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HADDAD v. ELECTRONIC PRODUCTION & DEVELOPMENT

Docket No. 27099.

219 Cal.App.2d 137 (1963)

33 Cal. Rptr. 89

MICHAEL J. HADDAD, Plaintiff and Appellant, v. ELECTRONIC PRODUCTION & DEVELOPMENT, INC., Defendant and Respondent.

Court of Appeals of California, Second District, Division Four.

August 8, 1963.

Attorney(s) appearing for the Case

V. Lane Knight for Plaintiff and Appellant.

Howard W. Hart and Edmund R. Mietus for Defendant and Respondent.

BURKE, P.J.

Plaintiff was a director of defendant corporation and the corporation, desirous of expanding its operations, proposed to sell to the public 150,000 shares of its stock. Considering the value to the corporation of the continued service of its key personnel, the directors contemplated providing for the issuance of options to such directors to purchase additional shares of stock of the corporation for a minimal price for a limited period, provided they remained...

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