The plaintiff, an investment banker, sued his former employer for wrongful dismissal and unpaid compensation.
The employer counterclaimed, alleging the plaintiff breached non-competition and non-solicitation clauses by joining a competitor.
The court found that the parties entered into two successive binding employment contracts.
The court made specific findings on how the plaintiff's variable compensation should be calculated under the second contract.
The court awarded the plaintiff $10,000 in punitive damages because the employer improperly withheld amounts admittedly owed to him.
The employer's counterclaim was dismissed in its entirety, as the restrictive covenants were found to be overly broad, unreasonable, and unenforceable.