Parker

The appellants are former employees of BankAmerica Corporation (“former employees”). They appeal from the order granting BankAmerica Corporation’s (“BankAmerica”) motion for summary judgment. The former employees were originally employed by Security Pacific Bank of Washington (“Security Pacific”). On April 22, 1992, they became BankAmerica employees when BankAmerica merged with Security Pacific. BankAmerica sold the business units where the former employees worked to Key Bank and West One Bank on September 4,1992. This divestiture was required by the State of Washington as a condition of the state’s approval of the merger. As employees of Key Bank or West One Bank, the former employees received positions with comparable responsibilities and salaries as the positions they held with BankAmerica.

The former employees contend that because their positions with BankAmerica were terminated when their business units were sold to Key Bank or West One Bank, they are entitled to benefits under the BankAmer-ica Merger Transition Program (“MTP”). The former employees also maintain that the BankAmerica Corporation Employee Benefits Administrative Committee (“BankAmeri-ca Benefits Committee”)…