Garner v. GIRARD TRUST BANK

Opinion by

Mr. Justice O’Brien,

Appellee, Fred H. Gamer, was an employee of the Binswanger Corporation, which had created a profit-sharing pension trust for its employees. Each employee, including appellee, was given a brochure containing information and conditions of the plan. Under the terms of the trust, a member’s interest became vested after two years of membership. However, any former member forfeited the unpaid vested interest if he entered “into competition with the Company, as determined by the Committee [appointed by the Board of Directors to administer the trust] in its sole…