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INVESTORS DIVERSIFIED SERVICES v. McELROY

No. 2771cv.

645 S.W.2d 338 (1982)

INVESTORS DIVERSIFIED SERVICES, INC., et al., Appellants, v. Ronald E. McELROY, Appellee.

Court of Appeals of Texas, Corpus Christi.

November 18, 1982.

Attorney(s) appearing for the Case

Joseph A. Cohn, Jr., Wood & Burney, Corpus Christi, for appellants.

Allen S. Lawrence, Jr., Ellis, Andrews & Lawrence, Inc., Aransas Pass, for appellee.

Before BISSETT, YOUNG and KENNEDY, JJ.

OPINION

KENNEDY, Justice.

This action was brought by Investors Diversified Services, Inc., et al, against its former employee, Ronald E. McElroy, to enforce the following noncompetition covenant in an employment contract executed during the latter's employment:

"For a period of one year following termination of this Agreement, Second Party will not directly or indirectly offer for sale, sell, or solicit an application for any security issued by...

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