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RICE v. RESOLUTION TRUST CORP.

No. CIV 91-62 PHX EHC.

785 F.Supp. 1385 (1992)

Gene RICE, Plaintiff, v. The RESOLUTION TRUST CORPORATION, as Receiver for MeraBank, Defendant.

United States District Court, D. Arizona.

March 6, 1992.

Attorney(s) appearing for the Case

Sandra R. Kane, Jennings Strouss & Salmon and Raymond M. Hunter, Hunter & Lehman P.C., Phoenix, Ariz., for plaintiff.

John Howard Bernstein, Kutak Rock, Denver, Colo. and E. Scott Dosek, Kutak Rock & Campbell, Phoenix, Ariz., for defendant.

ORDER

CARROLL, District Judge.

Background

Plaintiff was employed as MeraBank's Chief Executive Officer (CEO) from May, 1984 through January 31, 1990, when his employment was terminated by Defendant Resolution Trust Corporation (RTC). First Amended Complaint at para. 4. In 1982, plaintiff and MeraBank executed a "Salary Continuation Agreement"1 (Agreement), which provides, in part, as follows:

Continuation...

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