Grich v. Wood & Hyde Leather Co.

OPINION OF THE COURT

Sweeney, J.

Plaintiff was employed by Wood & Hyde Leather Co., Inc., which was later acquired by the Genesco Corporation, and he was a member of a profit sharing plan. On October 26, 1974, *184plaintiff resigned and began employment with M. Frenville Co. It is maintained by plaintiff that in March, 1976, he inquired as to the procedure for withdrawing his share from the plan and was informed that he had forfeited his benefits pursuant to a provision of the plan which permitted forfeiture in the event that an employee left to work for a competitor. Defendants claim that contrary…