Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Ninth Circuit: Employee Terminated for Reasons Other Than Deficient Performance Was Terminated 'Without Cause' (PDF)
U.S. Court of Appeals for the Ninth Circuit, via FindLaw [Opinion] May 14, 2001 Scribner v. Worldcom, Inc., No. 99-35239 (9th Cir. May 8, 2001). Excerpt: In this appeal, we must decide what the words 'termination without cause' mean in the context of a stock option contract between an employer and employee. The question is whether the employer, who retains discretion to construe the contract, can define the word 'cause' to mean something other than its ordinary meaning without informing the employee that the ordinary meaning is irrelevant.... [W]e conclude that the answer is no. |
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