Braun v. Fleming-Hall Tobacco Co.

Tunnell, Justice,

delivering the opinion of the court:

Fleming-Hall Tobacco Co., Inc., a corporation, hereinafter called “Fleming-Hall”, was organized under the laws of the State of Delaware in 1945.

From the time of Fleming-Hall’s origin one Sol C. Korn, hereinafter called “Korn”, has been its president. Since 1947 Korn’s salary has been $2500 per month, plus expenses. The most recent employment contract with Korn retains his services to the company at the above-stated salary for a further period of five years, beginning on January 1, 1950.

Fleming-Hall, as the major feature of its general…