Johnston v. Alloy Distributors, Inc.

CRAIN, Judge.

On August 25, 1982, Robert E. Johnston entered into a written employment contract with Alloy Distributors, Inc. (Alloy). The employment contract provided for a three year term of employment (August 25, 1982 —August 25, 1985) and a restrictive covenant under which Johnston agreed not to engage in any competition in any manner whatsoever with Alloy. The restrictive covenant purported to be applicable regardless of the termination of the employment agreement for any reason. Johnston, as a minority shareholder, also entered into a buy sell agreement with Alloy, granting to Alloy and…