Colonial Mortgage Co. of Indiana, Inc. v. Windmiller

—Windmiller recovered judgment against Colonial for bonus compensation due under an employment contract, and Colonial appeals.

Colonial hired Windmiller in February 1968 as a commercial loan sales representative. He worked with commercial borrowers in putting *537together “loan packages” which were designed to apprise potential lenders of the economic feasibility of a project. When completed, the loan package was presented to long term lenders to induce them to supply the necessary risk capital for the venture. Upon a successful placement Colonial received fees from both the borrower and the…