Medarbejderen på den moderne vidensarbejdsplads
|
|
|
- Agnete Johannsen
- 10 år siden
- Visninger:
Transkript
1 Medarbejderen på den moderne vidensarbejdsplads - Om stress og konflikter i det moderne arbejde Studierapport 2. Semester, 2012 Hus 20.2, Samfundsvidenskabligt Basisstudium, Roskilde Universitet Gruppe 16: Mette Finnemann, David Houser, Mikkel Nilsson, Nanna Sundgaard og Kristoffer Petersen. Antal normalsider: 73,3 Vejleder: Ole Erik Hansen
2 Det Samfundsvidenskabelige Basisstudium 2. semester projekteksamen 2012 Projekttitel: #$%&'($)%$'$*+,%$*-.%$'*$/0%$*1&'($)%1+2&%13.-14'$ *72064$'0%$4-.%$'*$&'($)%$. Projektbeskrivelse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
3 Det Samfundsvidenskabelige Basisstudium 2. semester projekteksamen 2012 Projekt Title: C=$$-+2.;$$0*4=$-.%$'*6*.G2$%5$.'5&*0H&40.*I Abstract: C=$ +.0*4.7 %$+&'4:'$ 7.' 4= $J+2.'$ 4=$ *$G 7.'-1.7.'5&*0H&40.*1 I G04=.+$* +2&*.770@$1 &*% & 7.@:1.* 6*.G2$%5$ 1=&'0*5<4'&*1+&'$*@;&*%4$&-3G.'6I'$5&'%0*514'$11&*%@.*720@410*-.%$'* G.'6207$> C=$ +'.)$@4 '$/.2/$1 &'.:*% 14:%0$1 &(.:4 4=$ G.'6 207$.7 $-+2.;$$10*A.--:*$'*$1B&*%17.'$*0*5&*%C';57.*%$*>?401@.*@2:%$%4=&4 *$G 7.'-1.7.'5&*0H&40.*1 G04=.+$* +2&*.770@$1 &*% &* $-+=&101.* 6*.G2$%5$1=&'0*5<4'&*1+&'$*@;&*%4$&-3G.'6<+2&@$&1$'0$1.7%$-&*%1.* 4=$0*%0/0%:&2G.'6$'.7G=0@=1.@0&2@&+&(02040$11:@=&1$J4'./$'10.*<72$J0(0204; &*% G0220*5*$11 4. &%&+4 &'$ 0-+.'4&*4> C=$1$ 1.@0&2 4'&041 1$$- 4. & +&'&%.JM.* 4=$.*$ =&*%< 4=$; 1$$- 4=$ 4.@'$&4$&7.:*%&40.*7.'-$&*0*57:2*$11.7G.'6<+$'1.*&2%$/$2.+-$*4&*%& 14'.*51$*[email protected]:*04;7.'4=.1$G=.&'$&(2$4.$-('&@$4=$1$%$-&*%1.7 -.%$'*G.'6207$> F
4 O "?*%2$%*0*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>P ">" Q'.(2$-7$24>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>P ">F Q'.(2$-7.'-:2$'0*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>R ">O S%%;(*0*5.57.'62&'0*5&7+'.(2$-7.'-:2$'0*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>T ">U V'($)%11+9'51-,2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>W ">X Y$5'$(1&762&'0*5M>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"Z ">X>" [4'$11>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"Z ">X>F [4'$11.'$'\14'$117&64.'$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"" ">X>O [;*205=$%\C'&*1+&'$*1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"" ">X>U 82$610(0204$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"F ">P V75'E1*0*5&75$*14&*%17$24>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"F F #$4.%$./$'/$)$21$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"X F>" C$.'