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KLONDIKE INDUSTRIES CORP. v. GIBSON

Nos. S-1348, S-1432.

741 P.2d 1161 (1987)

KLONDIKE INDUSTRIES CORPORATION and Wiley F. Beaux, individually, Appellants and Cross-Appellees, v. Myles F. GIBSON and Bernice Gibson, husband and wife, Appellees and Cross-Appellants.

Supreme Court of Alaska.

As Amended on Denial of Rehearing October 6, 1987.

Attorney(s) appearing for the Case

A. William Saupe, Baily & Mason, Anchorage, for appellants/cross-appellees.

R.R. DeYoung, Wade & DeYoung, Anchorage, for appellees/cross-appellants.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

MOORE, Justice.

Appellees Myles F. "Pat" and Bernice Gibson were employed as resident managers of a resort hotel by appellants Klondike Industries Corporation (KIC) and Wiley Beaux, its sole shareholder.1 The Gibsons' employment contract provided that they would receive a large bonus upon the sale of the hotel on the condition that they were employed when it sold. However, the Gibsons resigned before the hotel was sold...

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