The undersigned employee hereby authorizes Brown-Forman
Corporation to deduct and pay the Brown-Forman Credit Union the amount
stated above from each paycheck of the undersigned commencing with
the next pay period. The amount to be deducted shall be credited and
applied as follows:
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If the employee is not indebted to the Credit Union,
the amounts shall be credited to the employee's share account for
the purpose of investing in shares of the Credit Union;
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If , at any time, the employee is indebted to the
Credit Union and has signed a Payroll Deduction Authorization form,
the provisions of such assignments and authorization shall apply
to deductions from the employee's paychecks in lieu of the provisions
hereof;
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If, at any time, the employee is indebted to the
Credit Union but has not signed any such assignment and authorization,
the amounts deducted hereunder shall be applied to the payment of
the entire principal of and interest on such indebtedness as it
accrues, and
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If, at any time, the employee is in default with
respect to such indebtedness or, irrespective of any default, if
the employee is for any reason terminated, the entire balance of
such share account shall be credited to the payment of such indebtedness
and the shares, including any fractional share, evidenced by such
account shall be cancelled.
The deductions herein authorized shall continue until the undersigned
notifies the Credit Union in writing that the deductions are to be
discontinued.
By submitting this form
electronically, I agree to the terms and conditions as stated above.
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