$4016$./$'/$)$21$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"X F>">" N'5&*01&40.*14$.'00+'.)$64$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"X F>">F Y':5$*&78.:@&:240+'.)$64$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"P "#"$ Y':5$*&7[$**$44.54$1$*.-%&'()*&+,-.*&(/&00&,+&>>>>>>>>>>>>>>>"R F>">U A'0406&74$.'0/&25>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"T F>F ]-+0'016$./$'/$)$21$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"W F>F>" ^$'-$*$: /&204&40/4025&*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"W F>F>F Y':5$*&7@&1$14:%0$'0.+5&/$*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>F" F>F>O S%/E25$21$&7@&1$1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>FF F>F>U?*4'.%:640.*402@&1$14:%0$&7-$%&'($)%$'$*0AB^:1$4>>>>>>>>FO F>F>X?*4'.%:640.*402@&1$14:%0$&7-$%&'($)%$'$*0C';57.*%$*>>>FO F>F>P?*4'.%:640.*402?DV3:*%$'195$21$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>FU O C$.'0&71*04>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>FX O>" N'5&*01&40.*14$.'0>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>FX O>F _./$'*-$*4&204;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>FT O>F>" [4;'0*5`@.*%:@4.7@.*%:@4a>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>FW O>F>F _./$'*-$*4&204;($5'$($4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OZ O>O 8.:@&:240+'.)$64$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OF O>O>" D /$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OF O>O>F Q'.)$64% /$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OO
5 U O>O>O b$4/e'61'&40.*&204$4$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>ou O>O>U [;*20559'$21$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OX O>O>X [$2/4$6*.2.50$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OR O>U O>U>" D$472$610(2$-$**$16$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OR O>U>F D$*72$610(2$6&+04&201-$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OT O>U>O 82$610(0204$41($5'$($4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>OW O>U>U 82$610(0204$4$*16.*1$6/$*1$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>UZ U V*&2;1$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>UO U>" #.%$'*$.'5&*01&40.*17.'-$'Mc&40.*&2$.5-,21E4*0*5>>>>>>>>>>>>>>>>>>>>>>>>>UO U>">" N'5&*01&40.*$'1:%/0620*5.57.'&*%'0*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>UU U>">F S%/0620*5&7'.22$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>UX U>">O 8.'&*%'0*5$*1-&*5$&*1054$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>UP U>">U d0%$*%$20*5.51&-&'($)%$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>ur U>">X b;$14'&4$50$'>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>uw U>F D$26.