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JOHN ALDEN LIFE INS. CO. v. HOME STATE FIN. SERVICES, INC.

No. 83-2044.

448 So.2d 45 (1984)

JOHN ALDEN LIFE INSURANCE COMPANY, a Minnesota Corporation, Appellant, v. HOME STATE FINANCIAL SERVICES, INC., an Ohio Corporation and Combanks Corporation, a Florida Corporation, Appellees.

District Court of Appeal of Florida, Third District.

April 3, 1984.

Attorney(s) appearing for the Case

Paul, Landy, Beiley & Harper and Robert M. Sondak, Miami, for appellant.

Kenny, Nachwalter & Seymour and Thomas Seymour and Sandra I. Tart, Miami, for appellees.

Before SCHWARTZ, C.J., and HENDRY and FERGUSON, JJ.

FERGUSON, Judge.

The issue in this appeal is whether a provision in a written agreement is so ambiguous as to preclude a summary judgment. The questioned paragraph of the stock-purchase agreement reads:

Equitable Consideration. Buyers jointly and severally agree that if, in the period from the date of this Agreement through March 31, 1982, any member(s) of the group purchasing FNB Stock of which they are a part purchases shares of FNB Stock in addition...

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