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CONSOLIDATED ENGINEERING CORP. v. NESBIT

Nos. 12582-12584.

102 F.Supp. 112 (1951)

CONSOLIDATED ENGINEERING CORP. v. NESBIT. CONSOLIDATED ENGINEERING CORP. v. COLVIN. CONSOLIDATED ENGINEERING CORP. v. BRADBURN.

United States District Court S. D. California, Central Division.

October 10, 1951.

Attorney(s) appearing for the Case

Latham & Watkins, Austin H. Peck, Jr., Los Angeles, Cal., for plaintiff.

Willis Sargent and Sidney H. Wyse, Los Angeles, Cal., for defendants.

WESTOVER, District Judge.

The plaintiff in the above entitled actions had among its personnel some sixteen key employees. Being unable to pay its employees additional compensation to induce them to remain in the employ of plaintiff corporation in such key positions, in lieu thereof the corporation gave to each of its sixteen key employees an option agreement, covering a period of five years, which gave to these key employees...

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