LAVELLE v. URBACH, KAHN & WERLIN


198 A.D.2d 751 (1993)

604 N.Y.S.2d 614

John H. Lavelle, Appellant, v. Urbach, Kahn & Werlin, P. C., Respondent

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

November 24, 1993


White, J.

Upon plaintiff's termination of his employment with defendant, a public accounting firm, defendant's president, in accordance with the parties' contract known as the Master Agreement, executed a promissory note agreeing to pay plaintiff $28,152 as severance pay and also for the redemption of plaintiff's shares. This sum was to be paid in 36 monthly installments commencing October 1, 1991. When defendant failed to make the payment due on November...

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