Abell v. Fidelity Bank

STIVELY, Jr., J.,

— in this action, Ernest G. Abell and Ralph E. Duey, were formerly employed by defendant, J.V. Calhoun Company. The Calhoun Company is settlor of a profit-sharing trust of which defendant, Fidelity Bank, is trustee. As of January, 1973, plaintiffs were eligible employes under the profit-sharing trust agreement, absent any actions by them which may have forfeited their rights thereunder. As of December 31, 1972, the company had contributed $12,685.29 to the plan on behalf of plaintiff Abell, and $120.76 on behalf of plaintiff Duey. (There were no employe contributions.)

On…