IN RE ESTATE OF GREGORIOU


142 N.J. Super. 465 (1976)

361 A.2d 636

IN THE MATTER OF THE ESTATE OF PANAYOTI E. GREGORIOU.

Superior Court of New Jersey, Morris County Court, Probate Division.

Decided June 1, 1976.


Attorney(s) appearing for the Case

Mr. Albert B. Jeffers for estate of Panayoti E. Gregoriou.

Mr. Yale I. Lazris for First National City Bank (Messrs. Rosenstein and Lazris, attorneys).

Mr. Edward F. Breslin for John E. Deutsch, D.D.S. (Messrs. Breslin and Schepisi, attorneys).


GASCOYNE, J.C.C., Temporarily Assigned.

This case presents a question of novel impression in this State and no case directly in point has been found in any jurisdiction. The facts are simple but their chronology complicates the situation.

At the time of his death decedent was employed by Monsanto Company Monsanto at the executive or management level. In 1969 Monsanto promulgated what is termed as "The Monsanto Management Incentive Plan" (Plan). The avowed...

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