Federal Register. Raymond James Employee Investment Fund I, L. P., et al.; Notice of Application. Start Preamble. October 1. ACTION: Notice of application for an order under sections 6(b) and 6(e) of the Investment Company Act of 1. Act”) granting an exemption from all provisions of the Act, except section 9, and sections 3. Act. With respect to sections 1. Act, and the rules and regulations thereunder, and rule 3. Act, the exemption is limited as set forth in the application. Summary of Application: Applicants request an order to exempt certain limited partnerships and other investment vehicles formed for the benefit of eligible employees of Start Printed Page 5. Raymond James Financial, Inc. Each partnership or other investment vehicle will be an “employees” securities company” within the meaning of section 2(a)(1. Act. Applicants: Raymond James Employee Investment Fund I, L. P. Filing Dates: The application was filed on February 2. October 5, 2. 00. Hearing or Notification of Hearing: An order granting the application will be issued unless the Commission orders a hearing. Interested persons may request a hearing by writing to the Commission's Secretary and serving applicant with a copy of the request, personally or by mail. Hearing requests should be received by the Commission by 5: 3. Hearing requests should state the nature of the writer's interest, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by writing to the Commission's Secretary. RAYMOND JAMES POINT OF VIEW ADDRESSES: Secretary, U. S. Securities and Exchange Commission, 1. F Street, NE., Washington, DC 2. Applicants, The Raymond James Financial Center, 8. Raymond James Wealth Management* Personal Insurance Retirement Services * Legacy and Estate Planning* Employee Benefits Investor Relations Corporate Information. Employee Training And Development By Raymond.pdf DOWNLOAD HERE 1 / 2 http://www.pdfsdocuments.com/out.php?q=Employee+Training+And+Development+By+Raymond. Savings/Investment Contribution ISS will provide an amount equal to 10% of the Employee's base salary as a savings or investment contribution to either the TIAA-CREF retirement plan, a Raymond James personal account or to an investment or savings plan of. Employee Handbook 2012-2013 Table of contents Introduction Employee handbook receipt District information Description of the district District map Mission statement District goals and objectives Board of trustees Board meeting schedule for 2010-2011. 216 reviews from Raymond James employees about Raymond James culture, salaries, benefits, work-life balance, management, job security, and more. Find Jobs Find Resumes Employers / Post Job Upload your resume Sign in Raymond James 230 reviews. Carillon Parkway, St. Petersburg, Florida 3. Start Further Info. FOR FURTHER INFORMATION CONTACT: Laura J. Riegel, Senior Counsel, at (2. Julia K. Gilmer, Branch Chief, at (2. Division of Investment Management, Office of Investment Company Regulation). End Further Info. End Preamble. Start Supplemental Information. SUPPLEMENTARY INFORMATION: The following is a summary of the application. The complete application may be obtained for a fee at the Commission's Public Reference Branch, 1. F Street, NE., Washington DC 2. Applicants' Representations 1. RJF is a diversified financial services holding company organized under the laws of Florida, whose subsidiaries engage primarily in investment and financial planning, including securities and insurance brokerage, investment banking, asset management, banking and cash management and trust services. RJF and its “Affiliates,” as defined in rule 1. Securities Exchange Act of 1. Act”), are referred to collectively as “Raymond James.” 2. The Initial Partnerships are limited partnerships organized under the laws of the state of Delaware. Applicants may offer additional investment vehicles identical in all material respects (other than investment objectives and strategies and form of organization) that may be offered in the future to the same class of investors as those investing in the Initial Partnerships (together with the Initial Partnerships, the “Partnerships”). Each Partnership will be a limited partnership or other investment vehicle formed as an “employees' securities company” within the meaning of section 2(a)(1. The general partner of each Partnership will be an Affiliate of RJF (“General Partner”). Any partner in a Partnership other than a General Partner is a “Limited Partner” or “Participant.” The General Partner will manage, operate, and control each of the Partnerships. The General Partner will be authorized to delegate investment management responsibility only to a Raymond James entity or a committee of Raymond James employees. The ultimate responsibility for the Partnerships' investments will remain with the General Partner. Any Raymond James entity that is delegated the responsibility of making investment decisions for a Partnership will register as an investment adviser under the Investment Advisers Act of 1. Advisers Act”) if required under applicable law. The General Partner, Raymond James or any employee of the General Partner or Raymond James may be entitled to receive a performance- based fee (such as a “carried interest”) based on the gains and losses of the investment program or of the Partnership's investment portfolio. Interests in the Partnerships (“Interests”) will be offered without registration in reliance on section 4(2) of the Securities Act of 1. Securities Act”), or Regulation D under the Securities Act, and will be sold only