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00-1851, 00-1932 Bowles v. Quantum Chemical Company

By: dmc-admin//September 17, 2001//

00-1851, 00-1932 Bowles v. Quantum Chemical Company

By: dmc-admin//September 17, 2001//

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“Although the record does not reveal the exact number of Quantum employees covered by the severance plan, it is clear that others in addition to Dr. Bowles were covered. The covered employees had a one-year period in which they could make a demand for severance benefits, which required Quantum to budget for the possibility of making multiple payments throughout the course of that year. Perkinson also testified that, if Quantum believed that its obligation to pay severance benefits to a particular employee had been triggered within the year following the change in control, Quantum would notify that employee of his right to claim benefits. Thus, Quantum also had to develop a mechanism for monitoring the conditions of its employees’ employment throughout the one- year eligibility period.”

Affirmed in part, vacated in part, and remanded.

Appeals from the United States District Court for the Northern District of Illinois, Lozano, J., Ripple, J.

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