Plaintiff was previously a managerial employee and stockholder of defendant Minuteman Optical Corporation (Minuteman), a wholesale distributor of eyeglass frames. By agreement dated July 2, 1982, plaintiff and Minuteman formalized the termination of their active business relationship. In it, plaintiff and Minuteman acknowledged the prior cessation of plaintiff's employment and he promised to convey all of his corporate shares to Minuteman. Minuteman in turn agreed to pay...
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