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SULLIVAN v. EMPLOYERS EQUITABLE LIFE INS. CO.

No. 85-231.

698 S.W.2d 510 (1985)

287 Ark. 310

Gordon L. SULLIVAN, Appellant, v. EMPLOYERS EQUITABLE LIFE INSURANCE COMPANY, Appellee.

Supreme Court of Arkansas.

November 12, 1985.

Attorney(s) appearing for the Case

Jim O'Hara, N. Little Rock, for appellant.

Davidson, Horne & Hollingsworth by Robert J. Fuller, Little Rock, for appellee.

HICKMAN, Justice.

Gordon L. Sullivan was at one time president of Employers Equitable Life Insurance Company. He sued the company on a contract for monthly 5% overwrite commissions due him for developing a marketing program to increase company sales. It was alleged that the contract was orally agreed to by Lester Banfield, the majority stockholder and chairman of the board of directors, and executed at Sullivan's direction by two company officers, Vice-President Dewey...

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