Hilgenberg v. Iowa Beef Packers, Inc.

SNELL, Justice.

Two cases by the same plaintiffs against the same defendant were consolidated for trial and appeal.

Plaintiffs are former foremen and supervisory employees, as distinguished from hourly workers, employed by defendant Iowa Beef Packers, Inc. Defendant will he referred to as IBP.

The issues involve different benefits claimed by plaintiffs, i. e., right to a bonus for the fiscal year 1965 and the right to exercise a stock option. They stem from the same general program of developing and retaining key personnel.

We will first consider the bonus issue.

In the fall of 1963 IBP purchased…