5HSXEOLFRIWKH3KLOLSSLQHV
&RQJUHVVRIWKH3KLOLSSLQHV
0HWUR0DQLOD
7KLUG5HJXODU6HVVLRQ
%HJXQDQGKHOGLQ0HWUR0DQLODRQ0RQGD\WKHWZHQW\ILIWKGD\RI-XO\QLQHWHHQ KXQGUHGDQGQLQHW\IRXU >5(38%/,&$&712@ $1 $&7 72 675(1*7+(1 7+( 5(*8/$7,21 $1' 683(59,6,21 2) 7+( 35$&7,&( 2) 7($&+,1* ,1 7+( 3+,/,33,1(6 $1' 35(6&5,%,1* $ /,&(1685((;$0,1$7,21)257($&+(56$1')2527+(5385326(6 %HLWHQDFWHGE\WKH6HQDWHDQG+RXVHRI5HSUHVHQWDWLYHVRIWKH3KLOLSSLQHVLQ &RQJUHVVDVVHPEOHG 6(&7,216KRUW7LWOH²7KLV$FWVKDOOEHNQRZQDVWKH³3KLOLSSLQH7HDFKHUV 3URIHVVLRQDOL]DWLRQ$FWRI´ 6(&6WDWHPHQWRI3ROLF\ ² 7KH 6WDWHUHFRJQL]HVWKHYLWDOUROHRIWHDFKHUVLQ QDWLRQEXLOGLQJDQGGHYHORSPHQWWKURXJKDUHVSRQVLEOHDQGOLWHUDWHFLWL]HQU\7RZDUGV WKLVHQGWKH6WDWHVKDOOHQVXUHDQGSURPRWHTXDOLW\HGXFDWLRQE\SURSHUVXSHUYLVLRQDQG UHJXODWLRQ RI WKH OLFHQVXUH H[DPLQDWLRQ DQG SURIHVVLRQDOL]DWLRQ RI WKH SUDFWLFH RI WKH WHDFKLQJSURIHVVLRQ
6(&2EMHFWLYHV ² 7KLV$FWKDVWKHKHUHLQREMHFWLYHV
D 7KH SURPRWLRQ GHYHORSPHQW DQG SURIHVVLRQDOL]DWLRQ RI WHDFKHUV DQG WKH WHDFKLQJSURIHVVLRQDQG
E 7KHVXSHUYLVLRQDQGUHJXODWLRQRIWKHOLFHQVXUHH[DPLQDWLRQ
6(&'HILQLWLRQRI7HUPV ² )RU SXUSRVHVRIWKLV$FWWKHIROORZLQJWHUPV VKDOOPHDQ
D ³7HDFKLQJ´ ± UHIHUV WR WKH SURIHVVLRQ FRQFHUQHG SULPDULO\ ZLWK FODVVURRP LQVWUXFWLRQ DW WKH HOHPHQWDU\ DQG VHFRQGDU\ OHYHOV LQ DFFRUGDQFH ZLWK WKH FXUULFXOXPSUHVFULEHGE\WKH'HSDUWPHQWRI(GXFDWLRQ&XOWXUHDQG6SRUWV ZKHWKHURQSDUWWLPHRUIXOOWLPHEDVLVLQWKHSULYDWHRUSXEOLFVFKRROV
5HSXEOLF$FW1R
E ³7HDFKHUV´±UHIHUVWRDOOSHUVRQVHQJDJHGLQWHDFKLQJDWWKHHOHPHQWDU\DQG VHFRQGDU\OHYHOVZKHWKHURQIXOOWLPHRUSDUWWLPHEDVLVLQFOXGLQJLQGXVWULDO DUWV RU YRFDWLRQDO WHDFKHUV DQG DOO RWKHU SHUVRQV SHUIRUPLQJ VXSHUYLVRU\ DQGRU DGPLQLVWUDWLYH IXQFWLRQV LQ DOO VFKRROV LQ WKH DIRUHVDLG OHYHOV DQG TXDOLILHGWRSUDFWLFHWHDFKLQJXQGHUWKLV$FW F ³%RDUG´±UHIHUVWRWKH%RDUGIRU3URIHVVLRQDO7HDFKHUVGXO\HVWDEOLVKHGDQG FRQVWLWXWHGXQGHUWKLV$FW G ³&RPPLVVLRQ´±UHIHUVWRWKH3URIHVVLRQDO5HJXODWLRQ&RPPLVVLRQ $57,&/(,, %2$5')25352)(66,21$/7($&+(56
6(& &UHDWLRQ DQG &RPSRVLWLRQ RI WKH %RDUG ²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
