MEIER v. STONEBROOK STRUCTURED PRODUCTS, LLC


18 A.D.3d 228 (2005)

795 N.Y.S.2d 8

PAUL MEIER, Appellant, v. STONEBROOK STRUCTURED PRODUCTS, LLC, Respondent.

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

May 5, 2005.


Plaintiff sought a judgment declaring that he had an 18% ownership interest in the company that hired him, which was defendant's predecessor. Contrary to his claim, the terms of the offer letter, including the buyout provision, were specific and certain. Once plaintiff accepted the offer, there was an enforceable agreement. The buyout provision was not contingent on anything other than termination of employment and payment of par...

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