Couch v. Administrative Committee of Difco Laboratories Inc.

The Administrative Committee of the Difco Laboratories Incorporated Salaried Employees Profit Sharing Trust appeals from a partial summary judgment in favor of the plaintiff, Frank R. Couch.

Couch was hired by Difco as a salaried employee in 1959. In January, 1962 Difco established a salaried employees’ profit sharing plan. In 1969 Couch chose to terminate his employment with Difco and became an employee of Metrix Clinical and Diagnostics Division of Armour Pharmaceutical Company.

Couch was a participant in the profit sharing plan and the value of his interest in the plan as of December 31,…