LAMONT v. BURDETT OXYGEN CO. OF CLEVELAND, INC.

Docket No. 2,693.

8 Mich. App. 469 (1967)

154 N.W.2d 605

LAMONT v. BURDETT OXYGEN COMPANY OF CLEVELAND, INC.

Michigan Court of Appeals.

Decided November 30, 1967.


Attorney(s) appearing for the Case

Wells & Fisher, for plaintiff.

Fenton, Nederlander, Tracy & Dodge, for defendant.


LESINSKI, C.J.

The instant matter was tried upon stipulated facts in the common pleas court for the city of Detroit. The defendant appeals from an adverse ruling of that court.

On August 1, 1963, the plaintiff, as an employee of the defendant company, was offered a restricted stock option which by its terms granted to an employee the right to purchase annually specified amounts of the company's common stock at prices set forth in the option. The grant of the...

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