1. Home
  2. Browse Decisions
  3. S.W.2d
  4. 737 S.W.2d
  5. 737 S.W.2d 870 (1987)
 

TEXAS FEDERAL SAV. & LOAN v. SEALOCK

No. 05-86-00577-CV.

737 S.W.2d 870 (1987)

TEXAS FEDERAL SAVINGS & LOAN ASSOCIATION, Appellant, v. Glenn D. SEALOCK, Appellee.

Court of Appeals of Texas, Dallas.

Rehearing Denied October 19, 1987.

Attorney(s) appearing for the Case

Robert W. Coleman, John E. Richards, Robert B. Payne, Dallas, for appellant.

Frank E. McLain, Bill Reed, Dallas, for appellee.

Before WHITHAM, McCLUNG and McCRAW, JJ.

WHITHAM, Justice.

The appellee-employee, Glenn D. Sealock, and the appellant-employer, Texas Federal Savings & Loan Association, had a written employment agreement. The agreement contained a "golden parachute" provision. The term "golden parachute" refers generally to agreements between a corporation and its top officers which guarantee those officers continued employment, payment of a lump sum, or other benefits in the event of a change of corporate ownership...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases