DETAILED ACCOUNT OF VARIOUS SCHEMES. 33 “ The nominal amount of the Partnership Certificates to be distributed amongst all the persons specified in this sub-clause (herein called 1 the Management Class ’) shall not exceed in the whole one-fourth of the total nominal amount of the Partnership Certificates for the time being authorised to be issued. “ (c.) The Salesman Glass.—An employee who is a Manager of a Selling Branch, a Head Traveller, Head Salesman, Assistant Traveller, Assistant Salesman, Advertising Manager, Head Inspector, or Superintendent of the ‘ door to door ’ selling, demonstrating, or other like advertising force, may receive Partnership Certificates for a nominal amount determined by the scale and within the limits of the following Table: — Maximum Nominal Amount Table II. of Partnership Certificates. £ Where annual salary is £750 or upwards ... ... 3,000 Where annual salary is less than £750 and not less than £500 2,000 Where annual salary is less than £500 and not less than £300 1,200 Where annual salary is less than £300 and not less than £200 ... ... ... ... ... 800 Where annual salary is less than £200 and not less than £100 400 Where annual salary is less than £100 ... ... 200 “ The nominal amount of the Partnership Certificates to be distributed amongst all the employees specified in this sub-clause (herein called ‘ the Salesman Class’) shall not exceed in the whole one-fourth of the total nominal amount of the Partnership Certificates for the time being authorised to be issued. “ (d.) The Staff Glass.—Any employee, being a member of the Staff and not included under any of the foregoing Classes, may receive Partnership Certificates for a nominal amount determined by the Scale and subject to the limits of the following Table: — Table III. Where annual salary is £200 or upwards Where annual salary is less than £200 and not less than £100 Where annual salary is less than £100 Maximum. Nominal Amount of Partnership Certificates. £ 800 400 . 200 “ The nominal amount of the Partnership Certificates to be distributed amongst all the employees specified in this sub-clause (herein called the Staff Class ’) shall not exceed in the whole one-fourth of the total nominal amount of the Partnership Certificates for the time being authorised to be issued. Provided that the Holder of the Majority Shares of the Company shall, if he so think fit, be entitled to cause Partnership Certificates to be issued to any of the persons specified in this Clause in excess of the ■maximum nominal amounts above set forth. “ No person shall be qualified for the time being to receive Partnership Certificates under more than one Class. “8. A director or employee may only receive Partnership Certificates, if and so far as the Trustees shall be in a position to issue same to him, having regard to the limits of the total nominal amount of Partnership Certificates wdiich may be issued under the Scheme, and to the limits imposed by the last preceding clause as to the maximum nominal amount 24548 0