Mechler v. Consolidated Pipe & Supply Co.

*1141MEMORANDUM OPINION

CAHILL, District Judge.

This matter is before the Court for a decision on the merits after a three day trial held on November 3-5, 1980. It is based on an allegation of breach of contract by plaintiff on a “Deferred Employment Compensation Agreement.” The defendant denies the validity of the agreement and asserts a counterclaim of losses allegedly incurred by defendant corporation as a result of plaintiff’s conduct.

FINDINGS OF FACT

I. Plaintiff’s Complaint.

1. Plaintiff is a citizen and resident of the State of Illinois. Defendant is a corporation organized and existing under…