Schotter v. Carnegie Steel Co.

Citations

• 272 Pa. 437
• 116 A. 358
• 1922 Pa. LEXIS 844

Syllabus

<p>Contract — Master and servant — Compensation—Allotments of stock — “Voluntarily quit” employment.</p> <p>1. Where a contract of employment between a corporation and one of its employees provides that the employee should have the right to participate as “special compensation to employees under bonus plan,” in allotments of stock, but that this right should be forfeited if the employee should voluntarily quit the company’s service within five years, the right is forfeited if the contract of employment is terminated by mutual consent within five years.</p> <p>2. To “voluntarily quit” the employment, means to quit without coercion or compulsion.</p>