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MATTER OF TICOTIN v. SIMON PROPERTY GROUP, INC.

289 A.D.2d 143 (2001)

735 N.Y.S.2d 54

In the Matter of MARK S. TICOTIN, Appellant, v. SIMON PROPERTY GROUP, INC., as Successor in Interest to CORPORATE PROPERTY INVESTORS, INC., Respondent.

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

Decided December 20, 2001.

Petitioner was president and chief operating officer of Corporate Property Investors, Inc. (CPI) when he and CPI executed an employment agreement in September 1998 which contemplated CPI's merger with Simon De Bartolo Group, Inc. (SDG). The merger had been agreed in February and it took place the day after petitioner executed his employment agreement. The agreement provided for a base salary and annual bonus, the latter in an amount equal to no less than the base salary for...

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