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ANTHUIS v. COLT INDUSTRIES OPERATING CORP.

Nos. 91-3670, 91-3674-91-3676, 91-3893 and 91-3894.

971 F.2d 999 (1992)

John W. ANTHUIS, Jr., Appellant in 91-3670 and 91-3894, v. COLT INDUSTRIES OPERATING CORPORATION, Administrator of the Colt Industries Operating Corporation Severance Plan and the Colt Industries Operating Corporation Severance Plan, Appellants in No. 91-3674. Donald Dale GROSCOST, Appellant in 91-3675 and 91-3893, v. COLT INDUSTRIES OPERATING CORPORATION, individually, and as successor to Crucible Inc., and Colt Industries Operating Corporation, Administrator of the Colt Industries Operating Corporation Key Executive Severance Plan, and the Colt Industries Operating Corporation Key Executive Severance Plan, Appellants in No. 91-3676.

United States Court of Appeals, Third Circuit.

Decided July 27, 1992.

Attorney(s) appearing for the Case

Gregory K. Douglass, (argued), Whitmore, Verlihay & Douglass, Beaver Falls, Pa., for appellants, cross-appellees.

William H. Powderley, III (argued), Paula E. Ganz, Joan C. Zangrilli, Jones, Day, Reavis & Pogue, Pittsburgh, Pa., for appellees, cross-appellants Colt Industries.

Before: HUTCHINSON, COWEN, and GARTH, Circuit Judges.

OPINION OF THE COURT

GARTH, Circuit Judge:

Once again1, we have been called upon to resolve issues raised by two agreements affecting employees of Colt Industries Operating Corporation ("CIOC"). One agreement is known as the Severance Plan. The other has been designated the Continuance Agreement.2 Both the Severance Plan and the Continuance Agreement have...

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