Pugh v. Stockdale & Co.

HALL, Justice:

Plaintiff commenced an action to declare part of the amendment of January 2, 1964, to the Stockdale and Company Profit Sharing Trust invalid and to thus obtain immediate payment of his alleged vested interest therein. The parties stipulated as to the facts and each moved for summary judgment, and from an award of judgment in favor of plaintiff for the sum of $26,806.00 (95 percent of the contributions in his name) defendant appeals.

The pertinent facts stipulated to are as follows: On September 18, 1963, Stockdale *1028and Company, hereinafter referred to as “Stockdale,” adopted the…