*62:10.*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>XF X V'($)%120/$40%$*-.%$'*$.'5&*01&40.*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>XU X>" e='014&v-=9)ma.--:*$'*$1b&*%17.'$*0*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>xu X>">" #$%&'($)%$'$*0%$*4'&*1+&'$*4$.'5&*01&40.*>>>>>>>>>>>>>>>>>>>>>>XU X>">F [;*205=$%0&'($)%120/$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>XX X>">O #:205$6.*1$6/$*1$'7.'-$%&'($)%$'$*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>XR X>F C';57.*%$*M$4@&1$14:%0$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>PZ X>F>" ^/$-$'4';57.*%$*f>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>P" X>F>F C';57.*%$*1':-205$.5%$-.5'&7016$.'5&*01$'0*5>>>>>>>>>>>>>>PF X>F>O V'($)%120/$40C';57.*%$*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>PU X>F>U [$2/14;'0*5.5&*1/&'7.'$5$4&'($)%$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>PX X>F>X 8.'%$2$.5:2$-+$'/$%&'($)%$40%$4,(*$6.*4.'>>>>>>>>>>>>>>>>>PR X>F>P 8E22$116&(.51&-&'($)%$+,&'($)%1+2&%1$*>>>>>>>>>>>>>>>>>>>>>>>>>>>>PT X>F>R d0%$*%$20*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>rz X>F>T ]5$4&*1/&'&46:**$*&/05$'$0&'($)%120/$4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>R" X>O V712:44$*%$.-A.--:*$'*$1B&*%17.'$*0*5.5C';57.*%$*>>>>>>>>>>>>>>>RO X>O>" d&20%04$4.56'0406&7ab^:1$4.5c';57.*%1@&1$1>>>>>>>>>>>>>>>>>>>ru X>U D$26.*62:10.*M>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>RU
6 P V'($)%120/<=/$'%&5120/.514'$11>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>RP P>" Q'.)$64-$*4&204$4I72$610(0204$4.514'$11>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>RP P>">" A.*1$6/$*1&7+'.)$64$41:%('$%$21$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>RR P>">F 82$610(0204$4.514'$11>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>RT P>F V'($)%120/.57&-020$20/>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>T" P>F>" [;*20559'$21$&7-$%&'($)%$'$*0%$*4'&*1+&'$*4$.'5&*01&40.*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>TX P>O D$26.*62:10.*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>TT R [&-2$46.*62:10.*>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WZ T Q$'1+$640/$'0*5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WF W B044$'&4:'2014$>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WU "Z Y02&5>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WT X
