Wirkman v. Wirkman Co.

Opinion by

Mr. Justice Cohen,

Plaintiff appeals from the dismissal of his petition for a declaratory judgment brought to obtain a declaration of his rights under a contract with the defendants.

In 1951 the appellant, who owned a substantial block of stock in the defendant Wirkman Company, which is engaged in the insurance brokerage business, entered into a written agreement with it and the individual defendants whereby he sold his stock to the corporation for $110,000, payable over a period of time. In addition the corporation agreed to pay appellant a pension for three years, a salary as a…