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TODD v. GRANDOE CORPORATION

302 A.D.2d 789 (2003)

756 N.Y.S.2d 658

JOHN TODD, Respondent, v. GRANDOE CORPORATION et al., Appellants.

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

Decided February 20, 2003.

Rose, J.

In April 1999, defendant Grandoe Corporation hired plaintiff to be its executive vice president and chief operating officer. A letter agreement executed by the parties stated plaintiff's annual salary, guaranteed him a minimum bonus of $15,000 in his first year, promised him the opportunity to earn annual incentives, indicated that his performance and salary would be reviewed annually, and guaranteed six months...

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