Corbett v. Noel

This case is before us on report upon an agreed statement of facts. Five former employees seek an interpretation of the provisions of the Salary Bonus Plan Trust (the “Trust”) of the Fort Halifax Packing Company to determine the extent of their vested rights and the amounts to which they are entitled under the Trust.

The amount in controversy as of July 31, 1964, was $7,492.52. The decision will determine whether this amount belongs to the five plaintiffs who ceased to be employees in 1961 and 1962, or to the fourteen defendant salaried employees with the Company on the termination of the…