7 # $%&'(&%)%*" #+#,-./'(01('2" D$' $61014$'$' $* 'E66$ +'.(2$ *5$' 6*;44$ %$$*.- g%$4 5.%$ &'($)%1-02)9g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`V-=9)FZZUa> ^014.'016 1$4 $' %$'< 07925$ %$* &-$'06&*16$ [email protected] c0@=&'% [$**$44< 16$4 $ %$($40*5$21$'1.-/.'$1&'($)%120/=&'/E'$4:*%$'2&54<7'&%$44;/$*%$,'=:*%'$%$1 0*%:14'0&'($)%$'$.5 7'$- 402 *:40%$*1 -.%$'*$ /0%$*1&'($)%$'$ `[$**$4"WWWh^&'14$FZZRa>[$**$44$'.+4&5$4&7<=/.'2$%$11,23-4*&()25/&5(+40( 6-7&( -0%-7-%&5( 58/( 26( '-%1 `^&'14$ FZZRMUTWa<.5 %$4 $' *$4.+ $* E*%'0*5 0 &'($)%120/$417.'(0*%$21$40240%.5':-<1.-1;*$1&46&'&64$'01$'$%$4-.%$'*$ &'($)%$>Q,%$*$*$10%$1$1%$*'050%$<=0$'&'6016$7&('061&'($)%$'1&'($)%120/< -$% 4;%$205$ -&547.'=.2%.5 6.*6'$401$'$%$ &'($)%1.+5&/$'< =/01 &'($)%1%&5 $61014$'$':&7=E*5054&7=&*1+'0/&4402/E'$21$>Q,%$*&*%$*10%$<%$*-.%$'*$< 72$610(2$< 1&-&'($)%1.'0$*4$'$%$.5 '0106./02205$ &'($)%$'< %$' &5$'$' 0 $* 1&--$*=E*5 :%$* $4 *9%/$*%05/01 1+$@070@$'$4 &'($)%1.-',%$<.5 :*%$' $* %$@$*4'&201$'$4-&547.'-`[$**$44"WWWMUW7>a>D$44$1&-40%05-$%<&4&'($)%$4 P
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`^&'14$FZZRM UW"a> S&*1$4 -:205$ *$5&40/$ 6.*1$6/$*1$' 7.' &'($)%120/16/&204$4 $' %$4 0-0%2$'40% 62&'4< &4 %$4,(*$ 6.*4.'-02)9 I -$% $* -$'$ +.143=0$'&'6016 2$%$21$17.'-I14&%05/0*%$'7'$->D$44$$61$-+2070@$'$45$**$-e='014&Y'$:- V-=9)114:%0:-&7./$'5&*5$*7'&2:66$%$402,(*$6.*4.'$'=.1A.--:*$'*$1 B&*%17.'$*0*5`V-=9)FZZUa> #+3,-./'(01.-04'(-)%*" D$4$'+,./$*14,$*%$(&55':*%</0(;55$'/.'$1+'.(2$-7.'-:2$'0*5>[,2$%$1 6&* %$ -.%$'*$.'5&*01&40.*$' +'.(2$-&401$'$1< =$':*%$' %$4,(*$ &'($)%1-02)9<.5%$6'&/1.-%$414022$'402%$*$*6$24$-$%&'($)%$'>#$%&*%'$.'%<=/026$*($4;%*0*5%011$*;$.'5&*01&40.*17.'-$'-$%,(*$6.*4.'$'=&'7.' 14'$11.56.*72064$'0&'($)%120/$4> ^/026$* ($4;%*0*5 =&' *;$.'5&*01&40.*17.'-$'< -$%,(*$ 6.*4.'$'.5 7.6:1 +, /0%$*%$20*5< 4'&*1+&'$*1.5 1&-&'($)%$<7.'14'$11.56.*72064$'0&'($)%120/$4f R
9 #+5 6&&7/%)%*".*"1.-8'9-)%*"91":-./'(01.-04'(-)%*"?*%2$%*0*51/01$'%$4/E'%&4:*%$'14'$5$<&4/0-$%+'.(2$-7.'-:2$'0*5$*1 :%7.'-*0*5 2E55$' 7.6:1 +, %$4,(*$ 6.*4.'-02)9< %& %$ 4'$ *952$.'% 0 +'.(2$-7.'-:2$'0*5$*`/0%$*%$20*5<4'&*1+&'$*1.51&-&'($)%$a<$'$11$*40$22$ 7.'%$4-.%$'*$&'($)%$<%$'$'+'E5$4&7%$*':-205$.5,(*$.'5&*01$'0*5>d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
10 #+; d0 =&' 0 &'($)%$4 -$% +'.)$64$4 /E'$4 ($/0%14$.- *9%/$*%05=$%$* &7 &4 7,.+$'&40.*&201$'$4 /.'$1 +'.(2$-7.'-:2$'0*5 5$**$- (':5$* &7 &'($)%11+9'51-,2I1,2$%$1&4%$'6.--$'$*5$**$-5,$*%$14;'0*50+'.)$64$4> " #$%&'()* +,)%-.,&(* &%//(+* 0(+* 1,/* 2-0(+.(* -+/,.%3,)% (+* 2(0* 4-'53*67*$%0(.0(&%./8*)+,.36,+(.3*-/*3,2,+1(90(8*-/*:$-+0,.*:;./(+* 0())(*3,22(.*2(0*.<(*-+/,.%3,)%-.33)+,)(/%(+=* * >" #$-+0,.* -6&($(3*,+1(90()* 4-+* 2(0,+1(90(+(.* %*.<(* -+/,.%3,)% (+* 2(0* 4-'53* 67* $%0(.0(&%./8* )+,.36,+(.3* -/* 3,2,+1(90(*%*4-+2*,4*(/.