Claimant was employed by a packaging business in which he was also an officer, director and 50% shareholder. In 1994, a dispute arose between claimant and his coshareholder over the terms of their shareholder's agreement. The dispute was resolved in April 1995 when claimant entered into a settlement agreement with the corporation in which he agreed to sell his shares and, in conjunction therewith, resigned from his positions with the corporation. We find that substantial...
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