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RUSSELL v. PRINCETON LABORATORIES, INC.

50 N.J. 30 (1967)

231 A.2d 800

JOHN T. RUSSELL, PLAINTIFF-APPELLANT, v. PRINCETON LABORATORIES, INC., A CORPORATION OF NEW JERSEY, G. MINOT D'ARCY, TRUSTEE, WILLIAM KLEINBERG, RUTH L. KLEINBERG AND EDITH GUERTLER, AS MEMBERS OF THE ADVISORY COMMITTEE OF PRINCETON LABORATORIES EMPLOYEES PROFIT SHARING TRUST, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided July 10, 1967.

Attorney(s) appearing for the Case

Mr. Michael F. Spicer argued the cause for appellant (Messrs. Jamieson, Walsh, McCardell & Moore, attorneys).

Mr. William Miller argued the cause for respondents.

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

This case involves a dispute as to the amount payable to an employee from an employees' profit-sharing trust upon the termination of his employment. On cross-motions for summary judgment, the trial court found against the employee. The Appellate Division affirmed, and we granted certification. 47 N.J. 574 (1966).

The trust was created in the light of section 401 of the...

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