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An employer won summary judgment in a breach of contract suit brought by a former employee who claimed she was promised salary increases once the company issued an initial public offering of stock. Tying contractual obligations to the occurrence of a potential -- but not inevitable -- event created an agreement that was "not sufficiently detailed or definite" to be binding, a New York judge ruled.
February 21, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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