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CARDELLA v. SEITHER & CHERRY CO.

No. 2-58916.

255 N.W.2d 129 (1977)

R. W. CARDELLA, Appellant, v. SEITHER & CHERRY COMPANY and Central National Bank & Trust Company, Appellees. John SCHNEIDER, Appellant, v. SEITHER & CHERRY COMPANY and Central National Bank & Trust Company, Appellees.

Supreme Court of Iowa.

June 29, 1977.

Attorney(s) appearing for the Case

James P. Hoffman and Michael P. Short, Keokuk, for appellants.

Norman, Younggren & Webber, Keokuk, for appellees.

Heard by MOORE, C. J., and MASON, REES, UHLENHOPP and HARRIS, JJ.

UHLENHOPP, Justice.

This appeal involves the issue of whether the interests of two employees in a profit sharing plan were fully vested.

The employer, Seither & Cherry Company, established a profit sharing plan for certain employees, effective March 31, 1966. Central National Bank & Trust Company was and is trustee of the trust under the plan. Plaintiffs Ronald W. Cardella and John Schneider were employees of Seither & Cherry. Cardella joined the...

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