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REESE v. ADMINISTRATIVE COMMITTEE

Docket No. 26684.

218 Cal.App.2d 646 (1963)

32 Cal. Rptr. 818

GEORGIANNE REESE, a Minor, etc., et al., Plaintiffs and Respondents, v. ADMINISTRATIVE COMMITTEE OF THE PROFIT SHARING TRUST created by WAYNE MANUFACTURING COMPANY et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division Four.

July 25, 1963.

Attorney(s) appearing for the Case

Charles J. Katz and Louis C. Hoyt for Defendants and Appellants.

Jackson S. Niebrugge and Frank G. Brookings for Plaintiffs and Respondents.

KINGSLEY, J.

The facts involved are not in dispute, substantially all being stipulated and uncontroverted. On December 29, 1953, the Wayne Manufacturing Company (hereafter referred to as either "Company" or "employer") promulgated and created a profit sharing trust (hereafter referred to as "Trust") for the benefit of its then and future eligible employees. The trust instrument delegated to an administrative committee, composed of employees of the Company, the power...

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