Detailed instructions for use are in the User's Guide.
[. . . ] [. . . ] 5LJKWFOLFNDQ\ZKHUHRQ\RXUGHVNWRSDQGVHOHFW ³3URSHUWLHV´WRVWDUWWKH'LVSOD\3URSHUWLHVSUR JUDP · · · 6HOHFWWKH6HWWLQJVWDEDQGOHIWFOLFNRQWKH VHFRQGGLVSOD\n &KHFNWKHRSWLRQ³H[WHQGP\:LQGRZVGHVN WRSRQWRWKLVPRQLWRU´oDQGSUHVV³RN´ 7RGHDFWLYDWHWKHH[WHQVLRQXQFKHFNWKHRSWLRQ ³H[WHQGP\:LQGRZVGHVNWRSRQWRWKLVPRQLWRU´ ', 63/$<
n
o <RXFDQFKDQJHWKHUHVROXWLRQDQGFRORUGHSWKIRUHLWKHUGLV SOD\LQWKLVVFUHHQ+RZHYHU\RXPD\KDYHWRGHFUHDVHWKH GHSWK RI FRORULI \RX LQFUHDVH WKH UHVROXWLRQVLQFH WKH YLGHR PHPRU\KDVDOLPLWHGFDSDFLW\
&211(&7, 1*$79
7KH1RWHERRNKDVDSRUWIRUFRQQHFWLQJD797RFRQQHFW DQGFRQILJXUHWKH1RWHERRNIRUD79 6KXWGRZQ\RXUQRWHERRN &RQQHFWWKHVLJQDOFDEOHRIWKH79WRWKHRSWLRQDO FRPSRVLWHYLGHRDGDSWHUSURYLGHGZLWK\RXUQRWHERRN WKHQFRQQHFWWKHRWKHUHQGRIWKHDGDSWHUWRWKH79 RXWSRUWRIWKH1RWHERRNÖS )LUVWWXUQRQ\RXU79WKHQWXUQRQ\RXUQRWHERRN 7KHUHDUHWZRRSWLRQVIRUVHWWLQJXSD79 &ORQH\RXU'HVNWRS · · · 6WDUWWKH³'LVSOD\3URSHUWLHV´SURJUDPVHOHFW ³6HWWLQJV´nDQGFOLFN³$GYDQFHG´o , QWKHZLQGRZ³'LVSOD\V´pFOLFNWKH³GLVSOD\ V\PERO´qDQGWKHQSUHVV³2. ´r &RQILUPZLWK³<HV´
', 63/$<
n
p
o ·
q r
7RFKDQJHWKHFRXQWU\VSHFLILF79)RUPDWVHOHFWWKH ZLQGRZ³'LVSOD\V´MDQGFOLFNWKH³79EXWWRQ´ N , QWKHQH[WZLQGRZFKRRVHWKH³&RXQWU\5HJLRQ´ ODQG³)RUPDW´PDQGSUHVV³2. ´Q M
·
N O P Q
', 63/$<
([WHQG\RXU'HVNWRS · 6WDUWWKH³'LVSOD\3URSHUWLHV´SURJUDPDQGVHOHFW ³6HWWLQJV´nDQGPDUNZLWKDPRXVHFOLFN0RQLWRU ³´o , IWKHRSWLRQ³H[WHQGP\:LQGRZVGHVNWRSRQWR WKLVPRQLWRU´pLVVHOHFWHGSUHVV³2. ´q
·
n o
p q
', 63/$<
'$7$(175<
'$7$(175<
7+(. (<%2$5'
%\GXDODVVLJQPHQWRIFHUWDLQNH\V\RXKDYHWKHVDPHUDQJH RIIXQFWLRQVDYDLODEOHWR\RXDVZLWKDQRUPDO:LQGRZVNH \ ERDUG6RPHIXQFWLRQVDUHLQSXWXVLQJWKH)1NH\ZKLFKLV QRUPDORQQRWHERRNFRPSXWHUV
127(%22. 63(&, ), &. (<&20%, 1$7, 216
)Q
)
/$1
)
(QDEOHVDQGGLVDEOHVWKHEXLOWLQZLUHOHVV
)Q
6ZLWFKHVGLVSOD\EHWZHHQ/&'79H[WHUQDO PRQLWRURU/&'DQGH[WHUQDOPRQLWRUVLPXO WDQHRXVO\
