Case summary:
Person A began working for company P at the age of seventeen and after 38 years of service, got promoted to assistant treasurer. In appreciation of person A’s long service, dedication and hard work, resolution was passed by the board of directors to give a salary hike of $4,000 and retirement pay of $2,000 per month through-out her life with a expressed hope that person A would continue working for the company for many years to come. Person A chose to retire after two years. Company paid retirement pay to person A for seven years and discontinued the payments after it.
To discuss: About the proper outcome.
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