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P-167 '''~'~'' 'i ',' . it '.,' . .'<, .: <~" . BOOKi"24PAGi".4. 9 ...,'If<lI'' ~~. ~ "}?,' "',")! , ./ (}4 '.' ~ "'f. ,,~~:;<--"' !) ",,;,:t~~ :.a:- ....~" , .i" . '- . .'if ",.' " ,''1' ,t.~ v '.."...:,w~ -5 .... . /. *~." ~ '" ,,~}. > ,tii~ ~!\Z'4 ' ~ "P;':-''''''.''~ " , ':"',~ ~ .. I' ~ IIO~ ' .J "'~'PW f: ' )./'~ ~ :\ '; ~"~ '/ . . . i _ ."..- <"....~'..j'~}.'1".~."', .,;;r.,,;-~.. 'I. Deed #161 " '~" " ..' . ,;, ;v""'.' '. ;~ Resolution No. 1918 [i~EE~=;-'~J . GRANT DEED IE $ 0 . FOR AND IN CONSIDERATION of theswn of Ten Dollars . "" ($10.00), receipt of which is hereby acknowledged, and other ~ good and valuable consideration, TRIANGLE INVESTMENT COMPANY, INC., a corporation, does hereby grant, convey, and assign to the City of Santa Monica, a municipal corporation, all right, title, and interest in and to that certain real property, lo- cated in the City of Santa Monica, County of Los Angeles, State of California, more particularly described as follows: That portion of lot 2 in block 30 of Erkenbrecher ,~'\, Syndicate Santa Monica Tract, in the city of Santa ~ Monica, county of Los Angeles, state of California, AI as per map recorded in book 6 pages 26 and 27 of Y Maps, in the office of the county recorder of said ~ county, described as follows: "- " o ,;{ Beginning at the most westerly corner of the land !",X ... conveyed to Louis T. Holliday, by deed :r;recorded in \D ;' book 17322 page 223 of Official Records i of said o ~" county, said corner being the southwesterly line of Y.J said lot 2, distant thereon North 440 45' it/est 100.00 \lX:-.f feet from the most southerly corner of said lot 2; '':!i(. thence along the southwesterly line of said lot 2, North 440 45' West 80.00 feet; thence parallel with the northwesterly line of said land conveyed to Holliday; North 45013' 55'1 East 150.00 feet! thence parallel with the said southwesterly line of lot 2, South 440 45' East 80.00 feet to the most northerly corner of said land of Holliday; thence along the northwest- erly line of said described land, South 450 13' 55't West 150.00 feet to the point of beginning.""""",',,:, .'.." l /r' '. "-."":"-_:__~'- _ ~- _ ,_ ":,,,_~:<::,,;:\,,~,,?~~';.i~.///~~'< DATED this __ i L/ day of 1/'"l('rA'd'X{"~"';' ~'9.5a:;~'':.i' :f ~::~! i~ 1:' ~ '(\ " I ," "J"' ill t,.. ~ ~,,," "'~ TRIANGLE INVESTlVIFfNT~}~ju~,';;-I$,;,' a corporation, )'\0' ",Y, ,/ / .,., , ':, "" ..~....,' ;, '-:,:~-" ~. .l!>Cf.",~~"-fo"'~.' ,_>~ A;'i _ ' ':'>"'"Jrli7jj, '- -,'\ __-..''!:::'/IL.--...'"'u 1'J?,t'.:.. .... (/ . ,."" ~~ b ~., .,f,,,/ ' . ..1..,..--.- ..--.......-- '"::iT....... /efL.A;..,i{~). (\:>\ r::...e/ y i " Y" -t;J., Yi . -. elT NI.,iH";::,,A . ' President {/ /, ~ (:../. . ...,..eLf' ....,... ./ (7 ~j,eta y - RECORDED IN OFFICIAL RECORDs OF LOS ANGELES COUNTY FOR T1 rl.E INSURA i CAUF. '. NCE & TRUST CO fEB 26 1958 AT8A.k RAY E.lE;E. COUNTY RECORQf8 if ~ 2WE75O . >. STATE OF CALIFORNIA ~ , COUNTY OF LOS ANGELES SS. Before me, the undersigned, personally appeared JZ"-'- -~ ~kivv ,.Aj ~t1..<?---1,.-.....) ,known to me to be the President, ... anlJ~ ~/r~1J I~.J , known to me to be the ~cretary, of the TRIANGLE I1~ESTMENT COMPANY, INC., whose name is subscribed to the foregoing Grant Deed, and acknowledged to me that they executed the same on behalf of the TRIANGLE IN- VESTMENT COMPANY, INC., a corporation. IN WITNESS WHEREOF, I have hereunto set my hand and /9 $., day of , 1958. CERTIFICATE This is to certify that the interest in real property conveyed by the deed or grant dated February 19th , 1958, from TRIANGLE INVESTMENT COMPANY, INC., a corporation, to the CITY OF SANTA MONICA, a political corporation and/or governmental agency, is hereby accepted b;y' order of the City Council of the City of Santa Monica on Februar;:r loth , 1958, and the grantee consents to recordation thereof by its duly authorized officer. CITY OF SANTA MONICA, a municipal corporation, ,,] by -2- . :4f' · ' - . , ~ .. .." ~ '----, A ~ ~ ~ <:::::::> ~ \) ,~ ~ .