Investors Diversified Services, Inc. v. McElroy

OPINION

KENNEDY, Justice.

This action was brought by Investors Diversified Services, Inc., et al, against its former employee, Ronald E. McElroy, to enforce the following noncompetition covenant in an employment contract executed during the latter’s employment:

“For a period of one year following termination of this Agreement, Second Party will not directly or indirectly offer for sale, sell, or solicit an application for any security issued by any company to or from the holder of any security issued or distributed by Distributor ... if Second Party contacted or dealt with such holder during the…