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SEYMOUR v. AMERICAN ENGINE & GRINDING CO.

No. 14-95-00238-CV.

956 S.W.2d 49 (1996)

Joann M. SEYMOUR, Individually and as Trustee of the Seymour Family Life Insurance Trust, and as Independent Executrix of the Estate of John Thomas Seymour, Deceased, and as Next Friend of Crystal Marie Seymour; Steven J. Seymour, Individually and as Trustee of the Seymour Family Life Insurance Trust; Cynthia Rose Seymour; and Dale Anthony Seymour, Appellants, v. AMERICAN ENGINE & GRINDING COMPANY and Gilbert Turner, Appellees.

Court of Appeals of Texas, Houston (14th Dist.).

Rehearing Overruled February 27, 1997.

Attorney(s) appearing for the Case

Maron D. Strother, Houston, for appellants.

Allen B. Daniels, Houston, for appellees.

Before MURPHY, C.J., and AMIDEI and ANDERSON, JJ.

OPINION

MURPHY, Chief Justice.

This appeal results after a directed verdict in a declaratory judgment action filed by appellee, American Engine & Grinding Company, Inc. ("AE & G"), which sought to construe a stock purchase agreement ("the purchase agreement") funded by a "key man" life insurance policy on AE & G's employee, John Seymour ("Jack"). Appellants, the deceased employee's family members, appeal the trial court's denial of their counterclaim...

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