7KHFKDLUPDQDQGWKHYLFHFKDLUPDQRIWKH%RDUGVKDOOEHDSSRLQWHGIURPWKHVH ILYH PHPEHUV E\ WKH 3UHVLGHQW 3URYLGHG 7KDW WKH PHPEHUV RI WKH ILUVW %RDUG DSSRLQWHG XQGHU WKLV $FW VKDOOEHDXWRPDWLFDOO\UHJLVWHUHGDVSURIHVVLRQDOWHDFKHUVDQG LVVXHGZLWKWKHFHUWLILFDWHRIUHJLVWUDWLRQDQGSURIHVVLRQDOOLFHQVHXSRQSD\PHQWRIWKH IHHVIRUH[DPLQDWLRQUHJLVWUDWLRQDQGRWKHUIHHVSUHVFULEHGE\WKH&RPPLVVLRQ
6(& 'XWLHV DQG )XQFWLRQV RI WKH %RDUG ² 7KH %RDUG VKDOO KDYH WKH IROORZLQJGXWLHVDQGIXQFWLRQV
D 3URPXOJDWH DGPLQLVWHU DQG HQIRUFH UXOHV DQG UHJXODWLRQV QHFHVVDU\ IRU FDUU\LQJRXWWKHSURYLVLRQVRIWKLV$FWLQDFFRUGDQFHZLWKWKHFKDUWHURIWKH 3URIHVVLRQDO5HJXODWLRQ&RPPLVVLRQ
E 'HWHUPLQHDQGIL[WKHIUHTXHQF\GDWHVDQGSODFHVRIH[DPLQDWLRQDSSRLQW VXSHUYLVRUVSURFWRUVDQGRWKHUSHUVRQQHODVQHHGHGZKRVKDOOEHHQWLWOHGWR D GDLO\ DOORZDQFH WR EH IL[HG E\ WKH %RDUG IRU HYHU\ H[DPLQDWLRQ GD\ DFWXDOO\DWWHQGHGXVHEXLOGLQJVDQGIDFLOLWLHVRISXEOLFRUSULYDWHVFKRROVIRU H[DPLQDWLRQSXUSRVHV
F ,VVXHVXVSHQGRUUHYRNHWKHFHUWLILFDWHRIUHJLVWUDWLRQIRUWKHSUDFWLFHRIWKH WHDFKLQJSURIHVVLRQ
5HSXEOLF$FW1R
G 3UHVFULEHDQGFROOHFWH[DPLQDWLRQDQGRWKHUIHHVDVLWPD\GHHPSURSHU
H 3UHVFULEH DQGRU DGRSW D FRGH RI HWKLFDO DQGSURIHVVLRQDOVWDQGDUGVIRUWKH SUDFWLFH RI WKH WHDFKLQJ SURIHVVLRQ 6XFK HWKLFDO VWDQGDUGV UXOHV DQG UHJXODWLRQV WR WDNH HIIHFW VL[W\ GD\V DIWHU LWV SXEOLFDWLRQLQWKH2IILFLDO
*D]HWWHRULQDQ\QHZVSDSHURIJHQHUDOFLUFXODWLRQ I $GPLQLVWHURDWKVLQFRQQHFWLRQZLWKWKHDGPLQLVWUDWLRQRIWKLV$FW J 6XSHUYLVHDQGUHJXODWHWKHUHJLVWUDWLRQOLFHQVXUHDQGSUDFWLFHRISURIHVVLRQDO WHDFKHUVLQWKH3KLOLSSLQHV K $GRSWDQRIILFLDOVHDORIWKH%RDUG L /RRNLQWRWKHFRQGLWLRQVDIIHFWLQJWKHSUDFWLFHRIWKHWHDFKLQJSURIHVVLRQDQG ZKHQHYHUQHFHVVDU\DGRSWVXFKPHDVXUHVDVPD\EHGHHPHGSURSHUIRUWKH HQKDQFHPHQWDQGPDLQWHQDQFHRIKLJKSURIHVVLRQDODQGHWKLFDOVWDQGDUGVRI WKHSURIHVVLRQ
M (QVXUH WKDW DOO HGXFDWLRQDO LQVWLWXWLRQV RIIHULQJ HOHPHQWDU\ DQG VHFRQGDU\ HGXFDWLRQFRPSO\ZLWKWKHHVVHQWLDOUHTXLUHPHQWVIRUFXUULFXODIDFXOW\DQG IDFLOLWLHVIRUWKHHOHPHQWDU\DQGVHFRQGDU\OHYHOV
N ,QYHVWLJDWHVXFKYLRODWLRQVRIWKLV$FWWKHUXOHVDQGWKHFRGHRIHWKLFDODQG SURIHVVLRQDO VWDQGDUGV IRU SURIHVVLRQDO WHDFKHUV DV LW PD\ FRPH WR WKH NQRZOHGJH RI WKH %RDUG DQG IRU WKLV SXUSRVH WR LVVXH VXESRHQD DQG
VXESRHQD GXFHV WHFXP WR VHFXUH WKH DSSHDUDQFH RI ZLWQHVVHV DQG WKH
SURGXFWLRQRIGRFXPHQWVLQFRQQHFWLRQWKHUHZLWKDQG
O 'LVFKDUJHVXFKRWKHUSRZHUVGXWLHVDQGIXQFWLRQVDVWKH%RDUGPD\GHHP QHFHVVDU\ IRU WKH SUDFWLFH RI WKH WHDFKLQJ SURIHVVLRQ DQG WKH XSJUDGLQJ HQKDQFHPHQWGHYHORSPHQWDQGJURZWKRIHGXFDWLRQLQWKH3KLOLSSLQHV
