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WATSON v. BROWER

24 N.J. 210 (1957)

131 A.2d 512

WILLIAM W. WATSON, SCHUYLER E. TYLEE AND UNITED STATES TRUST COMPANY OF NEW YORK, ETC., PLAINTIFFS-RESPONDENTS, v. FRED BROWER, GEORGE PIPLING AND JACQUES WOLF & CO., DEFENDANTS-RESPONDENTS, AND PASSAIC-CLIFTON NATIONAL BANK AND TRUST COMPANY, ETC., DEFENDANT-RESPONDENT AND CROSS-APPELLANT, AND JOSEPH LANG, VARIOUS DEFENDANTS DESIGNATED AS CLASS I AND VARIOUS DEFENDANTS DESIGNATED AS CLASS II, DEFENDANTS-APPELLANTS.

The Supreme Court of New Jersey.

Decided May 6, 1957.

Attorney(s) appearing for the Case

Mr. Milton B. Levin argued the cause for defendants-appellants (Mr. Calvin Chenkin, on the brief).

Mr. Ernest F. Keer, Jr., argued the cause for plaintiffs-respondents (Messrs. Boyd, Dodd, Keer & Booth, attorneys; Mr. Ernest F. Keer, Jr., of counsel; Mr. Charles B. Alling, on the brief).

Mr. Irving Lloyd Gang argued the cause for all defendants-respondents, and cross-appellant (Messrs. Gardner & Williams, attorneys; Mr. Walter F. Hoffman, on the brief).

The opinion of the court was delivered by WEINTRAUB, J.

The executors and trustees under the will of Jacques Wolf filed a complaint in the Chancery Division seeking construction of provisions creating a trust for the benefit of employees of Jacques Wolf & Co., a corporation. The will directs payment of a pension of $125 per month to employees who theretofore retired or thereafter retire after serving 25 years with the company. The issue is whether an employee...

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