Implied Contract Exceptions - Texas Examples?

My California-based company announced that they were shutting down our Texas facility. Two VPs come in later and indicate that Texas R&D will remain indefinitely - that is was only the manufacturing function that was being consolidated. They told all R&D staff they have permanent employment. Subsequently, all R&D staff received stock options that vest over 4 years. One director even confronted all R&D people individually and asked them to either commit to stay or leave.

Two-three months later, they company gave all R&D staff termination dates.

Would the promise of ongoing employment accompanied by stock option grants be an implied contract exception in Texas? Are any exceptions possible in Texas?

1 answer  |  asked Jul 17, 2002 10:05 AM [EST]  |  applies to Texas

Answers (1)

Margaret A. Harris
Slim to Nil

I think you should consult with a lawyer in Austin, even if it means paying a consultation fee. There is not a high likelihood of success, but you should learn the pros and cons of that argument before making a final decision.

posted by Margaret A. Harris  |  Jul 17, 2002 10:59 AM [EST]

Answer This Question

Sign In to Answer this Question

Related Questions with Answers

Have an Employment Law question?

Virginia Employment Lawyers

Gerald Lutkenhaus Gerald Lutkenhaus
Virginia Workers Compensation & Disability Lawyer
Richmond, VA
Sheri Abrams Sheri Abrams
Sheri R. Abrams PLLC
Oakton, VA
Edward Lowry Edward Lowry
Charlottesville, VA
Matthew Kaplan Matthew Kaplan
The Kaplan Law Firm
Matthew Sutter Matthew Sutter
Sutter & Terpak, PLLC
Annandale, VA

more Virginia Employment Lawyers