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McCREERY v. RSA MANAGEMENT

38025.

249 Ga. 43 (1982)

287 S.E.2d 203

McCREERY v. RSA MANAGEMENT, INC.

Supreme Court of Georgia.

Decided February 17, 1982.

Attorney(s) appearing for the Case

Richard H. James & Associates, Richard H. James, for appellant.

Smith, Cohen, Ringel, Kohler & Martin, Robert W. Beynart, E. Kendrick Smith, for appellee.

SMITH, Justice.

Appellee, RSA Management (RSAM), filed an action for specific performance of a stock repurchase agreement the corporation had entered into with appellant McCreery. The agreement obligated appellant to sell back to RSAM certain stock he had received in the corporation in the event his employment with RSAM was terminated. McCreery was "fired" by the RSAM chairman of the board on June 14, 1979, and this action "ratified" by the board on January 30, 1980...

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