Court rules on contract of former CLICO executive
After more than a decade and a half of delays, the High Court today ruled in the suit brought by former CLICO insurance executive Neval Greenidge against the company.
The original application was filed in 2000 against CLICO Holdings Barbados Limited and CLICO International Life Insurance. However, in her decision handed down in the Number 5 Supreme Court, Madame Justice Jacqueline Cornelius ruled that Greenidge’s contract was not with the holding company. She therefore ruled that the company submit a note for cost.
Cornelius also blamed the attorneys and the disputing parties for the 16 year delay in the case.
The court heard that Greenidge was appointed Vice President of Sales and Marketing in January 1998 and was paid a fixed salary with a productivity bonus. That contract was terminated by letter dated March 13, 1998. However, his dismissal took effect on April 30, 1998.
Greenidge’s private company was offered the same position by letter on March 31, 1998, with effect from April 1 that same year.
The contract provided for termination of employment with one month’s written notice on the part of either party. However, the contract was terminated on
January 8, 1999.
Three days later, on January 11, Greenidge, through his company, was offered the post of Group Marketing Coordinator.
However, the court was told that Greenidge refused to sign the contract and was asked to vacate the premises by letter on January 25.
Greenidge responded to the letter stating that efforts were being made to change the terms and conditions of his employment and he was prepared to enter negotiations, without prejudice.
However, he subsequently turned down another offer for agency manager triggering CLICO to end its contract with his private company. (EJ)