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WALDORF v. KMS INDUSTRIES, INC.

Docket No. 8,146.

25 Mich. App. 20 (1970)

181 N.W.2d 85

WALDORF v. KMS INDUSTRIES, INC.

Michigan Court of Appeals.

Decided June 26, 1970.

Attorney(s) appearing for the Case

Miller, Canfield, Paddock & Stone (George E. Parker, III, Gilbert E. Gove, and Carl H. von Ende, of counsel), for plaintiff.

DeVine & DeVine, for defendant.

Before: R.B. BURNS, P.J., and FITZGERALD and DANHOF, JJ.

R.B. BURNS, P.J.

Plaintiff left his position of prior employment in 1967 and joined the defendant company, a Delaware corporation with its principal office in Michigan. Part of the inducement for the plaintiff to join the defendant corporation was a promise of a stock transfer which was incorporated into an agreement signed one day after the plaintiff joined the defendant company. The contract provided that the defendant would sell plaintiff 2,500 shares of its common...

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