6(&7HUP RI 2IILFH ²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
5HSXEOLF$FW1R 6(&4XDOLILFDWLRQVRI%RDUG0HPEHUV²(DFK%RDUGPHPEHUPXVWDWWKH WLPHRIKLVDSSRLQWPHQW D %HDFLWL]HQDQGUHVLGHQWRIWKH3KLOLSSLQHV E %HDWOHDVWWKLUW\ILYH\HDUVRIDJHRISURYHQLQWHJULW\DQGSRVVHVVHGRI KLJKPRUDOYDOXHVLQKLVSHUVRQDODVZHOODVSURIHVVLRQDOFRQGXFWDQGKDVQRW EHHQFRQYLFWHGRIDQ\RIIHQVHLQYROYLQJPRUDOWXUSLWXGH
F %H D KROGHU RI WKH GHJUHH RI %DFKHORU RI $UWV RU %DFKHORU RI 6FLHQFH LQ (GXFDWLRQ DQG SUHIHUDEO\ D KROGHU RI D PDVWHU¶V RU GRFWRUDWH GHJUHH LQ HGXFDWLRQRUWKHLUHTXLYDOHQWVIURPDXQLYHUVLW\VFKRROFROOHJHDFDGHP\RU LQVWLWXWH GXO\ FRQVWLWXWHG UHFRJQL]HG DQGRU DFFUHGLWHG E\ WKH 3KLOLSSLQH JRYHUQPHQW
G %H D SURIHVVLRQDO WHDFKHU ZLWK D YDOLG FHUWLILFDWH RI UHJLVWUDWLRQ DQG YDOLG SURIHVVLRQDOOLFHQVHVDYHWKRVHPHPEHUVZKRVKDOOFRPSRVHWKHILUVW%RDUG IRU3URIHVVLRQDO7HDFKHUV
H +DV EHHQ D SURIHVVLRQDO WHDFKHU LQ WKH DFWLYH SUDFWLFH RI WKH WHDFKLQJ SURIHVVLRQDOIRUDWOHDVWWHQ\HDUVLQWKHHOHPHQWDU\DQGVHFRQGDU\OHYHO DQG
I 1RWEHDQRIIFLDORUPHPEHURIWKHIDFXOW\RIQRUKDYHSHFXQLDU\LQWHUHVWLQ DQ\XQLYHUVLW\FROOHJHVFKRRORULQVWLWXWLRQFRQIHUULQJDEDFKHORU¶VGHJUHHLQ HGXFDWLRQ RU LWV HTXLYDOHQWV IRU DW OHDVW WKUHH \HDUV SULRU WR KLV DSSRLQWPHQWDQGQHLWKHUFRQQHFWHGZLWKDUHYLHZFHQWHURUZLWKDQ\JURXSRU DVVRFLDWLRQ ZKHUH UHYLHZFODVVHVRUOHFWXUHVLQSUHSDUDWLRQIRUWKHOLFHQVXUH H[DPLQDWLRQDUHRIIHUHGRUFRQGXFWHG 3URYLGHGKRZHYHU7KDWWKHPHPEHUVKLSWRWKH%RDUGVKDOOEHHYHQO\GLVWULEXWHG WRFRYHUDOOOHYHOVRIHGXFDLWRQLQFOXGLQJHTXLWDEOHUHSUHVHQWDWLRQRWKHGLIIHUHQWILHOGVRI VSHFLDOL]DWLRQ
6(& &RPSHQVDWLRQ RI WKH %RDUG ² 7KH FKDLUPDQ YLFHFKDLUPDQ DQG PHPEHUV RI WKH %RDUG VKDOO UHFHLYH FRPSHQVDWLRQ FRPSDUDEOH WR WKH FRPSHQVDWLRQ UHFHLYHG E\ H[LVWLQJ UHJXODWRU\ ERDUGV XQGHU WKH 3URIHVVLRQDO 5HJXODWLRQ &RPPLVVLRQ FRPSXWHGRQWKHEDVLVRIWKHQXPEHURIH[DPLQHHVFDQGLGDWHV
6(&6XSHUYLVLRQRIWKH%RDUGDQG&XVWRGLDQRILWV5HFRUGV²7KH%RDUG VKDOO EH XQGHU WKH VXSHUYLVLRQ DQG FRQWURO RI WKH &RPPLVVLRQ $OO UHFRUGV LQFOXGLQJ DSSOLFDWLRQV IRU H[DPLQDWLRQ H[DPLQDWLRQ SDSHUV DQG UHVXOWV PLQXWHV RI GHOLEHUDWLRQ DGPLQLVWUDWLYH FDVHV DQG LQYHVWLJDWLYH FDVHV DQG LQYHVWLJDWLRQV LQYROYLQJ SURIHVVLRQDO WHDFKHUVVKDOOEHNHSWE\WKH&RPPLVVLRQ
