Krauss v. M. L. Claster & Sons, Inc.

Opinion by

Mr. Justice Roberts,

Appellant, who for some time had been an employee, stockholder and officer of appellee, a firm Avhich sells building supplies and materials, terminated his active relationship Avith appellee in 1966. At this point, appellee and appellant entered into an agreement essentially for the sale of appellant’s stock to appellee. The part of the agreement pertinent to this case provided: “4. Seller employee shall remain an employee . . . for a period of five (5) years from March 1, 1966, at a rate of Five Thousand Dollars per year on a monthly basis, and during such time…