California Court of Appeal

Contract with former employer to be paid "deferred compensation" of $2.75 million over a period of 23 years, at the rate of $10,000 per month, and to be paid $150,000 for the redemption of 300,000 shares of stock (about 30% of outstanding shares), was not a disguised stock redemption nor tax evasion, and is enforceable.

Appellate Information

• Decided 03/21/2006
• Published 03/21/2006

Judges

Court

• California Court of Appeal

Counsel

• For Appellant:
  
• Meisenheimer Herron & Steele, Matthew V. Herron and Robert M. Steele, San Diego, for Plaintiff and Appellant.


• For Appellees:
  
• Jeffer, Mangels, Butler & Marmaro, Melvin N.A. Avanzado and Matthew D. Hinks, Los Angeles, for Defendants and Respondents.