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Home / Opinion Digests / Contract / Contract – Labor & Employment – Corporate Officers & Director – Change-of-Control Clause – Contemporaneous Ownership Rule – Fairness (access required)

Contract – Labor & Employment – Corporate Officers & Director – Change-of-Control Clause – Contemporaneous Ownership Rule – Fairness (access required)

Ehmann v. Medflow, Inc. (Lawyers Weekly No. 020-092-17, 48 pp.) (James Gale, C.J.) 2017 NCBC 86 Holding: Even though the defendant-corporation had different ownership when the plaintiff-officers and director negotiated – among themselves – employment contracts that provided them with two years’ salary if they were terminated upon a change of ownership, plaintiffs must nevertheless prove ...

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