ALMAND, Justice.
Dixie Bearings, Incorporated, as plaintiff, brought its action against Claude C. Walker, as defendant, alleging that the plaintiff is a wholly-owned subsidiary of Bearings, Inc., with whom the defendant on June 7, 1961, had singed an agreement for his continued employment by Bearings, Inc., and/or any of its subsidiaries by which the defendant covenanted "that he would not, for one year following the date of termination of his employment with Bearings...
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