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COLORADO v. TYCO VALVES & CONTROLS, L.P.

No. 12-0360.

432 S.W.3d 885 (2014)

Arsenio COLORADO, et al., Petitioners, v. TYCO VALVES & CONTROLS, L.P. and TV & C GP Holdings, Inc., Respondents.

Supreme Court of Texas.

Decided March 28, 2014.

Rehearing Denied June 27, 2014.

Attorney(s) appearing for the Case

David C. Holmes , Law Offices of David C. Holmes, Houston, TX, for Petitioners.

James Ronald Staley , Stephen Eric Hart , Ogletree Deakins Nash Smoak & Stewart PC, Houston, Michael W. Fox , Austin, TX, for Respondents.

Justice LEHRMANN delivered the opinion of the Court.

After deciding to close one of its facilities, Tyco Valves & Controls, L.P. (Tyco) offered certain skilled employees retention agreements to encourage them to remain with the company through the facility's closure. These agreements provided that, in consideration for remaining employed during the retention period, the employees would receive (1) a cash bonus, and (2) severance payments in the event they were...

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