New Britain herald., 1919-01-14

eiltS tSecuOn SeYenth) will be for teitcd.
 Subscriptions may not be cancel led in part
 Special Benefits.
 seventh: The special benefits mentioned in this section apply only to shares subscribed for under this agreement.
 When the stock is fully paid for and certificate of stock issued in the name of the subscriber, ne may sell his certificate, but as an induco- ment for him to keep it while remain ing in the service. the following offer is made, to remain in effect for the five years following January, 1920, viz.
 If he will keep the stock and iii January Of each year commencing January, 1920,>WiIl exhibit his certi- hCate to the treasurer of the company together with a statement from a proper official that he has been con- tlnuOuSly in the employ of company during the preceding year. and has shown a proper interest in it's welfare and progress, he will in each of said five years receive a special benefit cash payment Of three dollars per share for each share of stock.
 "A subscriber who has not fully paid his subscription by January in any year, if his subscription is still in force and he has otherwise full filled all conditions Of continuous and faithful service as above provided will be credited on hIs subscription account, with the special benefit of $3 per share.
 Death or Permanent Disability.
 Eighth: If a subscriber dies or is permanently disabled while rendering faithful service during such five year period, payment as follows will be made to him or his estate or benef- ciarY:
 "(a) If his subscription is fully paid and he has received or is entitled 10 receive his certificate of stock, and has not sold or disposed of it, the company will pay as special benefit a sum equal to three dollars per share for each of the five years not then ex- pired.
 ''(b) If his subscription has not been paid in full, the balance of the subs2rir ton will be cancelled ana the company will refund the money heretofore paid in by him, together with the dividends and special bene- fits which have been credited to his subscription account and together also with the spec ial benefits of three dol lars per share for the remainder of the five year period, less interest at Der cent. per annum CT deferred in- stallments to date of p2yn. ent.
 Beneficiary.
 Ninth: A subscriber may name in -;,1+;O Hcr1 cfin n person to whom in the event of his death he desires the corporation to pay all amounts in connection with his subscription which would other wise be payable to his estate. The upon satisfactory proof of death, under the conditions of the will pay to such bene- ficiarv all amounts in connection with the subscription which would other wise be payable to the estate of the When such beneficiary has been named the subscribers es- tate shall have no claim to any such unless the beneficiary should die before the subscriber and in that event payntent will be made to the estate. By written notice delivered to the treasurer of the com pany by which he is employed, a sub scriber may substitute another bene- fciary. consent of previous bene- hciary not being necessary.
 Suspension of Employment.
 '"Tenth: Subscribers whose employ nent has been suspended by reason of the temporary closing of a plant or 7epartmcnt and who shall continue ready and willing when required, to resume their service, will not be de- orived of the special allowance of $3 per share per year during such sus- pension. not exceeding the remainder 1f the five years above mentioned, although they may have accepted anDloyrnent elsewhere during such 5uspension As presumptive evidence # willingness to resume employment he corporation will accept CD from he holders of fully paid subscrip- ions, the exhibition of the original certificate in January cf each year, md (2) from the holders of partly paid subscriptions, the retention by hem of their subscription during the year.
 The above period of suspension will lot be counted as part of the three Jears limited for the full payment of he subscriptions, and during such payments will not be re- tuired. though if so desired by the ,mployo they may be continued
 Failure to present the original cer-