Full text: Report on profit-sharing and labour co-partnership in the United Kingdom

129 
[general form for profit-sharing scheme : 
CASH BONUS. 
(9.) Proviso in Event of Damage.—If an employee ceases to be in the 
service of the firm by reason of any wilful act or default on his part 
causing loss or damage to the firm, or is at the time indebted to the firm, 
his bonus shall be applied to making good such loss or damage or to 
payment of such debt. 
(10.) Partnership not conferred.—The employees or any of them will 
have neither the rights nor liabilities of partnership; nor are they to 
intermeddle or be concerned in the management or the accounts of the 
business. 
(11.) Alteration of Pules.—Alterations or modifications of these rules, 
which experience may suggest as desirable, may from time to time be 
made by the firm; but such changes, unless made during some month 
of January, are not to take effect until the end of the financial year 
current at the time they are made. 
(12.) Definitions.—In these rules, words importing the masculine gender 
include also females: 
“ Firm ” includes the present members of the firm, as also any person 
or persons succeeding to the business; 
“ Business ” means the business of the firm, whatever changes may 
take place in the nature or branches of such business or places where 
the same is carried on; 
“ Financial year ” means the year from the 1st of January to the 1st 
of January; 
“ Scheme ” includes all relations between the firm and employees under 
these rules. 
Dated this day of 1890. 
(Signed) 
[Form of Request under Rule 4.] 
To Messrs. 
-18 . 
I beg to request you to place my name on the list of profit-sharers, 
and I hereby agree to accept tho rules for the time being of the profit- 
sharing scheme. 
(Signed) 
Name (in full) 
Address (in full) — 
This form should be handed to the firm on or before February 1st. 
[Form of Accountant’s Certificate, Rule 3.] 
18 . 
I have examined the Balance-Sheet and Profit and Loss Account of 
Messrs. for the year ending 31st December, 
1890, and also the Wages Inst for January, 1890, and certify that under 
the rules of the “ Profit-sharing Scheme,” the bonus permits of a dis 
tribution of weeks’ wages for each participant, and that there 
remains an undivided balance equivalent to about days’ wages to be 
carried forward to the credit of the Employees’ Bonus Fund of next 
year. 
24548 
Chartered Accountant. 
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