-ci I v.i CJ · q!j 'c I -;.... o r-; .,2 ... z 111= :s <<Vi 84 e 5d.'V . "tI ~ 5.~ -8:e I 5 ~<QO:e UlI..ltl ~o~E C~' c: Gl Z 0 .c < (/) ~ tQ " ':0- e Ii.. . . '4' -'/ aaOLl1ItOH NO.. 191$ ... .UMllJ!:._ :. DUD BO. 167 (Cft) (a,Ift COUNOIL SbII8) A lmSOLVl'ION ,. TJlE eIft ~OUNOIL OF !II' elf'! OJ' SAlrfA MOm. Aln'HOMZDO DB ACQ1JIS:f!'tOtl 'OP A PARC3.L op ,aorb."aft "R 1lII.R P~03E fJI ~iClf1)ING ~-aIxm aftB'f.JMM COU)M!)() A'QmJS 10 a~Im.D JOUlJ:."fARD AT mCHIIAM AYSNllI IN '1'DCIft O'ld". JIONICA. AJm l1D:1mNO 'ftii CITY "AUK . DO ALL ftIN18 JliCESSAaY ..' ACQ,UID Ilm raorD'ft' AN)) RICORD !D DID 'l'Blm8lfth RESCINDS RES . NO. 1888 (CCS). ~S. the CitJ' O~U baa _re'tOtoM dete1'lll1ne4 to. e2i:Mncl tnnt7-alxtA'tl'Mt rr. Colonelo Avenue .. tloftrtield Boul..,ud. at; Jt1oh1sam Avenue in .. City of Santa Jlonleal and 'NJIIUA$.. ~ have bee. 'budpted tb..retort and ~a, tM furohuln& A_nt hall bMn nesotiating tor the purobaM .01 tbe neG_JIal7 ,~",.. to etteotuate ea.14 extenflic:m, C4, ~S.. the lurehu1nc "sent NPO'Pta that he haS com- pl.tH Mptiat10M to.l1 .. pure... of ... of tM XleoeUa!'7' paNel., . . .-:s~. ft8 CXft COUNCIL OP 'fB CITY OP BANTA IlOHIOA 1)0. OLD AS fOl..LOWIs acTIO. 1. 1'he C1t7 ~ 1. ure_ av.thorlD4 to. to~W1th p\tHbMle t~~QI&lW-U'DI!NT COJIPABY. Im).. a .~~tlon.. ~t uriain real. p~~ MMinat'.... cteacn,"1bed ter .b.e _l'iee or 81%t,. '1'~ >>011&8 (f60,OOO.oo).. laid P~J' 18 ..eft" .. toUaII: _t 901'u1on of lot 2. 1ft 'a1ock 30 or &l'kenb~1' 1Jnd,1cate Santa MotUd 'l'rat. 1n 1me 01"" orJanta _rd._. OOlU'ltJ' ot Loa ~l..# .tate of California, .. per ,map "~ 1J1 book 6 papa 26 anti 21 ot _a,1n tU otf1.. of ,tM eount,. fHol."4er of said o-..nt,... dNol'i'be4aa follows Bel,1nr.ing at the aoat ..'e,.1,. eomer of tbe la'n4, .OnwJ'eG to Lou.1a '1'. Kol114aJ, 'by ,dee4 ft4oft'!H in ~k 17322 ,pa,p 223 of Ott1oW IieGOJ'.....ot n14 ~tt# , MS4 ,oomer Mire tbe, ..u--.'or17 lineot 8&1.4 lot 2, 41.tanttheMGfl. J~ .....- .,.. We.t 100. . teet troa t1le _t _the..4t C01'l'1el' ot .aiel ',. 10t iJ thence Jl~ the ~'b._Hl'lJ" 11rut of aai4 ." lot 2..!fortb · 45' Weilt 80.00 teet, ..nee paftllel ". ~~ ., '. e . . lf1 uh .. nonkwelt.er!l11ne ot 8&14 ,land eonft~ to BoIJ.1day; Worth ,45' 13' 55" Jut 150..00 tee'i tMnoe parallel 1f1tA the aa14 Hlitll_.te:P~ Une ot 1.' 2, 8~1l ".. .5' .., 80..00 teet t'O tbe ..t nol"ther17 ooft'.-r ot aaid. land. .t Bolll4al; "nee along tbe no-rttbwesterlY line of lai4 4...nM4 land, 80\lth .,.. 13' '5' Wd' lSO.0Q r.., to tM ,.int of beat:nn1n;. UCTION 2. '!he pnee.hown in lee'b1on 1 a"bo". il the appft1a" v&1v.e of .814 'P"peW1.. nftION 3. 9M 01 '" ~r 18 lnatl'U.~ t'O 1l'118ed1ate17 opea an HeJ'!l.'Mt aM ...u~ all iMtl"Ul!i8nt. ~ 'and 4e all oU1er ~ ..........,. ert..tuate .. tl'lP'lGtu ot ,be .... daMr1be4 ..,.... ''-on .. UtlU1s1t1_ .t .. neeelflJarl 4M4 to said ...,..-. .. ........... .... DftI. 4.. . Bte ~ DY.U!JlIDf "An' 1. to " 3V__ Wheels-top'-r Wltk n.,Ulp. ...alYeS and "wa."-~ ,,!,pea attaohe4 to ..h ,....1... 1 .ater PutIIp , Il"On Cove. Ga'.. we.' 01.ar1nen _,bea<<h IUmblen 2 AJax ""_.. I 1'1__ 'harpe Air ......... 1 J'a1~ .... Seal. t AMrioan 30 I! btra~ 1 .... '..tit, tipbtm ........1' All Upt lNlM --. "* ,'.- e . dqot ...~ , .- aVSSlltLL ~. 1W\! I-I "'0- ~ r j 11 aftGft .. c," <<ti l1eft , I bereb7 .."1tr \la, the t'oM_1n& '1'&801\\.10>> .. 4ul7 ..... _ .. 01_ ~11 ~ tbe City 01 Santa JIlmic.. at; a _tins tMJ'$Ot f held 0.."1 the Mth da7 of ... 1t58._ the foUOV1ng ftM ., the COune11~ 0__111enJ Drolm-Sole. henu, .J\uIaa, .'U,'jJ Ban 11_ 11eii r . . . .. , '. .' . . . . 1012 9.56 California Land Title Association Standard Coverage Policy Form Copyright 1950 Fee $;2 :z ~ . 