(*-/*,.0+(3*'+,$=* *?" #$,0* 1()<0(+* '+,$(.(* )%&* 2(0,+1(90(+(.* 4-+* 0(..(3* 4-+:-&08* 2(&&(2*,+1(903&%$*-/*:$(+0,/3&%$=** * #$%%$479'14$&'($)%11+9'51-,2195$'/0&4:*%$'195$5':*%2&5$47.'<=/.'7.' %$4$''$2$/&*4&41$+,*;$.'5&*01&40.*17.'-$'<1&-4=/.'7.'%$1;*$1&4/E'$ (2$/$4$*1,0*%5'.$4%$20%$4-.%$'*$&'($)%$>^$':*%$'('0*5$1($5'$($'*$ /0%$*%$20*5< 1&-&'($)%$< 72$610(0204$4.5 1$2/2$%$21$ 402 %016:110.*>? %$**$ 1&--$*=E*5 &*2E55$1 $4 =014.'016 &*&2;1$+$'1+$640/ -$% :%5&*51+:*64 0.'5&*01&40.*17.'-$'*$1:%/0620*5402%$4-.%$'*$<72$610(2$&'($)%$>D$44$59'$1 0 7.'195$4 +, &4 7.'62&'$ -.40/$'*$ 7.' %$* *;$.'5&*01$'0*5 &7 &'($)%$4< =$':*%$' %$4,(*$ 6.*4.'2&*%16&( I.5 %$'&7 7925$*%$ 6.*1$6/$*1$' 7.' -$%&'($)%$'$*> D011$ +.0*4$' 1&--$*=.2%$1 -$% 627&50/&0'4*-'>3($5'$($4 0 7.'=.2%402*;$.'5&*01&40.*17.'-$'.50%$$*.-%$*1$2/2$%$*%$-$%&'($)%$'>?%$4&*%$4&'($)%11+9'51-,29*16$'/0&4:*%$'195$<=/.'2$%$1&'($)%$40%$*;$.'5&*01&40.*17.'-$' -$%,(*$ 6.*4.'$' 14;'$1 &7 $5*$.5 &*%'$1 6'&/>?*%($7&44$40&*%'$16'&/2055$'6'&/7'&6.22$5$'.52$%$'$>? %$**$ 1&--$*=E*5 0*%%'&5$1 =$*=.2%1/01 &7 A.--:*$'*$1 B&*%17.'$*0*51 `ABa '& 2:66$%$ 402,(*$ 6.*4.'$' `V-=9) W
11 FZZUa< 1&-4 $5$* $-+0'0 0 7.'- &7 &7 -$%&'($)%$'$* 0 %$4,(*$ 6.*4.'-02)9 /$% C';57.*%$*> D$' $' 4&2$.- $* &*&2;1$< %$' 195$' &4 14:%$'$ 1+E*%0*517$24$4-$22$-1$2/'$&201$'0*5.514'$110&'($)%$4-$%:%5&*51+:*640 #0@=$28.:@&:2414&*6$'.-+'.)$64% /$4.51$2/2$%$21$> D$4 4'$%)$.5 10%14$ &'($)%11+9'51-,2 4&5$' &71E4 0 [$**$441 4$1$.- %$4 72$610(2$ &'($)%$1 6.*1$6/$*1$' 7.' 0*%0/0%$4 0 7.'=.2% '$11< =/026$4 1&--$*=.2%$1 -$% V*%$'1 8.5= i$*1$*1 :%2E5*0*5 &7 +'.)$64% /$4> ^$'-$%195$'/0&4:*%$'195$7.'=.2%$4-$22$-1;*205=$%$*.5%$*-&*52$*%$ +'0/&4=$%0%$4,(*$&'($)%1-02)907.'=.2%402*$%(';%$21$*&75'E*1$*-$22$- &'($)%13.5+'0/&417E'$.514'$11>Y$1/&'$21$*&71+9'51-,2$42&%$'105(&1$'$+, $61014$'$*%$$-+0'007.'-&7$*:*%$'195$21$7.'?*5$*09'$'*$0D&*-&'6`?DVa.- 7.'=.2%$4 -$22$- &'($)%120/< =/$'%&5120/.5 14'$11 (2&*%4 0*5$*09'$' `QB[ c&-(922#&*&5$-$*4fzzfa<:*%$'195$21$*&7a.--:*$'*$1b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`Q&2:%&*3#:22$'FZZUM"UWa>j*%$70*040.* 0 &'($)%11&--$*=E*5 $' &4 7.'14, 14'$ $* 'E66$ '$&640.*$' +,@( 1""( 0?5( 8%)25%5-06&5(27&5,'-6&5(5&,,2853&50&(26(&0&56-&0('-*(4'(8%);5&(45.&<%&'1`0(0%>a> D$ 72$14$ =&' 1,2$%$1 $* 0%k.- =/&% 14'$11 $' I 0-0%2$'40% $' %$' 0*%$*7.' 14'$117.'16*0*5$* ('$% :$*05=$%.-< =/026$4 5$14&*%17$24< %$' $' /E'% &4 7.6:1$'$ +,<.5 =/.'2$%$1 %$44$ -$4.%016 16&2 5'0($1 &*> D$' $' *$ ' 7.'16$2+,&47.'16$014'$117.'&47.'$(;55$$22$'($=&*%2$/0'6*0*5$'*$:%7'& "Z
