PZ 3083/39 'Bahrain Petroleum Company Ltd. Booklets on 'Pound Sterling Thrift Plan' and 'US Dollar Thrift Plan'.' [‎22v] (44/76)

[3]
from venereal disease, or from a non-compliance with the healtlf
regulations of the Company, no right to life insurance benefits under
this plan shall exist.
Life insurance benefits payable under this plan shall be non-assign-
able either by voluntary or involuntary assignment, or by any act
or operation of law and shall not be an asset in bankruptcy or in
solvency, and an attempted transfer or pledge of the same will not
be recognized by the Company and may, at its discretion, work a
forfeiture thereof. Life insurance benefits shall not, under any
circumstances, be or become an asset of the decedent’s estate.
For the purpose of determining the amount of life insurance ben
efits, the Company’s records concerning an Employee’s length of
service and rate of Salary shall be conclusive. In the determination
of the amount of Salary,.wages earned as overtime or as bonus shall
be excluded and only the regular monthly Salary considered.
This plan shall not be construed as giving any Employee the right
to be retained in the service of the Company.
Ihc Company reserves the right, at any time, at its discretion, to
withdraw or modify this plan. The Company guarantees that life
insurance benefits will be paid in accordance with the plan as it is
in effect at the date of the Employee’s death.
All regular Employees of this Company, serving under the terms
of Class I written foreign service agreements, shall be eligible for
the life insurance benefits herein. Employees serving under the
terms of other than Class I written foreign service agreements or
classed under the Company’s regulations as casual employees shall
not be eligible for the life insurance benefits herein. The length of
service to which any Employee shall be entitled through service with
an Affiliated Company and through companies otherwise acquired,
shall be subject to the determination of the Company, whose findings
shall be conclusive.
To the extent that this plan is operative, deduction shall be made
foi any award or payments made under the workmen's compensation
provision of the Employee’s Class I written foreign service agreement
or otherwise.