CLARK v. CARVER FEDERAL SAVINGS BANK


297 A.D.2d 599 (2002)

747 N.Y.S.2d 490

THOMAS L. CLARK, Respondent, v. CARVER FEDERAL SAVINGS BANK, Appellant, et al., Defendants.

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

Decided September 26, 2002.


Plaintiff is the former president of defendant Carver Federal Savings Bank (the Bank). As here pertinent, plaintiff's employment agreement provided that, in the event the Bank terminated his employment for a reason other than "cause" before the agreement expired by its terms, plaintiff would be entitled to certain severance benefits, subject to the agreement's provision that any payments to be made to plaintiff were "subject to and conditioned upon their compliance with Section...

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