Manas v. Southern Diversified Industries, Inc.

HENDRY, Chief Judge.

Plaintiff, Nathan Manas, filed a complaint in which he alleged that in consideration for his past loyalty and services and in further consideration for his future employment and service, the defendant corporation by and through its officers orally agreed, on or about November 1, 1961 to purchase for plaintiff ,3,000 shares of its stock at a value of $16,500.00 which stock purchase was to be in lieu of a $5,500.00 annual bonus agreed *481to be paid in yearly installments over the subsequent three year period.

The plaintiff further alleged in the complaint that it was represented…