I PKN 543/98
AI generated
Supreme Court dismissed cassation, upholding that a supervisory board can authorize two members to sign employment contracts for the company.
Legislator summary
AI generatedThe Supreme Court dismissed the cassation appeal filed by the liquidator against a labor court awarding severance pay to a former CEO. The court found that the supervisory board, acting through two delegated members, validly authorized the employment contract containing a severance clause. The decision relied on the interpretation that the company's bylaws and supervisory board regulations could define the manner of representing the company in such agreements without violating statutory limits.
Legislator headnote
AI generatedArt. 215 § 3 KH; Art. 203 KH: The supervisory board may establish via bylaws or regulations the method of representing the company in contracts with board members, including the authorization of specific members to sign employment agreements.
Keywords
AI generated
supervisory board representation
employment contract authorization
severance pay entitlement
liquidation proceedings
company bylaws interpretation
Cited Legislation
AI generatedArt. 215 § 3 KH
Art. 203 KH
Art. 52 KP
Art. 393 § 1 KPC