James L. Stipp v. Wallace Plating

Defendant-appellant Wallace Plating, Inc., is engaged in the business of rechroming bumpers and distributing body shop materials. Plaintiff-respondent James L. Stipp was an employee of appellant from 1960 until 1972, at which time he voluntarily terminated his employment with appellant. At the time of his termination, he was vice president of the corporation. In 1964, appellant established a Pension Trust Plan composed of contributions from the employer and employees. Article V, paragraph 5.11, of the plan provided: