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McCOY v. FLORIDA-GEORGIA TRACTOR COMPANY

No. 72-208.

265 So.2d 710 (1972)

J.F. McCOY, Appellant, v. FLORIDA-GEORGIA TRACTOR COMPANY, Inc., a Florida Corporation, Appellee.

District Court of Appeal of Florida, Third District.

August 29, 1972.

Attorney(s) appearing for the Case

Carr & Warren, Miami, for appellant.

Martin & Martin, Lakeland, for appellee.

Before BARKDULL, C.J., and HENDRY and HAVERFIELD, JJ.

PER CURIAM.

The appellant, who was an employee and stockholder in the appellant corporation, sold his stock to the corporation upon an instalment sale upon the termination of his employment. Said agreement, in part, contained the following provision:

"4. As part consideration of the purchase by Company of the stock of Seller, and for other good and valuable consideration, Seller covenants that he will not on his own account, or as agent or employee, of any...

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