)Q
)
)
, QFUHDVHVWKHYROXPH 'HFUHDVHVWKHYROXPH 7RJJOHVWKHVSHDNHUVRQDQGRII GHIDXOWIRUWKLVNH\ERDUGFRPELQDWLRQLVVKXW GRZQ , QFUHDVHVEULJKWQHVV7KLVLVXVHGLIWKHGLV
)Q
)
)Q
ÙÊ
)Q
)XQFWLRQRIWKHSRZHUPDQDJHPHQW7KH
)Q
ÙË
SOD\LVWRRGDUN
ÙÌ
)Q
'HFUHDVHVEULJKWQHVV7KLVLVXVHGLIWKHGLV SOD\LVWRREULJKW
)Q
$FWLYDWHVWKH, QWHUQHWEURZVHU $FWLYDWHVWKHHPDLOSURJUDP
)Q
'$7$(175<
728&+3$'
7KHWRXFKSDG¶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
'$7$(175<
0$, 1&20321(176
7+(+$5''5, 9(
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
, I\RXDUHORRNLQJIRUDILOHRQWKHKDUGGULYHDQG\RXNQRZ WKHQDPHJRWR6HDUFKRQWKH6WDUWPHQXWRILQGWKHILOH )ROORZLQJLVVRPHJHQHUDOLQIRUPDWLRQRQZKHUH\RXPLJKW ILQGVRPHFRPPRQILOHV 8VXDOO\\RXUKDUGGULYHLVGLYLGHGLQWRVHYHUDOSDUWLWLRQVDV VKRZQEHORZ7KHSDUWLWLRQVRI\RXUKDUGGULYHPD\YDU\ IURPZKDWLVVKRZQKHUH
/RFDO'LVN %227 5HFRYHU & ' ( :LQGRZV;3 6RIWZDUHSURJUDPV <RXUGRFXPHQWV 'ULYHUVIRULQWHUQDO3&FRPSRQHQWV , QVWDOODWLRQILOHVIRUVRIWZDUHWKDWFDPHZLWK \RXU3& 5HVWRUHVRIWZDUH
0$, 1&20321(176
, 03257$17', 5(&725, (6
7KHPRVWLPSRUWDQWGLUHFWRULHVSUHLQVWDOOHGRQ\RXU1RWHERRN DUHVKRZQEHORZ7KHVHGLUHFWRULHVPD\YDU\IURPZKDWLV VKRZQKHUH &DXWLRQ'RQ
WGHOHWHILOHVXQOHVV\RXNQRZZKDWWKH\DUH :LQGRZV;3PLJKWUHTXLUHWKHVHILOHVIRU\RXUFRPSXWHUWR RSHUDWHFRUUHFWO\$OVRGRQRWDOWHURUUHVL]HWKHSDUWLWLRQV±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
:$55$17<
, 62&/$66, ,
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
5RZV %OXH *UHHQ 5HG
7\SHVRI3L[HO)DLOXUHV 7\SH $FRQVWDQWO\OLWSL[HODEULJKWZKLWHVSRWHYHQWKRXJKLWLV QRWDGGUHVVHG $ZKLWHSL[HOLVFDXVHGZKHQDOOWKUHHVXESL[HODUHOLW 7\SH $SL[HOWKDWGRHVQRWOLJKWXSGDUNEODFNVSRWDOWKRXJKLWLV DGGUHVVHG 7\SH $EQRUPDORUGHIHFWLYHUHGJUHHQRUEOXHVXESL[HOV (JFRQVWDQWO\OLWZLWKKDOIWKHEULJKWQHVVRQHFRORULVQRW VKLQLQJEOLQNLQJRUIOLFNHULQJEXWQRWEHORQJLQJWR7\SHRU 3L[HO)DLOXUHV , QDGGLWLRQ $FOXVWHURIW\SH RUPRUHGHIHFWLYHVXESL[HOVLQDQ DUUD\RI[SL[HO$FOXVWHULVDQDUUD\RI[SL[HO[ VXESL[HO
