Westcorp Software Systems, Inc. v. Odell

McMurray, Presiding Judge.

Charles B. West, Jr., Westcorp Software Systems, Inc.’s (“Westcorp”) majority shareholder and chairman of the board of directors, executed symmetrical employment contracts on Westcorp’s behalf with three of the company’s top executives — Michael Allen Odell, Westcorp’s president; Harry Robert Howard, Jr., Westcorp’s executive vice president and member of the board of directors, and Hugh Leon Rhodes III, Westcorp’s vice president and member of the board of directors. In addition to generous salaries, benefits and bonuses, these agreements provided each executive with,…