HOLMES AND NARVER ENGINEERS Page 1 of 1 Contract AT-(29-1)-507 FRINGE BENEFIT POLICIES Fiscal Bulletin No. 1 Revision No. 2 April 4, 1950 TO: THE STAFF FROM: C. H. THOMPSON, CHIEF FISCAL OFFICER Fiscal Bulletin No. 1, as revised, is hereby supplemented to in- corporate therein the following Fringe Benefit Provision conforming to our previously established policy: At the discretion of our management, payment of premiums on short term life, health or accident insurance phlicies, secured for executives and key personnel engaged in hazardous assignments and/or assignments of an unusual nature, voiding or limiting the protection provided the employee by his personal insurance coverage. For several years our management has considered inauguration of: (a) Group Insurance Plan (with employees and employer participating jointly in the premiums payments) (b) Employees Pension Plan (on a joint employee- employer cost participation basis) Subject Fiscal Bulletin is hereby amended to provide that immedi- ately upon installation of either (or both) plans (a) and (b) above, such plans shall automatically become an integral part of our established employee Pringe Benefit Program. CHT: RLC: vp ce: J. W. Carlson C, H. Thompson Chief Fiscal Officer Auditor in Charge C. H. Thompson Controller (3) 11-69