:$55$17<
, 62&ODVV, ,
5HVROXWLRQ
7\SH
7\SH
7\SH
[ [ [ [ ([DPSOH
&OXVWHU 7\SH 7\SH
&OXVWHU 7\SH
$´6;*$GLVSOD\FRQVLVWVRIKRUL]RQWDODQGYHUWLFDOSLFWXUH GRWVSL[HOZKLFKDPRXQWVWRDWRWDORIPLOOLRQSL[HOV%DVHGRQRQH PLOOLRQSL[HOVWKLVWUDQVODWHVLQWRDIDFWRURIDERXW &ODVV, , W\SHIDLOXUHFRQVHTXHQWO\DOORZVIRUWKUHHGHIHFWVHDFKRIW\SHDQG W\SHDQGGHIHFWVRIW\SHDQGFOXVWHURIW\SH 7KHVHFDVHVDUHQRUPDOO\QRWFRYHUHGE\ZDUUDQW\ , IWKHQXPEHURIIDLOXUHVH[FHHGVWKHILJXUHVRIDQ\FDWHJRU\PHQWLRQHG DERYHWKHQWKLVPD\EHFRYHUHGE\WKHZDUUDQW\
:$55$17<
67$1'$5'6
7KLV1RWHERRNPHHWVWKHUHTXLUHPHQWVRIWKHIROORZLQJVWDQGDUGV
(/(&7520$*1(7, &&203$7, %, /, 7<
7KLV1RWHERRNPHHWVWKHIROORZLQJUHTXLUHPHQWVIRUVWDQ GDUGVRIHOHFWURPDJQHWLFFRPSDWLELOLW\DQGHOHFWULFDOVDIHW\ (1 (1 (1 (1
, QIRUPDWLRQWHFKQRORJ\HTXLSPHQW5DGLRGLVWXU EDQFHFKDUDFWHULVWLFV/LPLWVDQGPHWKRGVRIPHDV XUHPHQW , QIRUPDWLRQWHFKQRORJ\HTXLSPHQW, PPXQLW\FKDU DFWHULVWLFV/LPLWVDQGPHWKRGVRIPHDVXUHPHQW /LPLWV/LPLWVIRUKDUPRQLFFXUUHQWHPLVVLRQV HTXLSPHQWLQSXWFXUUHQWXSWRDQGLQFOXGLQJ$ SHUSKDVH /LPLWV/LPLWDWLRQRIYROWDJHIOXFWXDWLRQVDQGIOLFNHU LQORZYROWDJHVXSSO\V\VWHPVIRUHTXLSPHQWZLWKD UDWHGFXUUHQWXSWR$
· . HHSWKH1RWHERRNDWOHDVWRQHPHWHUDSSUR[LPDWHO\ WKUHHIHHWDZD\IURPKLJKIUHTXHQF\DQGPDJQHWLFLQ WHUIHUHQFHVRXUFHVHJWHOHYLVLRQVORXGVSHDNHUFDEL QHWVPRELOHWHOHSKRQHVHWFLQRUGHUWRDYRLGPDOIXQF WLRQVDQGRUORVVRIGDWD · 3OHDVHQRWHWKDWRQO\VKLHOGHGFDEOHVVKRUWHUWKDQ PHWHUVIWVKRXOGEHXVHGIRUWKH/37&20 86%, (((DXGLRYLGHRDQGQHWZRUNLQWHUIDFHV ZLWKWKLV1RWHERRN · :KHQFRQQHFWLQJDGGLWLRQDOFRPSRQHQWVSOHDVHREVHUYH WKH*XLGHOLQHVRQ(OHFWURPDJQHWLF&RPSDWLELOLW\(0&
:$55$17<
(/(&75, &$/6$)(7<
(1
6DIHW\RILQIRUPDWLRQWHFKQRORJ\HTXLSPHQW
· 7KHFRQQHFWLRQRIGHYLFHVLVOLPLWHGWRHTXLSPHQWWKDWFR P SOLHVZLWK(1³6DIHW\RILQIRUPDWLRQWHFKQRORJ\ HTXLSPHQW´RU(1³$XGLRYLGHRDQGVLPLODUHOHF WURQLFDSSDUDWXV6DIHW\UHTXLUHPHQWV´
· )RU86&DQDGLDQSXUSRVHV7KH1RWHERRNVKRXOG
