You are on page 1of 1

72802 Federal Register / Vol. 72, No.

245 / Friday, December 21, 2007 / Notices

Part 430, subpart B, section 430.203: provide a retained rate under the SECURITIES AND EXCHANGE
Definitions (only to the extent necessary enhanced pay retention provisions in COMMISSION
to allow an additional rating of record section III.A.10. will be increased by
to support a pay decision under section 100 percent of the dollar amount of any
[File No. 500–1]
III.C.3 or 4 of this project plan) increase in the normal maximum rate of
Part 511, subpart B: Coverage of the the employee’s band during the two- In the Matter of: Score One, Inc.,
General Schedule year period beginning on the date the Physical Property Holdings, Inc.; Order
Part 530, subpart C: Special Rate employee’s retained rate is established;
of Suspension of Trading
Schedules for Recruitment and and (9) provide when a retained rate for
Retention an employee with a rating of record December 19, 2007.
Part 531, subpart B: Determining Rate below Fully Meets Expectations falls
of Basic Pay below the applicable adjusted rate for It appears to the Securities and
Part 531, subpart D: Within-Grade the normal band maximum, the retained Exchange Commission that there is a
Increases rate will be terminated and the lack of current and accurate information
Part 531, subpart E: Quality Step employee’s pay will be set at an concerning the securities of the issuers
Increases adjusted rate equal to the retained rate). listed below. For each issuer, questions
Part 531, section 531.604: have arisen regarding the adequacy and
Part 550, sections 550.106–107:
Determining an employee’s locality rate accuracy of press releases and other
Biweekly and annual maximum
(only to the extent necessary to (1) allow publicly-disseminated information
earnings limitation (only to the extent
a frozen locality pay percentage for concerning, among other things: (1) The
necessary to provide that an applicable
employees with a rating of record below companies’ assets; (2) the companies’
staffing supplement is added to the GS–
Fully Meets Expectations, as provided current business operations; (3) the
15, step 10, rate in lieu of the applicable
in the plan; and (2) apply an ‘‘effective’’ companies’ current financial condition;
locality payment.
locality pay percentage for employees in (4) the issuance of the companies’
the upper range extension under Part 550, section 550.113(a): securities; and (5) transactions in the
circumstances described in the plan) Computation of overtime pay (only to companies’ securities by insiders,
Part 531, section 531.606: Maximum the extent necessary to provide that the
consultants, and other individuals and
limits on locality rates (only to the GS–10 minimum special rate (if any) for
entities.
extent necessary to provide a locality the special rate category that would
rate may not exceed the rate for EX-IV otherwise apply to an employee (but for 1. Score One, Inc. is a Nevada
plus 5 percent for employees in the the existence of the demonstration corporation headquartered in Hong
upper range extension). project) is deemed to be the ‘‘applicable Kong. The company is dually quoted on
Part 536, subpart B: Grade Retention special rate of pay’’ in determining the the Over-the-Counter Bulletin Board
Part 536, subpart C: Pay Retention overtime hourly rate cap). and Pink Sheets under the ticker symbol
(only to the extent necessary to (1) Part 550, section 550.703: Definitions ‘‘SREA.’’ The company has recently
replace ‘‘grade’’ with ‘‘band;’’ (2) bar (to the extent necessary to modify been the subject of spam e-mails touting
employees with a rating of record lower paragraph (c)(4) of the definition of the company’s shares.
than Fully Meets Expectations from ‘‘reasonable offer’’ by replacing ‘‘two 2. Physical Property Holdings, Inc. is
receiving retained rate increases under 5 grade or pay levels’’ with ‘‘one pay band a Delaware corporation headquartered
CFR 536.305; (3) provide that pay level’’ and ‘‘grade or pay level‘‘ with in Hong Kong. The company is dually
retention provisions do not apply to ‘‘pay band level’’). quoted on the Over-the-Counter Bulletin
conversions into the demonstration
Part 752, section 752.401(a)(3): Board and Pink Sheets under the ticker
project from the General Schedule or
other pay system, as long as the Adverse actions (only to the extent symbol ‘‘PPYH.’’ The company has
employee’s total pay rate is not necessary to replace ‘‘grade’’ with recently been the subject of spam e-
reduced); (4) provide that a retained rate ‘‘band’’). mails touting the company’s shares.
may not exceed the rate for EX-IV plus Part 752, section 752.401(a)(4): The Commission is of the opinion that
5 percent; (5) provide the pay (including Adverse actions (only to the extent the public interest and the protection of
any locality adjustment or staffing necessary to provide that adverse action investors require a suspension of trading
supplement) of an employee in the provisions do not apply to conversions in the securities of Score One, Inc. and
upper range extension who is rated into the demonstration project from the Physical Property Holdings, Inc.
below Significantly Exceeds General Schedule or other pay system,
as long as the employee’s total rate of Therefore, it is ordered, pursuant to
Expectations will be converted to a
retained rate before processing any other pay is not reduced. section 12(k) of the Securities Exchange
actions; (6) provide a retained rate that Act of 1934, that trading in the
Note: If any of the provisions of title 5, securities of Score One, Inc. and
is less than the maximum rate Code of Federal Regulations, listed above are
(including any locality adjustment or Physical Property Holdings, Inc. is
revised during the period this demonstration suspended for the period commencing
staffing supplement) of the upper range project is in effect, NNSA may choose to
extension for an employee who receives at 9:30 a.m. EST, December 19, 2007,
terminate the waiver of one or more such
a rating of record of Significantly and terminating at 11:59 p.m. EST, on
provisions with respect to employees
Exceeds Expectations will be terminated January 3, 2008.
participating in the project, without formally
mstockstill on PROD1PC66 with NOTICES

and converted to an equal adjusted rate; modifying the project itself. NNSA must By the Commission.
(7) provide the range maximum rate notify OPM when any such waiver is Nancy M. Morris,
used to compute retained rate terminated.
adjustments is the normal range Secretary.
maximum rate (including any locality [FR Doc. 07–6144 Filed 12–20–07; 8:45 am] [FR Doc. 07–6174 Filed 12–19–07; 10:15 am]
adjustment or staffing supplement); (8) BILLING CODE 6325–43–P BILLING CODE 8011–01–P

VerDate Aug<31>2005 18:37 Dec 20, 2007 Jkt 214001 PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 E:\FR\FM\21DEN1.SGM 21DEN1

You might also like