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WILLIAMS v. INTERPUBLIC SEVERANCE PAY PLAN

No. 07-3146.

523 F.3d 819 (2008)

Mark H. WILLIAMS, Plaintiff-Appellant, v. The INTERPUBLIC SEVERANCE PAY PLAN and The Management Human Resources Committee, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided April 29, 2008.

Attorney(s) appearing for the Case

Violet H. Borowski (argued), Daley, Debofsky & Bryant, Chicago, IL, for Plaintiff-Appellant.

David K. Haase (argued), Littler Mendelson, Chicago, IL, for Defendants-Appellees.

Before EASTERBROOK, Chief Judge, and BAUER and EVANS, Circuit Judges.

EASTERBROOK, Chief Judge.

A golden-parachute clause in a severance plan offers executives benefits if they resign following a change of control, unless the new owner offers the executive a "comparable" position at the same salary or higher. Mark Williams, paid $167,000 as "Senior Vice President, Account Management and Development" at the Chicago office of Campbell Mithun, an advertising agency, was offered a position as "Senior Vice President, Account Management"...

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