In re the Arbitration between Pfitzner & McCabe

This is a proceeding to stay arbitration of a dispute concerning bonus compensation due under three separate contracts of employment. Each contract provided for arbitration of disputes arising out of or in connection with the agreement or its performance.

The first contract was executed on October 26, 1953, and provided for payment to the employee McCabe of a bonus equal to 20% of the net profits. The employee claims no profit and loss statement was ever shown to him, and that he cannot determine whether he was adequately compensated. That fact is of no importance here. The agreement was…