HERITAGE PATHWAY PROGRAMS
40 and Over - Non Legacy
Option One: 125th Anniversary Heritage Pathway Paid in Full at Election The 125th Anniversary Heritage Pathway would apply as outlined below: Current 4 Shares of Stock: $75,000 Less Heritage Credit: $12,500 Total Stock Investment: $62,500
Option Two: 125th Anniversary Heritage Pathway Deferred Plan Under this option, members would purchase one share of Stock at the time of election, followed by one share each year over the subsequent three (3) years.
The 125th Anniversary Heritage Pathway would apply as outlined below: Current Share Price: $18,750 Heritage Credit: $3,125 per share
The 125th Anniversary Heritage Pathway credit of $3,125 per share would be applied to each annual Stock purchase. A carrying fee would apply to any unpaid balance, and any applicable Share price increases would still apply to future stock purches..
Under 40 - Non Legacy
If eligible, the 125th Anniversary Heritage Pathway would apply as outlined below: Current Share Price: $18,750 Less Heritage Credit: $3,125 per share or $1,562.50 per ½ share
Under this scenario, Stock purchases continue to follow the required schedule: Under30: ½ share at time of election with the remaining ½ share due at 30
30-34: One share at the time of election 35-39: Two shares at the time of election Final two shares at age 40
The $3,125 Heritage Credit per share will be applied at the time of each Stock purchase. Any applicable Share price increases would still apply to future stock purches. A carrying fee will continue to apply to any unpaid balance. Addendum: If you are under 40 and unmarried, or if you are married and your spouse joins with you, you may elect to purchase your stock using the Heritage Pathway credit over a five-year deferred period, subject to a carrying fee on the balance and any applicable increases in the stock price.
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