Rayne v. Wackenhut Corp.

TILLMAN PEARSON, Judge.

Montague Fred Rayne, who is the appellant here, was an employee of the defendant, The Wackenhut Corporation. The defendant, George R. Wackenhut, is the founder and president of the defendant corporation. Rayne, who had previously been the resident manager of The Wackenhut Corporation in the territory of Puerto Rico, entered into a contract with the corporation by which he agreed to become a vice president of the corporation for a period of three years.

Rayne’s compensation was set in the agreement with the provision that, for the period ending December 31, 1961, he was…