Fetzer Refrigerator Co. v. Fetzer

CATINNA, Commissioner.

On October 22, 1970, Fetzer Refrigerator Company and Norris A. Fetzer entered into an executory personal-services contract by which the company agreed to employ Norris at a regular annual salary and he, in return, agreed to be employed by the company and to devote his principal time professionally to the business of the company. The contract further provided that Norris could retire from daily services with the company on the first day of the month nearest his sixty-fifth birthday, but that under certain circumstances he would be permitted to remain in active and…