I work at a company and there are several manager (and I'm one of them) with employment agreements containing severance obligations upon termination (without cause). Now, the company is not doing well financially, and is being sold. They have not announced who the new buyer is yet. But, executive mgmt has stated that the company would not honor those employment agreements. I didn't think this could be the case in California. I'm looking for more insight and direction on this matter.