Chambers v. Beaver-Advance Corp.

Opinion by

Mr. Justice Bell,

The question raised in tbis appeal involves tbe validity of a bonus under the particular facts of this case.

Appellant, who is a director and the owner of 43% of the corporation stock, brought a complaint in equity against the corporation and the other two directors and stockholders (a) to restrain them from paying additional compensation in the nature of a bonus for services rendered by them as president and secretary respectively for the year 1956, and (b) to restrain them from paying any other officer of the defendant corporation any sum of money by way of bonus,…