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POWELL ELECTRICAL MFG. CO., INC. v. WILLIAMS

No. 1053.

515 S.W.2d 156 (1974)

POWELL ELECTRICAL MANUFACTURING COMPANY, INC., et al., Appellants, v. Harley H. WILLIAMS et al., Appellees.

Court of Civil Appeals of Texas, Houston (14th Dist.).

October 23, 1974.

Attorney(s) appearing for the Case

William M. Schultz, Houston, for appellants.

Max H. Jennings, Clawson & Jennings, Perry G. Gathright, Gathright & Lucas, C. Dudley Dearman, Weaver & Dearman, Houston, for appellees.

TUNKS, Chief Justice.

In 1968 Harley H. Williams and Charles Bundick were the owners of the stock of Magnetic Industries, Inc., a Texas corporation. They sold their stock in that corporation to Powell Electrical Manufacturing Company, Inc. Along with that sale they each entered into a five year contract of employment with Powell under which they agreed not to compete with Powell for five years after the termination of their employment. Thereafter Magnetic Industries...

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