RULES and REGULATIONS
Governing Award of Scholarships

1. The primary purpose of the scholarships is
to award financial assistance to children of em-
ployees of Phillips Petroleum Company and sub-
sidiaries who cannot, without such aid, meet the
expenses of a college education. Each student

awarded a scholarship will receive, as a gift, Four
undred Dollars ($400.00) sone oe each
of not to exceed four (4) years of college at-

tendance at an accredited institution of higher
learning.

2. Applications for scholarships must be made
on or before the dead line date for receiving
applications, as announced annually, on blanks
which may be secured from the Secretary of The
Committee on Educational Fund for Children of
Phillips Petroleum Company Employees, Phillips
Building, Bartlesville, Oklahoma. The Committee
will not consider applications received after the
date specified, nor will it consider applications
which do not include all material requested by
The Committee in connection therewith.

3. Application for a scholarship may be sub-
mitted by any student qualified or who will be
qualified at the end of the current school year
for admission to any accredited college or uni-
versity, who is the natural or adopted child, or
stepchild, of a person who is, at the date of such
application, an active employee of Phillips Pe-
troleum Company or one of its subsidiaries, and
has been on the direct payroll of Phillips Petro-
leum Company and/or some one or more of its
subsidiaries as a permanent, full-time employee
or bulk agent for not less than two (2) years of
recognized continuous service, and whose salary
does not exceed Three Hundred Dollars ($300.00)
per month. Natural or adopted children and step-
children of persons whose salaries exceed Three
Hundred Dollars ($300.00) per month at the
time awards are made, are not eligible for schol-
arship awards. No student who has ever attended
for longer than four weeks any college, university,
or other school in which college credit is given,