00 POLICY OF TITLE INSURANCE ISSUED BY TITLE INSURANCE AND TRUST COMPANY OF LOS ANGELES Title Insurance and Trust Company, a corporation, of Los Angeles, California, herein called the Com~ pany, for a valuable consideration paid for this policy of title insurance, the number, date, and amount of which are shown in Schedule A, does hereby insure the parties named as Insured in Schedule A, together with the persons and corporations included in the definition of "the insured" as set forth in the stipulations of this policy, against loss or damage not exceeding the amount stated in Schedule A which the insured shall susta,in by reason of: 1. Title to the land described in Schedule C being vested, at the date hereof, otherwise than as herein stated; or 2. Unmarketability, at the date hereof, of the title to said land of any vestee named herein, unless such unmarketability exists because of defects, liens, encumbrances, or other matters shown or referred to in Schedule B; or 3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not shown or referred to in Schedule B; or 4. Any defect in the execution of any mortgage or deed of trust shown in Schedule B securing an indebtedness, the owner of which is insured by this policy, but only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or 5. Priority, at the date hereof, over any such mortgage or deed of trust, of any lien or encumbrance upon said land, except as shown in Schedule B, such mortgage or deed of trust being shown in the order of its priority in Part Two of Schedule B; all subject, however, to Schedules A, Band C and the Stipulations herein, all of which schedules and stipulations are hereby made a part of this policy. In Witness Whereof, Title Insurance and Trust Company has caused its corporate name and seal to be hereunto affixed by 'its duly authorized officers on the date shown in Schedule A. TITLE INSURANCE AND TRUST COMPANY by -?~..('~ENT Attest ~ "2 ,-' ,.~ - "" SECRETARY '0 _ _ - - ", -. -:":"'" _" ~/-'T;"::'t - , _ ~]:/'~ /_~V~/z::2;? ~.~:il,'tt'1' """;"~," , , ji .. . '. .' . . - - , 1012A.B 9.56 California land Title Association SCHEDULE A Standard Coverage Policy form Copyright 1950 Amount $60,000.00 Date February 26, 1958 at 8 a.m. Policy No. 4903693 INSURED e I'l'Y OF SANTA M0NICA" a corporation. The title to said land is, at the date hereof, vested in: CI'fY 0F SANTA M0NICA" a corporation. SCHEDULEB This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly insured in paragraphs numbered 4 and 5 on the first page of this policy. PART ONE: This part of Schedule B refers to matters which, if any such exist, may aHect the title to said land, but which are not shown in this policy: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing agency or by the public records; and easements, liens or encumbrances which are not shown by the public records. 2. Rights or claims of persons in possession of said land which are not shown by the public records. 3. Any facts, rights. interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land. or by making inquiry of persons in possession thereof, or by a correct survey. 4. Mining claims, reservations in patents, water rights, claims or title to water. 5. Any laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regulating or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or any zoning ordinances prohibiting a reduction in the dimensions or area, or separation in ownership, of any lot or parcel of land; or the effect of any violation of any such restrictions, regulations or prohibitions. . . .. . '. .- . . - , 1 012B Cont. 9-56 S CHED U LE B- (Continued) California Land Titl" Association Standard Coverall" Policy Form Copyright 1950 PART Two: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the title to said land or to which said title is subject: 1. General and special county and city taxes for the fiscal year 1957-195B, Amount $650.39, first Installment $325.20, plus penalty. 