5HSXEOLF$FW1R
6(& 6HFUHWDULDW DQG 6XSSRUW 6HUYLFH ² 7KH 3URIHVVLRQDO 5HJXODWLRQ &RPPLVVLRQ WKURXJK LWV FKDLUPDQ VKDOO SURYLGH WKH VHFUHWDULDW DQG RWKHU VXSSRUW VHUYLFHVWRLPSOHPHQWHIIHFWLYHO\WKHSURYLVLRQVRIWKLV$FW
6(&5HPRYDORID%RDUG0HPEHU ² 7KHFKDLUPDQRUDQ\PHPEHURIWKH %RDUGPD\EHUHPRYHGE\WKH3UHVLGHQWRIWKH3KLOLSSLQHVXSRQUHFRPPHQGDWLRQRIWKH &RPPLVVLRQ IRU QHJOHFW RI GXW\ LQFRPSHWHQFH XQSURIHVVLRQDO XQHWKLFDO LPPRUDO RU GLVKRQRUDEOHFRQGXFWFRPPLVVLRQRUWROHUDWLRQRILUUHJXODULWLHVLQWKHH[DPLQDWLRQDIWHU KDYLQJ EHHQ JLYHQ WKH RSSRUWXQLW\ WR GHIHQG KLPVHOI LQ D SURSHU DGPLQLVWUDWLH LQYHVWLJDWLRQ
,Q WKH FRXUVH RI LQYHVWLJDWLRQ WKH 3UHVLGHQW PD\ SUHYHQWLYHO\ VXVSHQG WKH UHVSRQGHQW
$57,&/(,,,
(;$0,1$7,21$1'5(*,675$7,21
6(& ([DPLQDWLRQ 5HJLVWUDWLRQ DQG /LFHQVH 5HTXLUHG ² ([FHSW DV RWKHUZLVH VSHFLILFDOO\ DOORZHG XQGHU WKH SURYLVLRQV RI WKLV $FW DOO DSSOLFDQWV IRU UHJLVWUDWLRQDVSURIHVVLRQDOWHDFKHUVVKDOOEHUHTXLUHGWRXQGHUJRDZULWWHQH[DPLQDWLRQ ZKLFK VKDOO EH JLYHQ DW OHDVW RQFH D \HDU LQ VXFK SODFHV DQG GDWHV DV WKH %RDUG PD\ GHWHUPLQHXSRQDSSURYDOE\WKH&RPPLVVLRQ$YDOLGFHUWLILFDWHRIUHJLVWUDWLRQDQGD YDOLGSURIHVVLRQDOOLFHQVHIURPWKH&RPPLVVLRQDUHUHTXLUHGEHIRUHDQ\SHUVRQLVDOORZHG WRSUDFWLFHDVDSURIHVVLRQDOWHDFKHULQWKH3KLOLSSLQHVH[FHSWDVRWKHUZLVHDOORZHGXQGHU WKLV$FW
6(& 6FRSH RI ([DPLQDWLRQ ² 7KH H[DPLQDWLRQV IRU WKH HOHPHQWDU\ DQG VHFRQGDU\ VFKRRO WHDFKHUV VKDOO EH VHSDUDWH 7KH H[DPLQDWLRQ IRU WHDFKHUV LQ WKH HOHPHQWDU\ OHYHO VKDOO FRQVLVW RI WZR SDUWV QDPHO\ SURIHVVLRQDO HGXFDWLRQ DQG JHQHUDOHGXFDWLRQ7KHH[DPLQDWLRQIRUWHDFKHUVLQWKHVHFRQGDU\OHYHOVKDOOFRQVLVWRI WKUHH SDUWV QDPHO\ SURIHVVLRQDO HGXFDWLRQ JHQHUDO HGXFDWLRQ DQG ILHOG RI VSHFLDOL]DWLRQ
6(& 4XDOLILFDWLRQ 5HTXLUHPHQWV RI $SSOLFDQWV ² 1R DSSOLFDQW VKDOO EH DGPLWWHGWRWDNHWKHH[DPLQDWLRQXQOHVVRQWKHGDWHRIILOLQJRIWKHDSSOLFDWLRQKHVKDOO KDYHFRPSOLHGZLWKWKHIROORZLQJUHTXLUHPHQWV D $FLWL]HQRIWKH3KLOLSSLQHVRUDQDOLHQZKRVHFRXQWU\KDVUHFLSURFLW\ZLWKWKH 3KLOLSSLQHVLQWKHSUDFWLFHRIWKHWHDFKLQJSURIHVVLRQ E $WOHDVWHLJKWHHQ\HDUVRIDJH F ,QJRRGKHDOWKDQGRIJRRGUHSXWDWLRQZLWKKLJKPRUDOYDOXHV
