Drapeau v. Joy Technologies, Inc.

CIRILLO, Judge:

This is an appeal from an order of the Common Pleas Court of Allegheny County. We reverse and remand.

Appellant, Ronald A. Drapeau (“Drapeau”), owned 54,764 shares of common stock in Appellee-Company, Joy Technolo*562gies, Inc. (“Joy”). Drapeau, an employee of Joy, owned the stock pursuant to an amended Employee Stockholders Agreement (“Agreement”). The Agreement provided, in part, that if Drapeau should cease to be employed with Joy, for any reason, he was required to immediately offer to sell back to Joy his shares of company stock.

In February of 1992, Drapeau voluntarily…