White v. Fletcher/Mayo/Associates,
251 Ga. 203 (1983)
Legal Analysis
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Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
White (P) began his work in advertising with FMA (D) in Missouri, was eventually transferred to Atlanta and became a senior vice president. D began merger talks with Doyle Dane Bernbach, and a deal was reached. P had purchased stock in D over a period of time and owned 7114 share of D's common stock. The book value was $85,000. P voted in favor of the merger and got $145,000 in Doyle Dane stock. Prior to the merger, P had no written employment contract, and D and Dane conditioned its purchase of D on P's signature on agreements containing restrictive covenants in favor of D and Doyle Dane. D was told that he should sign the agreements because they were necessary to guarantee his job and secure broader career opportunities for him. It was a fact that P had D's biggest client under his care and supervision as well as other clients and he was considered a key employee. P signed and soon after the merger, he was fired. P sued over the covenants. The trial judge found them overbroad and blue-penciled them and then ordered them enforced. P appealed.
Issues
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Holding & Decision
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