The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-06


written We arc advised that during the year
1915 there pnid out to each holder OF
tnna $50 and Idaho Slb Tho one dollar on
each thousand dollars worth OF Insurance upon
which III, above distribution was made. II
viii be noticed. has been reserved from tnc
Assignment undc by tho company OF the pre-
mium loading to tho Western Agency com
rany so that this amount is not included in
tho amount paid to tho Western Agency COM
2=ny.
Contract With Locker.
on tho 9th day OF February. 1908. the com
Locker, a eopy on which is inserted
Contract between the Continental rife In
surance and Investment company and r. -.
Locker: This agreement made this Efth day
OF February. 1905. by and between the CON
tinentnl Life Insurance and Investment com
Locker or snlt Lake city. Utah, party OF the
second part.
wi:nesscth That said parties hereby mu-
tuol!y covoannt and agree with each other os
l. That tho eaId party OF the hrst part doth
hereby appoint the said party Of the second
part as agency manager for the ton-payTncnt
Investment bond. or policy. 10 be placed on the
market by tho pnrty Of the first pnrt
. Party Of tho second part ngrccs 10 DC,
vote HE entire time 10 procuring osentH and
writing Insurance IN the special dcrar .nen' o'
the Investment bond referred 10 cboNe.
Direct With Company.
for agents contracts furnished by the party OF
tho nrst part. and all agents contracts are
direct with party OF the nTSt part
& II is agreed that the party OF the first
part shall furnish a suitable Office for the
party OF the second part 20 conduct the busi-
under this contract. and the party OF
tho nrst part shall pay the rent for this
Office and furnish II with suitable furniture.
staticnory nnd the necessary literature per
tolnlng TO this Investment bond. free OF cost
the party Of the second part. and VIII allow
sixty dollars 10000 per month for oncs eN-
less than one thousand dollars $1,000 In &c
ceptsble premiums arc secured in the above
named investment bond department INC rssll salu
Office furniture end fixtures shall be tne prop
erty OF tho party OF tho frat part and tno
Office shall bo known as branch ONCE OF tho
Continental LIFE ln5urencc and Investment
s. The party OF the second part. and the
agents in the said department. ere to use
only literature Illustrations and estimates fur
nished by the party OF tho nrat paTt
Regulating Compensation.
6. The compen sation to tho party OF tho
second part for services Included under this
contract shall be as follows:
brokerage commission OF slxty-nNe per
cent (55 per cent? tho first years premium
OF oll pad-for business procured directly by
the party OF the second part and bonus on
all pnid-for business written by the agents
secured BY Ead party OF the second part, OF
working under his supervision. equivalent TO
the difference between siKty-f1ve per cent to5
per cent? commission and the commissions
paid 10 said agents as per the following sched-
ulc which shall be Il part OF each agents
contract to-wlts
For the nrst year OF insurance only:
TO 500 OF premiums in any calendar month,
and a bonus OF ten per cent eNtrn on all paid
any one calendar month, and 800 extra bonus
on the business OF each agent procuring an
average OF 1850 in premiums per month during
the year OF twelve consecutive months.
Payment of Commissions.
The commissions and bonuses which may be-
come due to the party OF the second part under
this contract arc to be paid by the party OF
the FIRST part when the premiums are paid
TO the party OF tho first part
: IL Ia agreed and understood that thirty
fvc per cent rs per cent? OF oil cnsh collected
cured by the party OF the second part shall
accompany applications therefor. and that
notes In settlement Tor q part or all OF the
nrst years premiums shall accompany appli-
cations therefor
3. 1t Is agreed that monthly statements shsll
10 the marty Of the second part OF all business
transacted under this contract
o II Is hereby nGrecd and undorstocd that
party OF tho second part shall act under the
general direction OF tho party of the nrst
part
Termination Clause.
10 II Is agreed that either party to this
agreement for cause, by giving the other thirty
days notice in writing to that effect
shall be construed by the party OF
the first part follows; The withdrawal OF
the above described investment bond. or policy.
from the market. or the conducting OF the |
by the party OF tho second part IN a
manner detrimental TO tho interests 81 tho |
party OF the frat part.
In witness whereof the parties to this agree |
ment have executed the same the day and /
year nrst above written.
CONTINENT AL LIFE INSURANCE AND |
INVESTMENT COMPANY.
HIRAM TyREE. President
p. b. LOCKER. Pnrty ot the Second Port
Investment Bonds Written.
Under this contract about 500 c0o worth OF
Investment bonds have been written by the |
company and Il has proven valuable con-
ract to both parties Interested
We call attention to the fact that during
he yenr 1904 the annual salorics OF the ofii-
,crs OF the company were paid at the follow
ng rate:
icber NJ Wells. president. -......... 5000
4 Tyres, vice president and manager. 5000
u. II. Cunningham. secretary .s........- 1850
frank Pierce. general counsel ..,..-....- 1900
L. - Mayo. medical director ..r.,....... 1000
Total .s..,...s...ss ,'...... .sSVp
rhia ,.n,,Id hn ~ the r-,tn Of tsfnn r.r rnnr |