Thank you for your help! A friend of mine who had a State Farm agency for 30+ years was terminated for cause. Because it is for cause, does this mean he gets none of his vested commissions? His accounts have already been reassigned. The contract doesn’t specify what happens if Agent fired for cause. Appreciated!
Terminated by State Farm and Vested Commissions
- Thread starter RDCM73
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- 5,302
I would think his contract would specify these things. You mentioned "The contract doesn’t specify what happens if Agent fired for cause." That doesn't sound right. I honestly have a hard time believing that.
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- 5,302
You should probably get organized on the facts, then come back to us. Did he own an agency, did he have a contract, what did it say, etc. That right there is probably going to answer all your questions. Right now we are just feeling around in the dark.
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Great, next step is to look at the contract. That will answer pretty much all the remaining questions.
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Thank you. I have the complete contract - it does not address “termination for cause” anywhere - it is possible that all employment contacts are null + void if termed for cause in the state of Illinois… in all other contracts I’ve seen, ie my own, there is a specific clause if terminated for cause.
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I am guessing then the answer applies to any and all reasons for termination of the contract. This probably needs to be addressed by an attorney.