2. An action was commenced January 10, 1958, entitled city of Santa Monica, a Municipal Corp., vs Triangle Investment Co., lnc . , a corporation, in eminent domain, Case No. SMc-6063. . . '. .. .. - . . . , 1012C 9.56 California Land Title Association SCHEDULE C Standard Caverage Policy Form Copyright 1950 The land referred to in this policy is situated in the county of Los Angeles, state of California, and is described as follows: That portion of lot 2 in block 30 of Erkenbrecher Syndicate Santa Monica Tract, inthe city of Santa Monica, county of Los Angeles, state of California, as per map recorded in book 6 pages 26 and 27 of Maps, described as follows: Beginning at the most westerly corner of the land conveyed to Louis '1'. Halliday, by deed recorded in book 17322 page 223, Official Records, of said county, said corner being the southwesterly line of said lot 2, distant thereon North 440 45' West 100.00 feet from the most southerly corner of said lot 2; thence along the south- westerly line of said lot 2, North 440 451 West 80.00 feet; thence parallel with the northwesterly line, of said land comey-Ed to HOlliday; North 450 13 f 5511 East 150.00 feet; thence t'arallel with., the said southwesterly line of lot 2 South 40 45' East 80.00 feet to the most northerly corner of said land of HOlliday; thence along the northwesterly line of said described land, South 450 13' 5511 West 150.00 feet to the point of beginning. . - . .. . . . >. .. . .' 10120 9.56 California land Title Association S TI P U LA T I 0 N S Standard Coverage Policy form Copyright 1950 1. SCOPE OF COVERAGE curred or expended by the Company, which may be otherwise. The liability of the Company under this recoverable by the insured in any litigation carr.ied policy shall in no case exceed, in all, the actual loss This policy does not insure against, and the Company on by the Company on behalf of the insured. The of the insured and costs which the Company is obligated will not be liable for loss or damage created by or word HknowledgeH in this paragraph means actual hereunder to pay, and in no case shall such total arising out of any of the following: (a) defects, liens, knowledge, and does not refer to constructive knowl- liability exceed the amount of this policy and said claims, encumbrances, or other matters which result in edge or notice which may be imputed to the insured costs. All payments under this policy shall reduce the no pecuniary los~ to the insured; (b) defects, liens, by the public reco-rds. amount uf the insurance pro tanto, and payment of 108s encumbrances, or other matters created or occurring or damage to an insureq owner of indebtedness shall subsequent to the date hereof j (0) defects, liens, 3. NOTICE OF LOSS. LIMITATION OF ACTION reduce, to that extent, the liability of the Company to encumbrances, or other matters created or snffered by the insurcd owncr of said land. No payment may the insured claiming such loss or damage; or (d) A statement in writing of any loss or damage for which be demanded by any insured without producing this defects, liens, claims, encumbrances, or other matters it is claimed the Company is liable under this policy policy for indorsement of such payment. existing at the date of this policy and known to the shall be furnished to the Company within sixty days insured claiming such loss or damage, either at the after such loss or damage shall have been ascertained. date of this policy or at the date such insured claim- No action or proceeding for the recovery of any such 8. MANNER OF PAYMENT OF LOSS TO INSURED ant acquired an estate or interest insured by this policy, loss or damage shall be instituted or maintained Loss under this policy shall be payable, first, to any unless such defect, lien, claim, encumbrance or other against the Company until after full compliance by insured owner of indebtedness secured by mortgage or matter shall have been disclosed to the Company in the insured with all the conditions imposed on the deed of trust shown in Schedule B, in order of priority writing prior to the issuance of this policy or appeared insured by this policy, nor unless commenced