12 0*%7&2%1/0*6$2 `Q&2:%&*3#:22$' FZZUM "XZa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`Q&2:%&*3#:22$'FZZUM"XOa> #+A+5 C7%')*E(&DF-9%>:9-(%>""?+'.)$64$4/02($5'$($'*$1;*205=$%.54'&*1+&'$*1(20/$&*/$*%4+,4.+2&*$'> Q, %$* $*$ 10%$ (20/$' 4'&*1+&'$*1($5'$($4 (':54 0 $4.'5&*01&40.*14$.'$4016 +$'1+$640/<07.'=.2%402%$*-.%$'*$.'5&*01&40.*15$**$ =$%+,-$1.3 *0/$&:>?-0%2$'40% 705:'$'$' ($5'$($4 205$2$%$1 0 $4 -$'$ -06'.1.@ $'1+$640/ 0 7.'=.2% 402 %$ %$' &*/$*%$1 0 +'.)$64'&++.'4$*<=/.'%$'*$4.+$'4&2$.-$*7;10161;*205=$%.54'&*1+&'$*1 -$%&'($)%$'*$0-$22$-I0*%($7&44$40%$4,(*$6.*4.'> ""
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`[$**$44 "WWWh ^&'14$ FZZRh V*%$'1$* FZZUa< 205$1.-,(*$ 6.*4.'2&*%16&($' +, 0*5$* -,%$$'$*1E'$5$*%&*16.'5&*01$'0*517.'->^$' $'$*&75'E*1*0*50 7.'=.2%402&47.6:1$'$+,7-%&0,45.&<%,=*4%,&5@(=/.'$61$-+$2/01@&223@$*4'$-$%,(*$ 6.*4.'$' :%$2&%$1 1.- :*%$'195$21$11:()$64> D$**$ &75'E*1*0*5 $' 7.'$4&5$4< 5':*%$4 '&++.'4$*1 7.6:1 +,.'5&*01&40.*$'< =/.' /0%$*%$20*5.5 1&-&'($)%$=&'$*@$*4'&27:*640.*> "F
14 D$' $' &241, 4&2$.- $* ':-205 &75'E*1*0*5 0 7.'=.2% 402 %$4,(*$ 6.*4.'-02)9> D$44$($4;%$'0-0%2$'40%066$<&42:66$%$6.*4.'$'066$=&''$2$/&*17.'$-*$4I -$*$*%;(%$5,$*%$6.-+&'&40/&*&2;1$&77.'=.2%$4-$22$-2:66$%$.5,(*$ 6.*4.'$'<1.- :%&'($)%$4&7V-=9)<$'066$-,2$4-$%+'.)$64$4`V-=9)FZZUa>D$41;*$1%.5 066$7;2%$1459'$*%$<7:2%6.--$*&4:%$2:66$($4'&54*0*5$'&77.'=.2%$4-$22$-,(*$.52:66$%$6.*4.'$'<-$*+'.)$64$4/02=$'4'E66$+,(2&*%4&*%$4V-=9)1.(1$'/&40.*$'7'&AB^:1$4> [.- *E/*4 40%205$'$ $' +'.)$64$41 7.6:1 %$* ':-205$.'5&*01$'0*51 6.*1$6/$*1$'7.'14'$110&'($)%120/$4>?-0%2$'40%&75'E*1$'/0.17'&%0'$64$&4 -,2$ +, %$ 7;1016$ 7.'=.2%1 ($4;%*0*5< 0>$> 2;1< 0*%$620-&.5 %$2/014.51, 149)*0/$&:> 82$'$ %&*16$ :*%$'195$21$' `YVc 8NAV FZZTM X< "O< "Xa /01$'< &4 %011$ +&'&-$4'$.51, =&' *E/*$/E'%05 ($4;%*0*5 7.' +'.%:640/04$4< &'($)%120/152E%$.5 14'$11 +, &'($)%1+2&%1$*> ]61$-+$2/01 /01$' $* :*%$'195$21$ :%&'($)%$4 &7 [4&4$*1 Y;55$7.'16*0*510*1404:4 (2&*%4 FZZZ 69($*=&/*16$6.*4.'&*1&44$<&4-$%&'($)%$'$+2&@$'$42&*547'&/0*%:$1'E66$* 0,(*$ 6.*4.'$' $' -$'$ :4027'$%1$ -$% 149)*0/$&:< 4$-+$'&4:'.5 2:746/&204$4 $*% 6.22$5$'+2&@$'$44E4+, /0*%:$' ;1 `YVc 8NAV FZZTa> D$4 $' &241, 62&'4< &4 %011$ 7.'=.2%.51, $' &7 /05405 ($4;%*0*5< -$* 40216'0/$1-0*%'$.+-E'61.-=$%0%$44$+'.)$64<0%$47.6:10=9)$'$5'&%$'+,1.@0&2$'$2&40.*$'0 %$*':-205$1&--$*=E*5> D$4$'%.5/E'%&4($-E'6$<&4149)*0/$&:$4+,&'($)%1+2&%1$*7.'$6.--$'&4 =&/$$*149''$4026*;4*0*5402%$44$+'.)$64$*%9/'05$7;1016$7&64.'$'1,1.-2;1.5 0*%$620-&> [+9'51-,2$4.-< =/&% %$' $' %$4 '$44$ 149)*0/$&: +, $* &'($)%1+2&%1$'*$4.+$41+9'51-,2.-&'($)%16:24:'.5.+7&44$21$&7<=/&%%$' (2&*%4-$%&'($)%$'$($4'&54$11.-g%$4'05405$&'($)%$g$'(`YVc8NAVFZZTa> [,2$%$1 6&* :4027'$%1=$%.-6'0*5 :=$*10541-E )*0/$&: 7.'14,1 1.- :%4';6 7.' 6:24:'-&546&-+$ +, &'($)%1+2&%1$*>? 7.'=.2% 402 %016:110.*$*.-6'0*5 &'($)%16:24:'.5 /0%$*%$20*5 +, &'($)%1+2&%1$* /02./$'/$)$21$'.-6'0*5149)*0/$&:=$'-$%066$6:**$:%$2&%$1> D$4 6:**$ /E'$.+2&54 &4 0*62:%$'$ $4 96.*.-016 &1+$64 0 :*%$'195$21$*> ]4 "O
