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EXXON MOBIL CORP. v. DRENNEN

No. 12-0621.

452 S.W.3d 319 (2014)

EXXON MOBIL CORPORATION, Petitioner, v. William T. DRENNEN, III, Respondent.

Supreme Court of Texas.

Decided August 29, 2014.

Rehearing Denied February 27, 2015.

Attorney(s) appearing for the Case

Michael David Peterson , McGuiness & Yager LLP, Washington, DC, for Amicus Curiae, Center on Executive Compensation.

Keith Strama , Beatty Bangle Strama, P.C., Austin, TX, for Amicus Curiae, Texas Association of Business.

George S. Christian , Texas Civil Justice League, Austin, TX, for Amicus Curiae, Texas Civil Justice League.

Pamela Stanton Baron , Attorney at Law, Austin, TX, for Amicus Curiae, The American Petroleum Institute.

Alex Benjamin Roberts , David J. Beck , David M. Gunn , Harriet O'Neill , Nina Cortell , Russell S. Post , Shannon H. Ratliff , William Robert Peterson , Beck Redden LLP, Stephen Douglas Pritchett Jr. , Johnson Trent West & Taylor, L.L.P., Steven J. Watkins , McGinnis, Lockrhdige & Kilgore, L.L.P., Houston, TX, for Petitioner, Exxon Mobil Corporation.

Kathryn Elizabeth Boatman , Kendall M. Gray , Paul L. Mitchell , Scott A. Brister , Andrews Kurth LLP, Austin, TX, for Respondent, William T. Drennen III.

In this declaratory judgment action, we consider whether New York choice-of-law provisions in a Texas-based corporation's executive bonus-compensation incentive programs are enforceable and, if not, whether the programs' provisions allowing forfeiture of an executive's bonus awards for engaging in...

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