5HSXEOLF$FW1R G +DVQRWEHHQFRQYLFWHGE\ILQDOMXGJPHQWE\DFRXUWIRUDQRIIHQVHLQYROYLQJ PRUDOWXUSLWXGH H $JUDGXDWHRIDVFKRROFROOHJHRUXQLYHUVLW\UHFRJQL]HGE\WKHJRYHUQPHQW DQGSRVVHVVHVWKHPLQLPXPHGXFDWLRQDOTXDOLILFDWLRQVDVIROORZV )RUWHDFKHUVLQSUHVFKRRODEDFKHORU¶VGHJUHHLQHDUO\FKLOGKRRGHGXFDWLRQ %(&('RULWVHTXLYDOHQW
)RU WHDFKHUV LQ WKH HOHPHQWDU\ JUDGHV D EDFKHORU¶V GHJUHH LQ HOHPHQWDU\ HGXFDWLRQ%6(('RULWVHTXLYDOHQW )RUWHDFKHUVLQWKHVHFRQGDU\JUDGHVDEDFKHORU¶VGHJUHHLQHGXFDWLRQRULWV HTXLYDOHQWZLWKDPDMRUDQGPLQRURUDEDFKHORU¶VGHJUHHLQDUWVDQGVFLHQFHV ZLWKDWOHDVWWHQXQLWVLQSURIHVVLRQDOHGXFDWLRQDQG
)RU WHDFKHUV RI YRFDWLRQDO DQG WZR\HDU WHFKQLFDO FRXUVHV D EDFKHORU¶V GHJUHH LQ WKHILHOGRIVSHFLDOL]DWLRQRULWVHTXLYDOHQWZLWKDWOHDVWHLJKWHHQ XQLWVLQSURIHVVLRQDOHGXFDWLRQ
6(&5HSRUW RIWKH5HVXOWVRIWKH([DPLQDWLRQ ² 7KH %RDUG VKDOOZLWKLQ RQHKXQGUHGWZHQW\GD\VDIWHUWKHH[DPLQDWLRQUHSRUWWKHUDWLQJVREWDLQHGE\HDFK FDQGLGDWH WR WKH 3URIHVVLRQDO 5HJXODWLRQ &RPPLVVLRQ IRU DSSURYDO DQG DSSURSULDWH DFWLRQ
6(& ,VVXDQFH RI &HUWLILFDWH RI 5HJLVWUDWLRQ DQG 3URIHVVLRQDO /LFHQVH ²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
6(&2DWK%HIRUH3UDFWLFH ² (YHU\UHJLVWUDQWVKDOOEHUHTXLUHGWRWDNHKLV SURIHVVLRQDORDWKEHIRUHSUDFWLFLQJDVDSURIHVVLRQDOWHDFKHU
5HSXEOLF$FW1R
6(&3HULRGLF0HULW([DPLQDWLRQRI7HDFKHUV ² 7R HQFRXUDJH FRQWLQXLQJ SURIHVVLRQDO JURZWK DQG GHYHORSPHQW DQG WR SURYLGH DGGLWLRQDO EDVLV IRU PHULW SURPRWLRQLQDGGLWLRQWRWKHLUSHUIRUPDQFHUDWLQJWHDFKHUVPD\WDNHDQRUDODQGZULWWHQ H[DPLQDWLRQDWOHDVWRQFHLQILYH\HDUVDVEDVLVIRUPHULWSURPRWLRQ,QWDNLQJWKLV H[DPLQDWLRQQRIHHVKDOOEHUHTXLUHG 6(&)DLOXUHWR3DVVWKH0HULW([DPLQDWLRQ ² ,IDWHDFKHUIDLOVWRSDVVWKH PHULWH[DPLQDWLRQKHRUVKHVKDOOEHDOORZHGWRWDNHWKHH[DPLQDWLRQIRUDVHFRQGWLPH 6KRXOGKHRUVKHIDLOWRSDVVWKHPHULWH[DPLQDWLRQIRUWKHVHFRQGWLPHWKHQKHRUVKH VKDOO EH UHTXLUHG WR WDNH D '(&6 DFFUHGLWHG UHIUHVKHU FRXUVH RU SURJUDP EHIRUH EHLQJ DOORZHGWRUHWDNHWKHH[DPLQDWLRQ
)DLOXUH RI DQ\ SHUPDQHQW WHDFKHU WR SDVV WKH PHULW H[DPLQDWLRQ VKDOO QRW KRZHYHUEHXVHGDVDJURXQGIRUKLVKHUGLVPLVVDORUGHPRWLRQ 6(&,QFHQWLYHV ² 7HDFKHUVZKRSDVVWKHPHULWH[DPLQDWLRQVKDOO D %HDZDUGHGDGLSORPDRIPHULWE\WKH%RDUG E (DUQPHULWSRLQWVIRUSXUSRVHVRISURPRWLRQLQVDODU\RUWRDKLJKHUSRVLWLRQRU JUDGHOHYHO F %HSODFHGLQWKHSULRULW\OLVWIRUJRYHUQPHQWVFKRODUVKLSDQG G (QMR\VXFKRWKHUEHQHILWVDVPD\EHSURPXOJDWHGE\WKH%RDUG 6LPLODULQFHQWLYHVVKDOOEHJLYHQWRWHDFKHUVZKRPDNHLQYHQWLRQVGHYHORSQHZ PHWKRGVRIWHDFKLQJZULWHDERRNRUERRNVDQGFUHDWHZRUNVRIDUWLVWLFPHULW 6(&,QWHJUDWLRQRIWKH7HDFKLQJ3URIHVVLRQ ±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
