From Casetext: Smarter Legal Research

Markby v. Painewebber Inc.

Supreme Court of New York, Appellate Division, First Department
Oct 14, 1997
243 A.D.2d 311 (N.Y. App. Div. 1997)

Opinion


243 A.D.2d 311 664 N.Y.S.2d 520 In re Application of Julian MARKBY, Petitioner-Appellant, v. PAINEWEBBER INCORPORATED, et al., Respondents-Respondents. For an Order, etc. 1997-08364 Supreme Court of New York, First Department October 14, 1997.

        Victor M. Metsch, for petitioner-appellant.

        Thomas M. Mueller, for respondents-respondents.

        Order and judgment (one paper), Supreme Court, New York County (Barry Cozier, J.), entered January 7, 1997, which denied petitioner's application to vacate portions of an arbitration award, and confirmed those portions of the award, unanimously affirmed, without costs.

        There is no merit to petitioner's claim that the arbitration award violates the public policy against forfeiture of earned wages. Certainly, there is nothing on the face of the documents defining the compensation payable under respondent's Stock Award and Incentive Compensation Plans to indicate that the compensation petitioner seeks to recover was other than wholly discretionary (see, Weiner v. Diebold Group, 173 A.D.2d 166, 167, 568 N.Y.S.2d 959), and the increased value of petitioner's capital contribution as a limited partner in an entity to which he rendered no services can hardly be thought of as wages (see, Labor Law § 190.1). Whether or not the description of the compensation contained in the documents is accurate is an issue of fact that was for the arbitrator (see, Hackett v. Milbank, Tweed, Hadleys&sMcCloy, 86 N.Y.2d 146, 155, 157-158, 630 N.Y.S.2d 274, 654 N.E.2d 95; Mirchel v. RMJ Secs., 205 A.D.2d 388, 389-390, 613 N.Y.S.2d 876).

        MILONAS, J.P., and WALLACH, WILLIAMS, TOM and MAZZARELLI, JJ., concur.

Summaries of

Markby v. Painewebber Inc.

Supreme Court of New York, Appellate Division, First Department
Oct 14, 1997
243 A.D.2d 311 (N.Y. App. Div. 1997)
Case details for

Markby v. Painewebber Inc.

Case Details

Full title:Markby v. Painewebber Inc.

Court:Supreme Court of New York, Appellate Division, First Department

Date published: Oct 14, 1997

Citations

243 A.D.2d 311 (N.Y. App. Div. 1997)
664 N.Y.S.2d 520

Citing Cases

Ostrin v. Weiss

See also, Maritime Fish Products, Inc. v. World-Wide Fish Products, Inc., 100 AD2d 81 (1st Dept. 1984),…

Guiry v. Goldman Sacha Co.

The annual award statements recite that incentives are awarded pursuant to Goldman's stock incentive plan,…