to “Eligible Employees” and “Qualified Participants,” in each case as defined below, or to Raymond James entities. An “Eligible Employee” is (a) an individual who is a current or former employee, officer, director, or “Consultant” of Raymond James and, except for certain individuals who manage the day- to- day affairs of the Partnership in question (“Managing Start Printed Page 5. Employees”) . A “Qualified Participant,” is an individual or entity (a) that is an Eligible Family Member or Qualified Investment Vehicle (in each case as defined below) of an Eligible Employee, and (b) if the individual or entity is purchasing an Interest from a Partnership, comes within one of the categories of an “accredited investor” under rule 5. Regulation D. An “Eligible Family Member” is a spouse, parent, child, spouse of child, brother, sister, or grandchild of an Eligible Employee, including step and adoptive relationships. A “Qualified Investment Vehicle” is (a) a trust of which the trustee, grantor and/or beneficiary is an Eligible Employee, (b) a partnership, corporation or other entity controlled by an Eligible Employee, or (c) a trust or other entity established solely for the benefit of Eligible Family Members of an Eligible Employee. The terms of a Partnership will be fully disclosed to each Eligible Employee and, if applicable, to a Qualified Participant of the Eligible Employee, in a partnership agreement (the “Partnership Agreement”), which will be furnished at the time the Eligible Employee is invited to participate in the Partnership. Each Partnership will send audited financial statements to each Participant within 1. Partnership that was formed to make a single portfolio investment (in which case audited financial statements will be prepared for either the Partnership or the entity that is the single portfolio investment). Interests in a Partnership will be non- transferable except with the prior written consent of the General Partner. No sales load will be charged in connection with the sale of Interests. An Eligible Employee's interest in a Partnership may be subject to repurchase or cancellation if: (a) The Eligible Employee's relationship with Raymond James is terminated for cause; (b) the Eligible Employee becomes a consultant to or joins any firm that the General Partner determines, in its reasonable discretion, is competitive with any business of Raymond James; or (c) the Eligible Employee voluntarily resigns from employment with Raymond James. Upon repurchase or cancellation, the General Partner will pay to the Eligible Employee at least the lesser of (a) the amount actually paid by the Eligible Employee to acquire the Interest (less prior distributions, plus interest), and (b) the fair market value of the Interest as determined at the time of repurchase or cancellation by the General Partner. The terms of any repurchase or cancellation will apply equally to any Qualified Participant of an Eligible Employee. Subject to the terms of the applicable Partnership Agreement, a Partnership will be permitted to enter into transactions involving (a) a Raymond James entity, (b) a portfolio company, (c) any Partner or person or entity affiliated with a Partner, (d) an investment fund or separate account that is organized for the benefit of investors who are not affiliated with Raymond James and over which a Raymond James entity will exercise investment discretion or which is sponsored by a Raymond James entity (“Third Party Fund”), or (e) any person or entity who is not affiliated with Raymond James and is a partner or other investor in a Third Party Fund or a third party sponsored fund or pooled investment vehicle that is not affiliated with Raymond James (a “Third Party Investor”). Prior to entering into any of these transactions, the General Partner must determine that the terms are fair to the Partners. A Raymond James entity (including the General Partner) acting as agent or broker may receive placement fees, advisory fees, or other compensation from a Partnership or a portfolio company in connection with a Partnership's purchase or sale of securities, provided that such placement fees, advisory fees, or other compensation can be deemed to be “usual and customary.” Such fees or other compensation will be deemed “usual and customary” only if (a) the Partnership is purchasing or selling securities with other unaffiliated third parties, including Third Party Funds or Third Party Investors, who are similarly purchasing or selling securities, (b) the fees or other compensation being charged to the Partnership are also being charged to the unaffiliated third parties, including Third Party Funds or Third Party Investors, and (c) the amount of securities being purchased or sold by the Partnership does not exceed 5. Start Printed Page 5. Partnership and the unaffiliated third parties, including Third Party Funds and Third Party Investors. Raymond James entities, including the General Partner, also may be compensated for services to entities in which the Partnerships invest and to entities that are competitors of these entities, and may otherwise engage in normal business activities. The Partnerships may borrow from a General Partner or a Raymond James entity. The interest rate on such loans will be no less favorable to the Partnerships than the rate that could be obtained on an arm's length basis. A Partnership will not borrow from any person if the borrowing would cause any person not named in section 2(a)(1.
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