MacKay v Bidcorp Food Africa (Pty) Ltd and Others (40557/17)
MacKay v Bidcorp Food Africa (Pty) Ltd and Others (40557/17) [2018] ZAGPJHC 714 (28 June 2018)
The court found that the applicant did not resign but was retrenched due to operational requirements following the sale and restructuring of Patleys. The supplementary agreement was not a simulated contract but reflected the true nature of the separation, negotiated openly and for legitimate commercial reasons. Bidcorp failed to establish a genuine dispute of fact or simulation, as its evidence was insufficient and lacked direct knowledge of the circumstances. The applicant was candid about preserving his entitlement to the consideration, and the agreements were implemented as negotiated. The…
Source excerpt
- Share Option Scheme
- Mutual Separation Agreement
- Simulation Of Contract
- Retrenchment
- Repudiation Of Contract
- Severance Pay