Centronics Data Computer Corp. v. Salzman

While Harvey Salzman was employed by Centronics Computer Data Corp. (Centronics), he bought restricted Centronics stock under an employees’ stock purchase incentive plan. After he resigned his employment, Centronics brought a bill in equity to compel Salzman to deliver the restricted stock to Centronics in accordance with the terms of the plan, which gave Centronics certain repurchase rights. After a trial without jury, the Superior Court (Dalianis, J.) decreed judgment for Salzman. Centronics appeals, posing the question of whether the contract was ambiguous and, if so, whether a…