RQO\EHFRQQHFWHGWRHTXLSPHQWZKLFKFRPSOLHVZLWK 8/&$1&6$1R
(UJRQRPLFUHTXLUHPHQWVIRURIILFHZRUNZLWK YLVXDOGLVSOD\WHUPLQDOV9'7V9LVXDOGLVSOD\ UHTXLUHPHQWV (UJRQRPLFUHTXLUHPHQWVIRURIILFHZRUNZLWK YLVXDOGLVSOD\WHUPLQDOV9'7V5HTXLUHPHQWVIRU GLVSOD\HGFRORUV
(5*2120, &6
(1 (1, 62
6833/(0(17$5<, 1)250$7, 21
7KLVSURGXFWFRPSOLHVZLWKWKHUHTXLUHPHQWVRIWKH577( 'LUHFWLYH(&DQGFDUULHVWKH&(PDUNLQJDFFRUGLQJO\ &(
:$55$17<
)&&&203/, $1&(67$7(0(17
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· · · · 5HRULHQWRUUHORFDWHWKHUHFHLYLQJDQWHQQD , QFUHDVHWKHVHSDUDWLRQEHWZHHQWKHHTXLSPHQWDQG UHFHLYHU &RQQHFWWKHHTXLSPHQWLQWRDQRXWOHWRQDFLUFXLW GLIIHUHQWIURPWKDWWRZKLFKWKHUHFHLYHULVFRQQHFWHG &RQVXOWWKHGHDOHURUDQH[SHULHQFHGWHFKQLFLDQIRU KHOS
&KDQJHVRUPRGLILFDWLRQVQRWH[SUHVVO\DSSURYHGE\WKH SDUW\UHVSRQVLEOHIRUFRPSOLDQFHFRXOGYRLGWKHXVHU¶V DXWKRULW\WRRSHUDWHWKHHTXLSPHQW6KLHOGHGLQWHUIDFH FDEOHVLIDQ\PXVWEHXVHGLQRUGHUWRFRPSO\ZLWKWKH HPLVVLRQOLPLWV
:$55$17<
'(&/$5$7, 212)&21)250, 7<
$FFRUGLQJWR&)53DUWVDQGIRU &ODVV%3HUVRQDO&RPSXWHUV :H 0HGLRQ86$, QFBBBBBBBB 1DPHRIWKH5HVSRQVLEOH3DUW\ %D\KLOO'U6WHB 6DQ%UXQR&$BBB $GGUHVV&LW\6WDWH=LS&RGH )D[BBBB )DFVLPLOH1XPEHUIRUFRQIRUPLW\LVVXHVRQO\
/RFDWHGDW
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
:$55$17<
, 1'(;
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
, 1'(;
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
, 1'(;
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
, 1'(;
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
, 1'(;
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
, 1'(;
363RUW 63', )$XGLR287 6SHDNHUV 6WDWXV/(' 69LGHR79SRUW 7)7'LVSOD\ 7RXFKSDG 86%SRUW :/$1&RPSDUWPHQW :DUUDQW\ :LQGRZV/RJRWHVWLQJ :LQGRZV0HGLD3OD\HU :LQGRZV;3 &RQWURO3DQHO 'HVNWRS +HOS +HOSDQG6XSSRUW , QWHUDFWLYH7UDLQLQJ 0DQXDO 5HFRYHU\3RLQW 7RXU :LQGRZV[S 5HFRYHU\ :LUHOHVV/$1 :ULWLQJ&'V
, 1'(; [. . . ] [. . . ]