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TOBIN v. GENERAL MOTORS CORP.

Docket No. 5,468.

17 Mich. App. 475 (1969)

169 N.W.2d 644

TOBIN v. GENERAL MOTORS CORPORATION

Michigan Court of Appeals.

Decided May 28, 1969.

Attorney(s) appearing for the Case

George B. Wells and Morton Fisher, for plaintiff.

Donald K. Barnes and George W. Coombe, Jr., (Ross L. Malone, of counsel), for defendant.

BEFORE: LESINSKI, C.J., and FITZGERALD and V.J. BRENNAN, JJ.

FITZGERALD, J.

Leo W. Tobin, Jr., joined the AC Spark Plug Division of General Motors Corporation as an engineer in 1949. He rose rapidly in the organization and by his severance in 1960 he was earning in excess of $50,000 a year.

A prerequisite of his employment was participation in the General Motors bonus plan and the General Motors stock option plan. Under the bonus plan, he was awarded benefits for 1957, 1958 and 1959, each subject to being "earned out...

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