MATTER OF KING v. NIKKO SEC. CO. INT'L, INC.


179 A.D.2d 490 (1992)

In the Matter of William King, Respondent, v. Nikko Securities Co. International, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

January 16, 1992


According to petitioner, he was induced to join respondent's newly formed equity trading department as head trader in July 1987 upon an oral promise to employ him for 2½ years at an annual salary of $200,000, plus an annual bonus of $300,000. After petitioner commenced employment with respondent, all written contracts proposed by respondent contained a provision permitting respondent to terminate petitioner without cause upon certain notice. Petitioner rejected

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