Jerry D. McPherson v. Haemonetics Corporation, Inc.

73 F.3d 369 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Jerry D. MCPHERSON, Plaintiff-Appellant, v. HAEMONETICS CORPORATION, INC., Defendant-Appellee. No. 94-15955. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 15, 1995. Decided Dec. 22, 1995. 1 Before: SCHROEDER and ALARCON, Circuit Judges, and PANNER, * District Court Judge. 2 MEMORANDUM ** 3 This is an action filed by plaintiff Jerry McPherson against Haemonetics Corp. arising out of Haemonetics' termination of McPherson's employment in January, 1991. At the time of the termination, McPherson held 100 shares of equity stock in Haemonetics which he previously purchased under the terms of an agreement Haemonetics entered into with a select group of employees. That purchase agreement provided that if McPherson ceased his employment with the company, then he "shall sell and the company shall purchase" all shares of the stock at a purchase price to be determined in accordance with the terms of…