Magnolia Petroleum Co. v. Butler

BROWN, Justice.

D. H. Butler, appellee, had been an employee of appellant, Magnolia Petroleum Company, for many years, but less than twenty, and was retired from service on June 1, 1930, and before he became sixty-five years of age. %)

While appellee was in appellant’s employ, it created at_its own expense, without the aid of finañciaTsúppórnr&m any of its employees, a plan for the benefit of its faithful employees who might be retired from service. The plan was adopted in 1918, and is as follows:

“(a) Regular Retirement: All men who have reached the age of sixty-five years and women fifty-five…