performance period) in order to receive the full number of shares, but allowed pro rata payments if appellees’ employment terminated under certain conditions. After appellees left ONEOK’s employment, ONEOK denied appellees’ claims for pro rata payments under the agreements. Appellees sued ONEOK for breach of contract. 1
The cases were tried to the…
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