Supreme Court of Texas

The sale of plaintiff's subsidiary company resulted in a "Termination of Employment" of the sub's employees within the meaning of the employee incentive plan and option certificates at issue; hence, upon termination, 1) 1992 option certificates expired, and 2) sub employees had limited time periods within which to exercise their remaining options to purchase parent stock.

Appellate Information

• Argued 01/17/2001
• Decided 03/28/2002
• Published 03/28/2002

Judges

• Justice OWEN delivered the opinion of the Court.

Court

• Supreme Court of Texas

Counsel

• For Appellant:
  
• Joe W. Redden, Jr.,Harry Paul Weitzel, Beck Redden & Secrest, Houston, David E. Keltner, Jose Henry Brantley & Keltner, Fort Worth, John R. Gilbert, Gilbert & Moore, Angleton, for petitioner.


• For Appellees:
  
• Robert C. Hilliard, John T. Flood, Hilliard & Munoz, Roberta S. Dohse, Paul W. Nye, Chaves, Chaves Gonzales & Hoblit, Corpus Christi, Russell W. Heald, Hilliard & Heald, Beaumont, Audrey Mullert Vicknair, Bracewell & Patterson, Corpus Christi, for respondents.