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reason of the fact that the parent of such holder
shall have ceased to be an employee of Phillips
Petroleum Company or any of its subsidiaries on
account of the death or retirement of such parent.
The Committee, in its discretion, shall determine
whether or not any holder of a scholarship shall
continue to receive payments after the parent of
such holder shall have ceased to be an employee
of Phillips Petroleum Company or any of its
subsidiaries for any reason other than death or
retirement. In any event, payments will continue
until the end of the current school year.

10. Parents shall be liable for conduct and
obligations of the holder of a scholarship. The
Educational Fund for Children of Phillips Pe-
troleum Company Employees or The Committee
shall not be liable for debts or the conduct of
students, and students shall have no right to an-
ticipate, assign, or transfer any rights acquired by
reason of having been awarded a scholarship.
Expulsion shall forfeit the scholarship.. Conduct
which, in the judgment of The Committee, is
unbecoming the holder of a scholarship, will for-

feit the scholarship.

11. The scholarship shall be applied to tuition,
necessary beoks, and equipment and then toward
maintenance. If any of the scholarship award
shall then remain, the student may have the bal-
ance for incidentals. The time and manner of
payment of each $400.00 annual award shall be
determined by The Committee and payment may
be made, in the discretion of The Committee, to
the school or to the parent of the holder of the
scholarship, or to the student himself.