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WHARTON v. FID.-BALTO. NAT. BANK

[No. 133, September Term, 1959.]

222 Md. 177 (1960)

158 A.2d 887

WHARTON, JR. v. FIDELITY-BALTIMORE NATIONAL BANK ET AL.

Court of Appeals of Maryland.

Decided March 28, 1960.

Attorney(s) appearing for the Case

H. Vernon Eney and Robert M. Thomas, with whom were David C. Green, Russell R. Reno, Jr., and Venable, Baetjer & Howard on the brief, for appellant.

Clarence W. Miles, with whom were H. Donald Schwaab and Robert L. Karwacki on the brief, for The Martin Company, one of the appellees.

Submitted on brief by Frank B. Ober and Robert Stinson for Fidelity-Baltimore National Bank, the other appellee.

The cause was argued before HENDERSON, HAMMOND, PRESCOTT and HORNEY, JJ., and NILES, Chief Judge of the Supreme Bench of Baltimore City, specially assigned.

NILES, Chief Judge of the Supreme Bench of Baltimore City, by special assignment, delivered the opinion of the Court.

The question presented in this case is whether a director of a corporation is an "employee" of, or "employed" by, or in the "employment" of the corporation. The case arises upon the interpretation of a restricted stock option agreement and related documents, under the terms of which the option is not exercisable...

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