McRentals, Inc. v. Barber

PATRICIA BRECKENRIDGE, Judge.

This appeal involves an employment and stock option agreement negotiated between McRentals, Inc., Clinton G. McDonald, Irene McDonald, Larry McDonald, and Sharon Brown 1 and David L. Barber, attorney for Clinton and Irene McDonald and McRentals. Pursuant to the agreement, Mr. Barber agreed to manage McRentals’ rent-to-own stores, and, in return, the McDonalds contracted with Mr. Barber for a 20-year employment term as president of McRentals, giving him the option to purchase stock in the company. Almost four years after entering into the agreement with Mr. Barber,…