OILER v. DAYTON RELIABLE TOOL & MFG. CO.

No. 4463.

42 Ohio App. 2d 26 (1974)

OILER ET AL., APPELLEES, v. DAYTON RELIABLE TOOL & MFG. CO. ET AL., APPELLANTS.

Court of Appeals of Ohio, Montgomery County.

Decided November 14, 1974.


Attorney(s) appearing for the Case

Mr. James D. Zachritz, for appellees.

Mr. Robert J. Stoecklein, for appellants.


CRAWFORD, P. J.

Plaintiffs, the appellees herein, are former employees of defendant Dayton Reliable Tool & Manufacturing Company. As such, they became third-party beneficiaries under a profit-sharing agreement entered into between Reliable and defendant Third National Bank and Trust Company, the trustee.

This agreement was made on August 20, 1963. It provided that on August 31, 1963, and each year thereafter on the same date, which was referred to as the...

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