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EXELBERT v. HYDROPHILICS INT'L, INC.

43 A.D.2d 822 (1974)

Myron A. Exelbert, Respondent, v. Hydrophilics International, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

January 22, 1974

Appellant shall recover of respondent $60 costs and disbursements of this appeal. The stock-option plan defendant-appellant was required to adopt under the employment agreement with plaintiff-respondent was one "duly qualified in accordance with the applicable provisions of the Internal Revenue Code". This clear and unambiguous provision, inserted into the agreement at the request of plaintiff-respondent's former counsel, whose...

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