15 1,%&*4 7.6:1 /022$ %.5 =./$%1&5$2054 /E'$ 7'&.'5&*01&40.*$*1.5 2$%$21$*1 +$'1+$640/<=/026$4066$=&'/E'$4'&++.'4$*11054$> D$'4$5*$'1051,2$%$1$4+'.)$64<%$'195$'&4:*%$'195$1+E*%0*517$24$4-$22$- -:205=$%$'*$ 7.' 1$2/'$&201$'0*5 0.'5&*01&40.*$' -$%,(*$ 6.*4.'-02)9$'< =$':*%$'.+2$/$21$* &7 $5*$.5 &*%'$1 6'&/ 402 &'($)%$4<.5 6.*1$6/$*1$' 7.'.+2$/$21$&714'$110&'($)%$t. "U
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
17 Q'.)$64$4 =&' 066$ 7.6:1 +, %$* %$2 &7.'5&*01&40.*14$.'0$*< D$44$16;2%$1&4%$2:66$%$1;14$-$'0104:%5&*51+:*64$'6$*%$4$5*$4&7$*=9) 5'&% &7 7.':%105$ *4'.22$'(&'=$%< =/026$4 066$ 5E2%$' 7.' -&*5$ *;$.'5&*01&40.*17.'-$'<=$':*%$'%$4,(*$&'($)%1-02)9`Y&66&->72>FZ"ZMFTa>D$4,(*$1;14$-$'6&'&64$'01$'$4&7$*&7=E*505=$%402.'5&*01&40.*$*1.-/$'%$*> D$4 /:'%$'$1 1,2$%$1< &4 /0%$*1&'($)%1+2&%1$' 0 :%('$%4 5'&% $' ($'9'4$ &7 %$ 6'&/<%$'(20/$'14022$47'&-&'6$%$4<.5-,402+&11$10510*.-/$'%$*<=/026$4=&' ($4;%*0*5 7.'.'5&*01&40.*$*1 :%/0620*5 `Y&66& ->72> FZ"ZM FWa> N'%$4.'5&*01&40.* /02 0 %$44$ +'.)$64 %E66$./$' 1,/$2.77$*4205$ 1.- +'0/&4$ /0'61.-=$%$'<%&%$4$'+'&64016&4=&/$$*7E22$1($4$5*$21$7.'%011$> 3+#+3 B-4*(%"91"G.4M94'2")":-.=(82(2" Q'.)$64$41&*/$*%$21$&78.:@&:24/024&5$:%5&*51+:*640=$*=.2%1/01#04@=$22 D$&*1.5i$*1$*1:%2E5*0*5$'&7%$2$&7=&*14$.'0$'>D$&*(':5$11,2$%$11.- 1$6:*%E' 0*%79'0* &50/&0'4*-'>(.5 14;'0*5 1.- g320%83'( 2)( 320%83'1< -$*1+'.)$64$41&'($)%$-$%% /$'<=$':*%$'1E'2054+'.)$64% /$4< (;55$'+,i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de'649)$'*$ 402 %$**$ 2$%$21$ &7 1$2/2$%$21$ 70*%$' /0 0 1$2/4$6*.2.50$'*$< =/.' %$*&'604$64.*016$0*%'$4*0*5.54'&*1+&'$*10%$4-.%$'*$<,(*$&'($)%1-02)9 (2.4$'k*:%&7-&*5$> Q'.)$64% /$4 16&2 1$1 0 7.'2E*5$21$ &7 %$* =014.'016$ :%/0620*5 0 "P
18 14;'0*51-$*4&204$4$'*$< 0%$4 %$4 (2.4 $' $4 &7 72$'$ % /$' $22$' 14;'0*511;14$-$'< %$' $' $22$' =&' /E'$4 %.-0*$'$*%$ 0*%$* 7.' -.%$'*$ 14;'0*5> [,2$%$1 6&* /0 &*/$*%$ 4$.'0.5 +'.)$64% /$4 0 7.'(0*%$21$-$%1&-7:*%$41.5.'5&*01&40.*$'*$1:%/0620*5> Q'.)$64% /$4 ($16'0/$'< =/.'%&* 402/E'$21$* 0 %$4 -.%$'*$< 72$610(2$ &'($)%120/ (20/$' +'.)$64.'0$*4$'$4> D$44$ /02 0 '&++.'4$* (20/$ &*/$*%4 402 &4 :*%$'195$.5 ($16'0/$< =/.'%&* %$4 -.%$'*$ &'($)%120/ $'.'5&*01$'$4.5 7:*5$'$'.5=/.'%&*:%/0620*5$*0%$44$+,/0'6$'-$%&'($)%$'$*> D$4 $' 0 7.'2E*5$21$ &7 +'.)$64% /$4.5 5./$'*-$*4&204; $11$*40$24 &4 1:++2$'$ -$% &*%'$ 4$.'0$'< 7.' 