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ARNOLD INDUSTRIES INC.
625 SOUTH FIFTH AVENUE
LEBANON, PA 17042
(717) 274 - 2521
www.arnold.com |
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ELIGIBILITY |
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Any shareholder of the Company
owning at least 1 (one) share
registered in his or her name is eligible to participate in the
Dividend Reinvestment Program.
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In order to be eligible to
participate, a beneficial owner of the Company's shares
whose shares are registered in names other than his or her own
(for example, shares registered in the name of a broker or a bank
nominee) must become a holder of record by having his or her shares
transferred into his or her name.
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Shareholders who are citizens or
residents of a country other than the United States may participate in
the Plan, provided that their participation does not violate local laws
governing such things as taxes, currency and exchange controls, share
registration, foreign investments and related matters.
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INVESTMENT OPTIONS |
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FULL
DIVIDEND REINVESTMENT ─ Reinvest cash dividends on all
shares held by a Participant. Optional cash payments of at
least $25 may also be invested, up to an aggregate
of $3,000 during any
calendar quarter.
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Participants may make Optional
cash payments only while participating in the dividend reinvestment
component.
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OPTIONAL CASH PAYMENTS |
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The minimum optional
cash payment amount is $25,
with a maximum amount of $3,000
per calendar quarter. If a Participant sends a cash payment of less
than the minimum amount, the payment will be returned to the
Participant.
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There is no
obligation to make optional cash payments.
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CASH PAYMENT METHODS |
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Participants may make
optional cash payments by sending a check or money order, with the
appropriate form from the periodic statement, to the Plan
Administrator.
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Optional cash
payments must be received by the Plan Administrator within 15 days
prior to a dividend payment date.
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PURCHASES OF SHARES |
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Purchases of shares with Optional
Cash Payments will be made on the dividend payment date, which will be
in or about the 1st
week of March, June, September and December.
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PLAN ADMINISTRATOR |
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Registrar & Transfer Company
10 Commerce Drive
Cranford, NJ 07016 - 3572 |
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TERMINATION |
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When a Participant terminates, or
upon termination of the Plan by the Company, certificates for whole
shares credited to the Participant under the Plan will be issued, and a
cash payment will be made for any fraction of a share less any costs of
sale.
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COSTS |
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The Company will pay
all fees, commission and expenses in connection with the purchase
of shares of Common Stock under the Plan.
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On termination,
the Participant will pay a Termination
Fee of $2.50.
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