The court correctly found that the alleged promises made by defendant Schneider with respect to severance benefits to be provided plaintiff in the event of a sale of Helmsley-Spear, Inc., or at the time of his departure from the company, are insufficient, as a matter of law, to provide the basis fora legally enforceable oral agreement. The oral assurances lacking any actual terms as to the amount, form, and timing of payment of any compensation, and including no methodology...
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