Nicholas Richard Whitlam v Insurance Australia Group Limited

[2005] NSWSC 83

Supreme Court of NSW

Built by Barristers,
For Australian Law.

1. Representations made to plaintiff that if he resigned his directorship of defendant he would be entitled to participate under Retirement Policy to be adopted by it receiving promptly the maximum benefits to be calculated in accordance with that policy
1. Corporations - Directors - Entitlement of a director to receive a retirement benefit in an amount which conformed with Retirement Policy adopted by defendant corporation
1. Corporations - Authority of chairman to enter into contract with director relating to retirement benefits
1. Contract - Holding that defendant entered into enforceable contract with plaintiff whereunder he agreed to resign from his position as a director, defendant agreeing that plaintiff would be entitled to participate under Retirement Policy to be adopted by it receiving promptly the maximum benefits to be calculated in accordance with that policy