6(& 5HYRFDWLRQ RI WKH &HUWLILFDWH RI 5HJLVWUDWLRQ 6XVSHQVLRQ IURP WKH
3UDFWLFHRIWKH7HDFKLQJ3URIHVVLRQDQG&DQFHOODWLRQRI7HPSRUDU\RU6SHFLDO3HUPLW ±
7KH%RDUGVKDOOKDYHWKHSRZHUDIWHUGXHQRWLFHDQGKHDULQJWRVXVSHQGRUUHYRNHWKH FHUWLILFDWH RI UHJLVWUDWLRQ RI DQ\ UHJLVWUDQW WR UHSULPDQG RU WR FDQFHO WKH
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
6(&5HJLVWUDWLRQ E\5HFLSURFLW\ ± 1R WHDFKHURIDIRUHLJQQDWLRQDOLW\VKDOO EHDGPLWWHGWRWKHH[DPLQDWLRQRUEHJLYHQDFHUWLILFDWHRIUHJLVWUDWLRQRUEHHQWLWOHGWR DQ\RIWKHULJKWVDQGSULYLOHJHVSURYLGHGXQGHUWKLV$FWXQOHVVWKHFRXQWU\RUVWDWHRI ZKLFK KH LV D VXEMHFW SHUPLWV )LOLSLQR SURIHVVLRQDO WHDFKHUV WR SUDFWLFH ZLWKLQ LWV WHUULWRULDO OLPLWV RQ WKH VDPH EDVLV DV VXEMHFWV RU FLWL]HQV RI VDLG FRXQWU\ RU VWDWH
3URYLGHG 7KDW WKH UHTXLUHPHQWV RI FHUWLILFDWLRQ RI WHDFKHUV ZLWK VDLGIRUHLJQVWDWHRU
FRXQWU\ DUH VXEVWDQWLDO WKH VDPH DV WKRVH UHTXLUHG DQG FRQWHPSODWHG XQGHU WKLV $FW
3URYLGHG IXUWKHU 7KDW WKH ODZV RI VXFK VWDWH RU FRXQWU\ JUDQW WKH VDPH SULYLOHJH WR
)LOLSLQRSURIHVVLRQDOWHDFKHUVRQWKHVDPHEDVLVDVWKHVXEMHFWRUFLWL]HQVRIVXFKIRUHLJQ FRXQWU\RUVWDWH
6(&5RVWHU RI SURIHVVLRQDO7HDFKHUV ± $ URVWHURISURIHVVLRQDOWHDFKHUV FRQWDLQLQJ WKH QDPHV DQG DGGUHVVHV RI SURIHVVLRQDO WHDFKHUV GDWH RI UHJLVWUDWLRQ RU LVVXDQFH RI FHUWLILFDWH DQG RWKHU GDWD ZKLFK LQ WKH RSLQLRQ RI WKH %RDUG PD\ DSSHDU SHUWLQHQWVKDOOEHPDLQWDLQHG&RSLHVRIWKHURVWHUVKDOOEHSURYLGHGE\WKH&RPPLVVLRQ
5HSXEOLF$FW1R WRWKH%RDUGWKH'HSDUWPHQWRI(GXFDWLRQ&XOWXUHDQG6SRUWVDQGWKHLQWHJUDWHGDQG DFFUHGLWHGRUJDQL]DWLRQRISURIHVVLRQDOWHDFKHUV 6(&5HJLVWUDWLRQ DQG([FHSWLRQ±7ZR\HDUVDIWHUWKHHIIHFWLYLW\RIWKLV $FWQRSHUVRQVKDOOHQJDJHLQWHDFKLQJDQGRUDFWDVDSURIHVVLRQDOWHDFKHUDVGHILQHGLQ WKLV $FW ZKHWKHU LQ WKH SUHVFKRRO HOHPHQWDU\ RU VHFRQGDU\ OHYHO XQOHVV KH LV D GXO\ UHJLVWHUHG SURIHVVLRQDO WHDFKHU DQG D KROGHU RI D YDOLGFHUWLILFDWHRIUHJLVWUDWLRQDQGD YDOLGSURIHVVLRQDOOLFHQVHRUDKROGHURIDYDOLGVSHFLDOWHPSRUDU\SHUPLW
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
