Goellner v. Goellner Printing

KENNETH M. ROMINES, Judge.

This case involves the interpretation of a provision in a retirement agreement. Er-lene Goellner (Erlene) appeals the Judgment of the Circuit Court of St. Charles County, the Honorable Nancy L. Schneider presiding, which construed the retirement agreement against Erlene.

Erlene’s husband, Glennon Goellner, and his twin brother, Clarence Goellner, each owned a 50% interest in Goellner Printing (GP). In anticipation of their retirement, each brother entered an Executive Compensation Agreement (Agreement) with GP on 14 February 1977. Paragraph 2 of the Agreement stated:

Th…