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Howard Hughes, Sr. personal typed and signed Hughes Tool Company employee bonus schedule.

Currency:USD Category:Memorabilia Start Price:200.00 USD Estimated At:200.00 - 300.00 USD
Howard Hughes, Sr. personal typed and signed Hughes Tool Company employee bonus schedule.
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2. Howard Hughes, Sr. personal typed and signed Hughes Tool Company employee bonus schedule executed 5 months before his sudden death from a heart attack. 1-page, 8.5 x 11 in., dated August 13, 1923, document typewritten "-Hughes Tool Company-" at the header. Has several handwritten amendments in an unknown hand. The document reads in part: "In appreciation of past service and in an effort to build up an organization for the Hughes Tool Company, it gives me pleasure to inaugurate the following: Bonus Plan for the Sales Department...The bonus to be distributed under this plan for each calendar year is 2% of said amount available for distribution'..." Signed "Howard R. Hughes" below which is handwritten in an unknown hand, "President / Plaza Hotel, New York City, August 13, 1923". Includes a photocopy of the bonus plan as amended by Howard R. Hughes, Jr. dated February 15, 1929. Exhibits expected folds with chipping on margins. From the personal collection of Howard Hughes. $200 - $300