CLICK HERE TO JOIN OUR WHAT’S APP GROUP
Dews Pro Builders Limited in Antigua & Barbuda must pay former CEO Christopher Martin about $89,855 after the High Court ruled that deducting his February–June 2021 salary from his share redemption payment was improper.
The dispute originated from a February 19, 2021 in Antigua & Barbuda agreement in which Martin agreed to redeem 2,500 shares for over EC$4 million and step down, while still receiving his monthly $22,500 salary during the transition.
Despite Martin’s active role during this period, the company later deducted his salary payments—arguing they were erroneously made—without informing him they would count toward the share price.
The ruling also mandates interest at 3% from June 21, 2021 until judgment and 5% thereafter until full payment.
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
Fair ruling if the ex-CEO was truly owed the money. Businesses need to honor their agreements.!!!!!!
I hope this sets an example for other companies to treat their executives and employees fairly. Because what is that????????
Dews Pro Builders should have settled this earlier—court battles only hurt a company’s reputation and they don’t even realize it
I’d like to hear both sides of the story before jumping to conclusions. Was this a simple misunderstanding or something more?
I believe that this is a win for workers’ rights! Employers should be held accountable when they fail to pay what is owed.
$89,855 is no small sum—how will this affect Dews Pro Builders’ operations moving forward? I honestly feel for them.. sighhhh
LOL! Actually it is a small sum unless you are teenager.
Comments are closed.