Vaughn signed an agreement not to compete, dated March 30, 2007. The agreement provided that Vaughn would be paid a signing bonus of $15,000, a base annual salary of $150,000, and a bonus in accordance with Intrepid's directional drilling specialists sales commission plan. Vaughn and Intrepid signed a three-year employment agreement. Vaughn received $3.43 million of the sales proceeds, and he became an employee of Intrepid. In March 2007, Intrepid purchased VGS from Vaughn and his mother, Carolyn, for $7,000,000. After leaving Intrepid, Vaughn formed another directional drilling company, Vaughn Guidance Systems, LLC (VGS). Vaughn worked as a salesman for Intrepid for nine months before leaving in 2004 or 2005. Intrepid performs directional drilling services.
INTREPID DIRECTIONAL DRILLING TRIAL
In this interlocutory appeal, Vaughn and East Coast appeal from the trial court's order granting the temporary injunction. obtained a temporary injunction enforcing *933 covenants not to compete against its former employee Brad Vaughn and East Coast Directional Drilling, Inc. Intrepid Directional Drilling Specialists, Ltd. Panel consists of: WRIGHT, C.J., Justice McCALL, J., and STRANGE, J. Butts, Cotton, Bledsoe, Tighe & Dawson, Midland, for appellee. McKinney, McKinney & Tighe, L.L.P., Midland, for appellants.īrian Matthew Catalano, David W. 11-08-00259-CV.Ĭourt of Appeals of Texas, Eastland. INTREPID DIRECTIONAL DRILLING SPECIALISTS, LTD., Appellee. 288 S.W.3d 931(2009) Brad VAUGHN and East Coast Directional Drilling, Inc., Appellants,
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