Reversed, on the law, the facts and as a matter of discretion, with costs, and the motion denied.
In December, 1974, plaintiff and defendant entered into a letter agreement by the terms of which defendant hired plaintiff as its president and chief operating officer at an annual salary of $50,000. Included in the agreement was a provision that plaintiff could not be discharged except for cause. On May 9, 1975, plaintiff's employment was terminated, purportedly for...
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