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Company president personally liable for refusal to pay severance

November 17, 2003

SHRM Online - Society for Human Resource Management, Court Report - Chisholm, Jr. v. Ultima Nashua Industrial Corp., No. 2002-456 (N.H. Oct. 14, 2003).

Lawrence Peikes

The president of a closely held company was personally liable for liquidated damages as a result of his refusal to pay severance benefits under an employment contract that he believed to be unenforceable, according to a ruling of the New Hampshire Supreme Court.

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Lawrence Peikes

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