F 1RW TXDOLILHG XQGHU SDUDJUDSKV RQH DQG WZR EXW ZLWK DQ\ RI WKH IROORZLQJ TXDOLILFDWLRQVWRZLW
$QHOHPHQWDU\RUVHFRQGDU\WHDFKHUIRUILYH\HDUVLQJRRGVWDQGLQJDQGD KROGHURID%DFKHORURI6FLHQFHLQ(GXFDWLRQRULWVHTXLYDOHQWRU
$Q HOHPHQWDU\ RU VHFRQGDU\ WHDFKHU IRU WKUHH LQ JRRG VWDQGLQJ DQG D KROGHURIDPDVWHU¶VGHJUHHLQHGXFDWLRQRULWVHTXLYDOHQW
3URYLGHG 7KDW WKH\ VKDOO EH JLYHQ WZR \HDUV IURP WKH RUJDQL]DWLRQ RI WKH
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
5HSXEOLF$FW1R
$57,&/(,9
3529,6,2165(/$7,9(727+(35$&7,&(2)7+( 7($&+,1*352)(66,21
6(&,QKLELWLRQ$JDLQVWWKH3UDFWLFHRIWKH7HDFKLQJ3URIHVVLRQ ± ([FHSWDV RWKHUZLVH DOORZHG XQGHU WKLV $FW QR SHUVRQ VKDOO SUDFWLFH RU RIIHU WR SUDFWLFH WKH WHDFKLQJSURIHVVLRQLQWKH3KLOLSSLQHVRUEHDSSRLQWHGDVWHDFKHUWRDQ\SRVLWLRQFDOOLQJ IRU D WHDFKLQJ SRVLWLRQ ZLWKRXW KDYLQJ SUHYLRXVO\ REWDLQHG D YDOLG FHUWLILFDWH RI UHJLVWUDWLRQDQGDYDOLGSURIHVVLRQDOOLFHQVHIURPWKH&RPPLVVLRQ
6(&3HQDO 3URYLVLRQV ± 7KH IROORZLQJVKDOOEHSXQLVKDEOHE\DILQHRIQRW OHVV WKDQ )LYH WKRXVDQG SHVRV 3 QRU PRUH WKDQ 7ZHQW\ WKRXVDQG SHVRV 3 RULPSULVRQPHQWRIQRWOHVVWKDQVL[PRQWKVQRUPRUHWKDQILYH\HDUV RUERWKDWWKHGLVFUHWLRQRIWKHFRXUW D$Q\SHUVRQZKRSUDFWLFHVWKHWHDFKLQJSURIHVVLRQLQWKH3KLOLSSLQHVZLWKRXW EHLQJFHUWLILHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKLV$FW
E$Q\ SHUVRQ ZKR UHSUHVHQWV RU DWWHPSWV WR XVH DV KLV RZQ FHUWLILFDWH RI UHJLVWUDWLRQWKDWRIDQRWKHU
F$Q\ SHUVRQ ZKR JLYHV DQ\ IDOVH RU IUDXGXOHQW HYLGHQFH RI DQ\ NLQG WR WKH %RDUG RU DQ\ PHPEHU WKHUHRI LQ REWDLQLQJ D FHUWLILFDWH RI UHJLVWUDWLRQ DV WHDFKHU G$Q\SHUVRQZKRLPSHUVRQDWHVDQ\UHJLVWUDQWRIWKHVDPHRUGLIIHUHQWQDPH H$Q\SHUVRQZKRXVHVDUHYRNHGRUVXVSHQGHGFHUWLILFDWHRIUHJLVWUDWLRQ
I $Q\ SHUVRQ ZKR LQ FRQQHFWLRQ ZLWK KLV QDPH RWKHUZLVH DVVXPHV XVHV RU DGYHUWLVHVDQ\WLWOHRUGHVFULSWLRQWHQGLQJWRFRQYH\RUFRQYH\VWKHLPSUHVVLRQ WKDWKHLVDWHDFKHUZLWKRXWKROGLQJDYDOLGFHUWLILFDWHDQG J$Q\SHUVRQZKRYLRODWHVRUZKRDEHWVWKHYLRODWLRQRIDQ\RIWKHSURYLVLRQVRI WKLV$FW 7KHSHQDOW\RIILQHRULPSULVRQPHQWRUERWKDVSURYLGHGLQWKLVVHFWLRQVKDOODOVR DSSO\ WR DQ\ VFKRRO RU VFKRRO RIILFLDO ZKR VKDOO FDXVH RU EH UHVSRQVLEOH IRU WKH FRPPLVVLRQRIDQ\RIWKHDERYHHQXPHUDWHGDFWV
6(& $SSURSULDWLRQV ± 6XFK VXPV DV PD\ EH QHFHVVDU\ WR FDUU\ RXW WKH SURYLVLRQV RI WKLV $FW VKDOO EH LQFOXGHG LQ WKH *HQHUDO $SSURSULDWLRQV $FW DQG WKHUHDIWHU