within therein shown, and if such ownership vests in more at the date of this policy on the public records. Any twelve months after receipt by the Company of such than one, payment shall be made ratably as their rights or defenses of the Company against a named written statement. respective interests may appear, and thereafter any insured shall be equally available against any person loss shall be payable to the other insured, and if more or corporation who shall become an insured hereunder 4. OPTION TO PAY, SETTLE, OR COMPROMISE than one, then to such insured ratably as their respec- as successor of such named insured. CLAIMS tive interests may appear. If there be no such insured The Company reserves the option to pay, settle or owner of indebtedness, any loss shall be payable to the insured, and if more than one, to such insured 2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS compromise for, or in .the name of, the insured, any ratably as their respective interests may appear. OR CLAIMS TO 8E GIVEN BY THE INSURED claim insured against or to pay this policy in full at any time, and payment or tender of payment of the The Company at its own cost shall defend the insured full amount of this policy, together with all accrued 9. DEFINITION OF TERMS in all litigation consisting of actions or proceedings costs which the Company is obligated hereunder to pay, The following terms when used in this policy mean: against the insured, or defenses, restraining orders, or shall terminate all liability of the Company here- (a) unamed insured": the persons and corporations injunctions interposed against a foreclosure or sale of under, including all obligations of the Comp-any with named as insured in Schedule A of this policy; (b) said land in satisfaction of any indebtedness, the respect to any litigation pending and subseq'\lent costs "the insured": such named insured together with (1) owner of which is insured by this policy, which litiga. thereof. each successor in ownership of any indebtedness tion is founded upon a defect, lien, encumbrance, or secured by any mortgage or deed of trust shown in other matter insured against by this policy, and may 5. SUBROGATION UPON PAYMENT OR SETTLE- Schedule B, the owner of which indebtedness is pursue such litigation to final determination in the MENT named herein as an insured, '(2) any such owner or court of last resort. In case any such litigation shall Whenever the Company shall have settled a claim successor in ownership of any such indebtedness who become known to any insured, or in case knowledge under this policy, it shall be subrogated to and be acquires the land described in Schedule C or any shall come to any insured of any claim of title or part thereof, by lawful means in satisfaction of said interest which is adverse to the title as insured or entitled to aU rights, securities, and remedies which indebtedness or any part thereof, (3) any governmental which might cause loss or damage for which the the insured would have had against any person or agency or instrumentality acquiring said land under Company shall or may be liable by virtue of this property in respect to'such claim, had this policy not an insurance contract or guarantee insuring or guar. poliey, such insured shall notify the Company thereof been issued. If the payment d-oes not cover the loss an teeing said indebtedness or any part thereof, and in writing. If such notice shall not be given to the of the insured, the Company shall be subrogated to (4) any person or corporation deriving an estate or Company at least two days before the appearance day such rights, securities, and remedies in the proportion interest in said land as an heir or devisee of a named in any such litigation, or if such insured shall not, in which said payment bears to the amount of said loss. insured or by reason of the dissolution, merger, or writing, promptly notify the Company of any defect, In either