In consideration of a certain premium and ofthe statements and representa ations made by.. Employer. 3 (hereinafter called the Employe Corpora tion Amount. Insuring. clause. Employed. COPY hereinafter called the Corporation), hereby agrees SPECIMEN 5 to reimburse pleyer for sech pecuniary loss not exceeding... 7 as the Apoyer shall have sustained of money or other personal property (including 8 that for which the Employer is responsible) by any act or acts of fraud, dishonesty, 9 forgery, theft, embezzlement, wrongful abstraction or wilful misapplication on the part 10 of.. (hereinafter called the Employed) directly or through connivance with others, com12 mitted by the Employed in connection with the duties of any position to which 13 he may be assigned by the Employer during the term of this bond or of any 14 renewal thereof. CXV-Continued The foregoing agreement is subject to the following conditions: Term. 16 1. The term of this bond begins on the ...day of....... at noon, 17 standard time, at the Employer's address hereinbefore stated, and ends on the... day of..... 18 19. .....-... at noon, standard time, at the said address. In case this bond is renewed for one or more terms, the entire 19. period for which the bond is in force shall be deemed the term of the bond. 20 21 2. This bond may be continued from year to year so long as the Corporation and the Employer agree so to do, but the aggregate liability of the Corporation from the effective date of this bond to the date of the expiration or any renewal of this bond for or on account of any act or acts of the Employed, shall not exceed the amount for 23 which the Employed shall have been specifically guaranteed at the time such act or acts shall have been committed. 22 Not liable for pre-existing debt. 24 3. The Corporation shall not be liable hereunder for any default, the proceeds of which shall have been applied 25 to the payment to the Employer of a pre-existing debt. 4. This bond may be cancelled by the Corporation upon thirty days' notice to the Employer, or by the 27 Employer upon notice in writing to the Corporation specifying the date of the termination. Thereupon the 28 29 Corporation shall refund the unearned premium for the bond, if no claim has arisen thereunder. 5. The Employer shall file with the Corporation any claim for which the Corporation is liable hereunder within 30 fifteen months after the Employed shall have died or left the service of the Employer, or within fifteen months after 31 the lapsing or cancellation of this bond from any cause whatsoever. 32 6. The Employer shall notify the Corporation of any act of the Employed which would constitute a claim 33 hereunder immediately or as soon as practicable after such act shall have come to the knowledge of the Employer. 34 The Corporation shall be responsible hereunder only for any acts of the Employed up to the time of such notification, 35 and if the Employer shall condone any fraudulent act of the Employed and continue him in service without notifying 36 the Corporation, all losses subsequent to such condonation shall be irrevocable against the Corporation. Payment of claim under this bond shall be made within three calendar months after requisite proof shall have been afforded the Corporation of the loss and of the validity of the claim made, such proof to include, if the 39 Corporation shall so desire, an itemized statement of the claim, giving the dates when the losses occurred. Employer's 40 8. No suit or action shall be maintained under this bond until after three months from the date of.filing right of ERCOVERY. 41 proof with the Corporation, nor shall be brought at all unless within two years from the time when the cause of 42 action accrued. Arbitration 43 of disputed 9. In the case of disputed liability, if the Corporation and the Employer shall so elect, any claim made Mability. 44 hereunder shall be subject to arbitration in the manner following: The Employer and the Corporation shall each 45 appoint one arbitrator; such arbitrators shall appoint a third; and the decision of the majority both as to the amount 46 in dispute and as to the expenses of the arbitration shall be final. CXV-Continued Jn Witness Whereof, the Corporation has caused this bond to be executed by 48 its authorized Manager, but this bond shall not be in force until countersigned by a 49 duly authorized Agent of the Corporation. By Manager and Attorney for the United Sates. Corpora on. msuring Hause. In consideration of a certain tions made by... the statements and representa. SPECIMEN COPY 3 (hereinafter called the Employer) (hereinafter called the Corporation), hereby agrees 5 to reimburse the Employer, subject to the terms and conditions herein set forth, for 6 the loss of any money or other personal property (including that for which the 7 Employer is responsible), as shall be sustained by the Employer by reason of 8 the fraud, dishonesty, forgery, theft, embezzlement, wrongful abstraction or wilful 9 misapplication on the part of any of the Employes named in the schedule attached 10 hereto and hereby made a part of this bond or hereafter added thereto by an acceptance I notice executed by the Corporation during the term of this bond or of any renewal thereof. Form 2469-Fidelity Schedule. CXVI-Continued 13 The foregoing agreement is subject to the following conditions: 14 standard time, at the Employer's address hereinbefore stated, and ends on the... day of... 15 19, at noon, standard time, at the said address. In case this bond is renewed for one or more terms, the entire 16 period for which the bond is in force shall be deemed the term of the bond. When loss 27 is to be discovered. Notice of loss. Payment of claim Employer's right of recovery. 28 2. This bond may be continued from year to year so long as the Corporation and the Employer agree so to do, but the aggregate liability of the Corporation from the effective date of this bond to the date of the expiration or any renewal of this bond for or on account of any act or acts of any Employe specified on said schedule or added thereto shall not exceed the amount for which the Employe shall have been specifically guaranteed at the time such act or acts shall have been committed. 3. The Corporation shall not be liable hereunder for any default, the proceeds of which shall have been applied to the payment to the Employer of a pre-existing debt. 4. This bond may be cancelled by the Corporation upon thirty days' notice to the Employer, or by the Employer upon notice in writing to the Corporation specifying the date of the termination. Thereupon the Corporation shall refund the unearned premium for the bond, if no claim has arisen thereunder. 5. The Employer shall file with the Corporation any claim for which the Corporation is liable hereunder within fifteen months after the retirement of any Employe from the service of the Employer, or within fifteen months after 29 the lapsing or cancellation of this bond from any cause whatsoever. 30 6. The Employer shall notify the Corporation of any act of any Employe which would constitute a claim hereunder immediately or as soon as practicable after such act shall have been discovered by the Employer. 32 The Corporation shall be responsible hereunder only for any acts of the Employe up to the time of such discovery, 31 33 and, if the Employer shall condone any fraudulent act of the Employe and continue him in service without notifying the Corporation, all losses subsequent to such condonation shall be irrevocable against the Corporation. 34 35 7. Payment of claim under this bond shall be made within three calendar months after requisite proof shall have 36 been afforded the Corporation of the loss and of the validity of the claim made, such proof to include, if the 37 Corporation shall so desire, an itemized statement of the claim, giving the dates when the losses occurred. 38 8. No suit or action shall be maintained under this bond until after three months from the date of filing 39 proof with the Corporation, nor shall be brought at all unless within two years from the time when the cause of action accrued. 40 Arbitration 41 of disputed liability 9. In the case of disputed liability, if the Corporation and the Employer shall so elect, any claim made 42 hereunder shall be subject to arbitration in the manner following. The Employer and the Corporation shall each 43 appoint one arbitrator; such arbitrators shall appoint a third; and the decision of the majority both as to the amount 44 in dispute and as to the expenses of the arbitration shall be final. |