PZ 3083/39 'Bahrain Petroleum Company Ltd. Booklets on 'Pound Sterling Thrift Plan' and 'US Dollar Thrift Plan'.' [‎13r] (25/76)

TERLING THRIFT PLAN
:ctive on and after July 1. 1939. •
ship in the Plan is restricted to Employees
as Class I employees who:
oreign service agreements which provide
their salaries in Rupees Indian silver coin also widely used in the Persian Gulf. ;
r\
Members’ Regular Contributions
5. Each Member shall make regular contributions to the Fund
equal to either 2y 2 %, or 5%, or 7V^% only of his current monthly
Salary, which amounts shall be deducted by the Company from his
monthly Salary and paid to tire Trustees. In order to facilitate
accounting, no contributions shall be permitted or deductions made
from salaries payable for fractional months at the beginning or
termination of Continuous Service. The percentage initially to he
deducted shall be stated in the application, but shall be subject to
change by the Member on written notice to the Company effective
the first day of January or July following receipt of such notice
by the Company.
;r:
Continuous Service with the Company, or
service with an Affiliated Company, or
service part of which is Continuous Ser-
lompany and the remainder of which is
Affiliated Company;
ntly with admission as Members, cease
nembers under an annuity, pension, or
ffiliated Company;
up on the Company’s regular form of
s purpose by the Company in writing.
shall become a Member on the first day
owing the date on which the Company
m shall continue until the death, termina-
cice, or withdrawal of the Member. Xo
im the Plan, except as provided under
Members’ Additional Contributions
6. In addition to his regular contributions made under Rule 5
above, a Member who:
(a) Has become a Member on or within three months after the
effective date of the Plan;
(b) Has completed more than six months of Continuous Service
prior to the effective date of the Plan;
(c) Did not have the option to become a member of an annuity
or group life insurance and pension plan of an Affiliated
Company; and,
(d) Gives written notice to the Company within one year after
the effective date of the Plan, on the form provided by the
Company for this purpose;
may make an additional contribution to the Fund of an amount
not exceeding 5% of the total Salary received by him from the
Company during the period (except the first six months) of his
Continuous Service prior to the effective date of the Plan. Such
contribution shall be made in monthly installments, equal to 5% of
his current monthly Salary, which installments shall be deducted
by the Company from the Member’s Salary during his Continuous