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

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