Oil Company A

Oil Company A’s Employment Law Case

Oil Company A ran into significant difficulty after the 2014 drop in oil prices, and elected to terminate its chief executive officer without cause. Oil Company A offered the amount of severance payable under the executive’s employment agreement but the executive chose to hire employment counsel who advanced a claim for over $600,000 more than the agreed amount.

Murray Harris of our Firm negotiated a settlement for Oil Company A whereby a significantly reduced amount of that demand would be paid over a period of two years. In exchange, the executive agreed to honour significant non-competition convenants, and ensured the executive’s intellectual capital was secured through a series of agreed meetings after the settlement.