Baxter,at Age 45,was Hired as the General Manager of the CountrySide

question 31

True/False

Baxter,at age 45,was hired as the general manager of the CountrySide Shipping Company by Carrothers,the company president.The initial contract of employment was for a three-year term,and was embodied in an exchange of letters between Baxter and Carrothers in 1982.At the end of the three-year term,Baxter continued on as general manager,receiving annual increases in salary,executive profit sharing,pension contributions,and discretionary bonuses,if business was exceptionally good in a given year.In January,1994,for no apparent reason,Carrothers called Baxter into his office,and told him his services were no longer required.Carrothers offered Baxter a week's salary as "severance pay." At the time of termination,Baxter was earning a salary of $70,000 per year,received company paid pension contributions of $5,000 annually,and,in 1993,had received $3,000 from profits shared,and a $5,000 bonus.One week's salary as severance pay would be the equivalent of reasonable notice for Baxter under the circumstances.

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Telophase I

A stage in meiosis where chromosomes arrive at opposite poles of the cell, and the cell divides into two daughter cells, each with half the number of chromosomes of the original.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of four haploid cells; crucial for sexual reproduction.

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