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Enrique A. Sobrepena, Jr. vs. Court Of Appeals, et al.

ENRIQUE A. SOBREPENA, JR., petitioner vs. COURT OF APPEALS and PACIFIC MEMORIAL PLANS, INC., respondents.

G.R. No. 111148 | 1997-10-10

D E C I S I O N

TORRES, JR., J:

The principal issue facing us in this Petition is whether or not the petitioner, upon his retirement as the president of the respondent Pacific Memorial Plans, Inc., is entitled to Overriding Commissions, arising from the sales of Memorial Plans effected during his presidency, but the premium payments of which are collected after his retirement.

When petitioner Enrique A. Sobrepeña, Jr. retired from the Pacific Memorial Plans, Inc., he was the company's president for 13 years (from 1966 to 1979), and had been in its service for an aggregate of 20 years and ten months, having previously held various other...