In re the Claim of Sonners

Appeal from a decision of the Unemployment Insurance Appeal Board, filed July 17, 1986, which ruled that claimant was disqualified from receiving benefits because he voluntarily left his employment without good cause.

Claimant was an officer and owner of the Express Forwarding and Storage Company (hereinafter the Company) for over 30 years when, in March 1985, he decided to sell his interest in the Company. He sold his interest to the other corporate officers for $100,000. For three months following the sale claimant remained employed by the Company at a salary of $40,000 per year. His…