On $15$ October, the two original shareholders issued $40,000$ shares of common stock to a

valued employee $($vice$-$president of marketing$)$ who was being wooed by a rival company.

The employee is prohibited from selling the shares for $5$ years and did sign a non$-$compete

agreement. Recall that the stock has a par value of $$0\mathrm{.}50$ per share. However, the original

partners estimate that the shares have a market value of $$25$ per share.