Rankin v. Kellam

The purpose of the Profit-Sharing and Incentive Plan before us is stated to be:

“Purpose

“The purpose of this Plan is to help employees provide security for their retirement and to provide a means for the sharing with employees of profits of the Employer,”

“Employees” in the Plan are defined by it to mean “all active officers of the Corporation and all employees receiving compensation for their services.”

*312Section 2-2 of the Plan provides:

“Section 2-2. Participants. All employees who have or will have, completed one year of continuous service with the Employer shall become eligible to participate…