5HSXEOLF$FW1R
6(&,PSOHPHQWLQJ*XLGHOLQHV ± 7KH %RDUG VKDOOIRUPXODWHDQGDGRSWWKH QHFHVVDU\JXLGHOLQHVIRUWKHHIIHFWLYHLPSOHPHQWDWLRQRIWKHSURYLVLRQVRIWKLV$FWZLWKLQ VL[W\GD\VRILWVDSSURYDO 7KH%RDUGVKDOOVXEPLWWRERWK&RPPLWWHHVRQ(GXFDWLRQ$UWVDQG&XOWXUHDQG WKH&RPPLWWHHVRQ&LYLO6HUYLFHDQG3URIHVVLRQDO5HJXODWLRQRIWKH6HQDWHDQG+RXVHRI 5HSUHVHQWDWLYHVFRSLHVRIWKHLPSOHPHQWLQJUXOHVDQGJXLGHOLQHVZLWKLQWKLUW\GD\V DIWHULWVSURPXOJDWLRQ
$Q\ YLRODWLRQ RI WKLV VHFWLRQ VKDOO UHQGHU WKH RIILFLDOV FRQFHUQHG OLDEOH XQGHU 5HSXEOLF$FW1RRWKHUZLVHNQRZQDVWKH³&RGHRI&RQGXFWDQG(WKLFDO6WDQGDUGV IRU3XEOLF2IILFLDOVDQG(PSOR\HHV´DQGRWKHUSHUWLQHQWDGPLQLVWUDWLYHDQGRUSHQDOODZV 6(&7UDQVLWRU\3URYLVLRQ ± $OOLQFXPEHQWWHDFKHUVLQERWKWKHSXEOLFDQG SULYDWHVHFWRUQRWRWKHUZLVHFHUWLILHGDVSURIHVVLRQDOWHDFKHUVE\YLUWXHRIWKLV$FWVKDOO EHJLYHQILYH\HDUVWHPSRUDU\FHUWLILFDWHVIURPWKHWLPHWKH%RDUGIRUSURIHVVLRQDO 7HDFKHUVLVRUJDQL]HGZLWKLQZKLFKWRTXDOLI\DVUHTXLUHGE\WKLV$FWDQGEHLQFOXGHGLQ WKHURVWHURISURIHVVLRQDOV
3URYLGHG KRZHYHU 7KDW WKH SURIHVVLRQDO %RDUG ([DPLQDWLRQ IRU 7HDFKHUV
3%(7VKDOOVWLOOEHDGPLQLVWHUHGE\WKH&LYLO6HUYLFH&RPPLVVLRQDQGWKH'HSDUWPHQW RI(GXFDWLRQ&XOWXUHDQG6SRUWVIRUWKH\HDU
6(&6HSDUDELOLW\&ODXVH ± ,IIRUDQ\UHDVRQDQ\VHFWLRQRUSURYLVLRQRI WKLV$FWRUWKHDSSOLFDWLRQRIVXFKVHFWLRQRUSURYLVLRQWRDQ\SHUVRQRUFLUFXPVWDQFHLV GHFODUHG XQFRQVWLWXWLRQDO RU LQYDOLG QR RWKHU VHFWLRQ RU SURYLVLRQ RI WKLV $FW VKDOO EH DIIHFWHGWKHUHE\
6(&5HSHDOLQJ&ODXVH ± $OO ODZVSUHVLGHQWLDOGHFUHHVH[HFXWLYHRUGHUV UXOHV DQG UHJXODWLRQV RU SDUWV WKHUHRI LQFRQVLVWHQW ZLWK WKH SURYLVLRQV RI WKLV $FW DUH KHUHE\UHSHDOHGRUPRGLILHGDFFRUGLQJO\
6(&(IIHFWLYLW\&ODXVH ± 7KLV $FW VKDOOWDNHHIIHFWDIWHUILIWHHQGD\V IROORZLQJ LWV FRPSOHWH SXEOLFDWLRQ LQ WKH 2IILFLDO *D]HWWH RULQWZRQHZVSDSHUVRI JHQHUDOFLUFXODWLRQ
$SSURYHG
6JG('*$5'2-$1*$5$
3UHVLGHQWRIWKH6HQDWH 6JG-26('(9(1(&,$-56SHDNHURIWKH+RXVH RI5HSUHVHQWDWLYHV
5HSXEOLF$FW1R 7KLV$FWZKLFKLVDFRQVROLGDWLRQRI+RXVH%LOO1RDQG6HQDWH%LOO1R ZDVILQDOO\SDVVHGE\WKH+RXVHRI5HSUHVHQWDWLYHVDQGWKH6HQDWHRQ'HFHPEHU DQG'HFHPEHUUHVSHFWLYHO\ 6JG('*$5'2(780$1*$1
6HFUHWDU\RIWKH6HQDWH 6JG&$0,/2/6$%,26HFUHWDU\*HQHUDO +RXVHRI5HSUHVHQWDWLYHV $SSURYHG 'HFHPEHU 6JG),'(/95$026 3UHVLGHQWRIWKH3KLOLSSLQHV