event the insured shall transfer, or cause to consolidation of named insured; (0) be transferred, to the Company such rights, securities, a corporate lien, encumbrance, or other matter insured against, or "land": the land described specifically or by reference of any such adverse claim which !!hall come to the and l"emedies. and shall permit the Company to use in Schedule C and improvements affixed thereto which knowledge of such insured. in respect to which loss the name of the insured in any transaction or litigation by law constitute real property; (d) "date": the or damage is apprehended, then all liability of the involving such rights, securities, or remedies. exact day, hour and minute specified in the first line Company 8S to each insured having such knowledge TO PAY INSURED OWNER OF IN. uf Schedule A (unless the context clearly requires a shall cease and terminate; provided, however, that 6. OPTION different meaning); (e) "taxing agency": the State failure to so notify the Company shall in no case prej. DEBTEDNESS AND BECOME OWNER OF SECURITY and each county, city and county, city and district udice the claim of any insured unless the Company The Company has the right and option, in case any in which said land or some part thereof is situated that shall be actually prejudiced by such failure. The Com- loss is claimed under this policy by an insured owner levies taxes or assessments on real property; (I) pany shall have the right to institute and prosecute of an indebtedness secured by mortgage or deed of "public records": those public records which, under any ,action or proceeding or do any other act which, trust, to pay such insured the indebtedness of the the recording laws, impart constructive notice of mat. in its opinion, may be necessary or desirable to mortgagor or trustor under said mortgage or deed of ters relating to said land. establish the title, or any insured lien or charge, as trust, together with all costs which the Company is insured. In all cases where this policy permits or obligated hereunder to pay, in which case the Com- 10, WRITTEN INDORSEMENT REQUIRED TO requires the Company to prosecute or defend any pany shall become the owner of, and such insured CHANGE POLICY action or proceeding, the insured shall secure to it in shall at once assign and transfer to the Company, said writing the right to so prosecute or defend such action mortgage or deed of trust and the indebtedness there- No provision or condition of this policy can be waived or proceeding, and all appeals therein, and permit it by secured, and such payment shall terminate all or changed except by writing indorsed hereon or at- to use, at its option, the name of the insured for such liability under this policy to such insured. tached hereto signed by the President, a Vice Presi- purpose. Whenever requested by the Company the dent, . the Secretary, or an Assistant Secretary of the insured shall assist the Company in any such action 7. PAYMENT OF LOSS AND COSTS OF LITIGATION. Company. or proceeding, in effecting settlement, securing evi. INDORSEMENT OF PAYMENT ON POLICY dence, obtaining witnesses, prosecuting or defending 11. NOTICES, WHERE SENT such action or proceeding, to such extent and in such The Company will pay, in addition to any loss insured manner as is deemed desirable by the Company, and against by this policy, all costs imposed upon the in. All notices required to be given the Company and any the Company shall reimburse the insured for any sured in litigation carried on by the Company for the statement in writing required to be furnished the Cc:>>m- expense so incurred. The Company shaH be subrogated insured, and in litigation carried on by the insured pany shall bc addrcsscd to it at thc office which issued to and be entitled to all costs and attorneys' fee! in- with the written authorization of the Company, but not this policy. 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