Rankin v. Kellam

388 S.W.2d 306
CourtCourt of Appeals of Texas
DecidedFebruary 24, 1965
Docket11269
StatusPublished
Cited by6 cases

This text of 388 S.W.2d 306 (Rankin v. Kellam) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Rankin v. Kellam, 388 S.W.2d 306 (Tex. Ct. App. 1965).

Opinions

PHILLIPS, Justice.

This case is before us on an appeal from a summary judgment granted by the trial court.

The suit was originally filed by the plaintiffs below, and the appellants here, who are some of the former employees of Texas Broadcasting Corporation, in Hi-dalgo County, Texas. Their suit was to recover certain profit sharing funds that they allege had accrued to them during their employment with the appellee, Texas Broadcasting Corporation. Appellees, defendants below, are the Texas Broadcasting Corporation and the individual Trustees of the KTBC Profit Sharing and Incentive Trust. The case was removed to Austin after the district court in Hidalgo sustained appellees’ pleas of privilege.

[307]*307The undisputed facts are summarized as follows: Texas Broadcasting Corporation was organized in June 1947, to own and operate radio and television properties. In 1958, the Company acquired KRGV, a radio and television station broadcasting from Weslaco, Texas. The Company operated KRGV until November 1961, at which time it sold the station. Appellants were employees of Texas Broadcasting Corporation at Weslaco, Texas during the time the station was owned by the Texas Broadcasting Company.

In 1956 and before the Texas Broadcasting Company purchased KRGV, it voluntarily instituted a profit sharing plan for the benefit of its employees. The plan took the form of a trust with Trustees appointed by the Company to administer the plan in accordance with the terms and provisions thereof.

The Company has made contributions to the trust in accordance with the terms of the plan in each year since the inception of the plan. Employees make no contribution whatsoever. According to the terms of the trust no amounts contributed by the Company or any other assets of the trust can ever revert to the Company.

On July 1, 1958, ninety-nine employees of KRGV became employees of the Texas Broadcasting Corporation, seventy of whom were eligible for participation and did participate in the plan. Following the sale of KRGV in November of 1961, the Company had in its employ 119 employees, 95 of whom were participating in the plan.

After KRGV was acquired, the employees employed by the Company at Weslaco, including appellants, became eligible for participation and did participate, as provided, in the plan. Accordingly, accounts were set up in the names of each eligible employee, including appellants herein, and credits made to such accounts in accordance with the plan.

When each of the employees of the Company at Weslaco, including appellants, became a participant in the plan, he was given a copy of the plan. Thereafter, in accordance with the requirements of the plan, each participant was given an annual statement showing the financial condition of the plan for that fiscal year.

Prior to the sale of KRGV by the Texas Broadcasting Company an announcement was made to all employees of KRGV that the sale was contemplated and that the Company would retain the employment of those who desired to remain, however the employment would be in Austin. Only two employees of KRGV accepted the Company's offer. All of the other employees, including appellants, terminated their employment.

As stated above, a group of employees whose tenure with the Company terminated, brought this suit for what they allege is their pro rata share of the funds in the plan.

The trial court granted appellees’ motion for summary judgment and denied the various motions of appellants hereinafter discussed.

We affirm the judgment of the trial court.

Appellants’ first six points of error, briefed together, complain of the action of the trial court in failing to grant their motion for summary judgment and in granting appellants’ in that appellants’ accounts were liquidated and established and appellees failed as a matter of law to show any right to these accounts; error of the court in failing to establish that each appellant is a. beneficiary cestui que trust with title to their respective accounts and that appellees, as a matter of law have failed to plead an affirmative defense or superior title to the accounts; that the pleadings before the court including the trust instrument established as a matter of law that appellee Texas Broadcasting Corporation does not have any right or title to the accounts of appellants ; “other” beneficiary appellees have not as a matter of law plead or established any title to the accounts of appellants; that [308]*308Trustee appellees have not as a matter of law plead or established any right, title or interest in the accounts of the appellants.

We overrule these points. Points of error seven and eight will be discussed later in this opinion.

Section 4-2(a) of Article IV entitled “Leaving Employer’s Service” is as follows:

“(a) Before Ten Years of Service. A Participant who leaves the service of the Employer (other than by reason of death, retirement, permanent disability, or authorized leave of absence) prior to completion of ten (10) years continuous employment subsequent to July 1, 1947, shall receive nothing.”

Article IV is entitled Payments to Participants and Beneficiaries.1

Section (b) of Section 4 — 2 of Article IV entitled “after Ten Years of Service” sets out a schedule of the percentages of the fund recoverable for successive years after ten. See foot note No. 1.

Section 11-1 entitled “Employment non-contractual is as follows:'

“Termination of Employment. The employer may terminate the employment of any Participant as freely and with the same effect as if this plan were not in effect.”

Section S — 2(j) states:

“The Trustees shall have absolute power * * * to construe and interpret this agreement.”

Section 5-2 states:

“[The Trustees] determination on all matters relating to the Plan shall be conclusive and binding upon all persons having or claiming to have any interest hereunder.”

The portions of the plan quoted above raise two questions, one, the construction [309]*309of the plan as relates to the appellant employees, the other, the authority of the Trustees to interpret the plan.

With respect to the construction of the plan as it relates to appellant employees, they maintain that the requirement of ten years of service before any participation pertains only to those employed during the “regular course” of business. That when the Company sold Station KRGV terminating their employment as above described that such was a transaction “outside the regular course” of business bringing into operation Article XII of the plan entitled “Modification and Termination.”2 This Article states, among other things, that the employer may modify and amend the plan but that such power must not be exercised retroactively so as to impair the rights of participants insofar as they relate to past contributions to the trust, nor shall any such amendment divest any participating employee of any credit theretofore entered to his account. This Article further states that the Employer may discontinue the plan by giving the required notice or the plan may be discontinued upon other contingencies including that of merger with another corporation not assuming the obligation.

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Rankin v. Kellam
388 S.W.2d 306 (Court of Appeals of Texas, 1965)

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388 S.W.2d 306, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rankin-v-kellam-texapp-1965.