In 1985, Binghamton Bag and Burlap Company was in the business of producing and selling burlap and paper bags out of the Village of Whitney Point, Broome County. Plaintiff's decedent, Sigmund Lenner (hereinafter Lenner), was the president and majority stockholder. In November 1985, most of the assets of Binghamton Bag were sold to defendant. In connection with this sale, Lenner and defendant entered into an employment contract which provided...
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