Greenwood v. Murphy

On March 1, 1920, plaintiff was an. employe of Murphy-Travis Company, a corporation. E. W. Murphy and H. C. Travis, being the principal stockholders in the' corporation, made a written contract with plaintiff in which they agreed that he should have the dividends on 100 shares of the preferred stock of the corporation, 50 shares of which were owned by each of them, while he remained such employe. No time was specified for the duration of this agreement. The parties acted under it until March 1, 1923. This action is to recover $1,000—that being the amount of dividends on this stock the…