1$2/.- %011$.51, ($16E7405$' 105 -$% 6.*1$6/$*1$'*$ &7 %$ 7.'16$2205$ 14;'$1;14$-$'1 7.'16$2205$ +'.(2$ *0*51-.%$22$'< 5,' %$ 066$ 0 %;(%$* -$% &4 :*%$'195$ 6.*1$6/$*1$'*$ 7.' 0*%0/0%$4> "#"$ B-4*(%"91"C(%%(22".*"2(>(%".0"%&'()*&+,-.*&(/&00&,+&( [$**$4414$.'00*%%'&5$10+'.)$64$4<%&=&*16'04016$1;*+,%$472$610(2$&'($)%$< $' '$2$/&*4 7.' +'.)$64$41 +'.(2$ *5>? 10* (.5 A&'( )*&+,-.*&( /&00&,+& `[$**$44M"WWWa7'$-14022$'[$**$441041;*+,1&-7:*%$41:%/0620*55$**$-%$ 10%14$XZ,'<.5=/026$: $%$6.*1$6/$*1$':%/0620*5$*=&'7.'%$4$*6$24$ 0*%0/0%0%&5`[$**$44"WWWMWa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i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i$*1$*066$*9%/$*%05/01 7.'4.26$' 8.:@&:24 +, 1&--$ -,%$> D$44$ $' /0 % $4 :%./$' /$% &4 &*/$*%$ D$&*1 :%2E5*0*5 &7 5./$'*-$*4&204;.5 i$*1$*1 :%2E5*0*5.5 /0%$'$:%/0620*5&78.:@&:241% /$'> [.- *E/*4 &*/$*%$1 8.:@&:241 ($5'$($'.- 5./$'*-$*4&204;.5 0 +'.)$64$ :*%&-$*4 7.' 7.'14,$21$* &7 2$%$21$1:%/0620*5$*.5 2$%$21$* 0 %&5> B05$2$%$1 %&**$' 8.:@&:241 &'($)%$ -$% % /$'*$1 "T
20 :%/0620*55':*%2&5$47.' %$4i$*1$* ($16'0/$' 1.- +'.)$64% /$4> D$**$ 14;'0*51-$*4&204$4 ($4'&54$1 1.- $* 7.'2E*5$21$ $22$' :%-9*4*0*5 &7 5./$'*-$*4&204;<.5 6&* &*/$*%$1 402 &4 7.'62&'$ 7.'=.2%$*$ 0 %$4 -.%$'*$ &'($)%120/>^/&%8.:@&:24066$6&*(':5$1402<$'&47.'62&'$6.*1$6/$*1$'*$&7 :%/0620*5$*> [,2$%$1 6&* 5./$'*-$*4&204;3($5'$($4 066$ =)E2+$ &4 7.'14, =/&%6.*1$6/$*1$*&795$41$2/2$%$21$.514;'0*51.-g@.*%:@4.7@.*%:@4g=&'0 4$.'0$*<205$1.-+'.)$64% /$4066$($16E7405$'105-$%6.*1$6/$*1$'*$&7 %$4 -.%$'*$ &'($)%120/1 6'&/ 402 -$%&'($)%$'$*> d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`e='014$*1$*"WWUa>?-0%2$'40%6&*%$**$=.'01.*4E*%'$1.5:%/0%$1$22$'g'540,3&0%&5&,((6&00&/(,=526*-6(%-4*26@(,2/(-6&0(7-*(+800&();5&( '-*( &0(,4//&0,/&*'0-06( 4)( %-,,&( )25,'?&*,&,:25-,20'&51 `e='014$*1$* "WWUa> Q'.)$64$4 /02 0 $4 =$'-$*$:4016 +$'1+$640/< 4&5$ :%5&*51+:*64 0 $5$* 7.'7.'14,$21$.5 7.'%.--$ `N21$* FZ""M PZa>?*%$*7.' /011$.-',%$' 0 =$'-$*$:4066$*< 1$' -&* %$1:%$* 7.'%.--$ 1.- $* 7.':%1E4*0*5 7.' 7.'14,$21$< %& 0*%0/0%$4 6.*1404:$'$' 10* 1+9'5$=.'01.*4 :% 7'& 10*$ '$1+$640/$ 7.'%.--$`N21$*FZ""MPZa>Q'.)$64$4<.5%$6.*62:10.*$'/0&712:4*0*51/01/02 %'&5$< /02 05$* :%7.'%'$ /.'$1 7.'14,$21$ &7 40*5$*$ &*%< :%/0%$ /.'$1 7.'14,$21$1=.'01.*4.5%$'-$%&*2E55$*;$+$'1+$640/$'+,+'.(2$ *5$*>? %$**$ 1&--$*=E*5 1;*$1 %$* 6/&204&40/$ -$4.%$< -$% 7.6:1 +, 1+'.5$4.5 %0&2.5$* &4 6:**$ /E'$ -$% 402 &4 16&($ $* 7.'14,$21$1'&--$ 7.' /0%$'$ :*%$'195$21$.5 7.'4.26*0*5 &7 +'.(2$ *5$*>? %$* 7.'(0*%$21$ 6&* "W
21 0*4$'/0$G$4 7:*5$'$ 1.- $4 '$%16&( 402 %$**$ g1&--$*1-$24*0*5 &7 7.'14,$21$1=.'01.*4$'g`e='014$*1$*"WWUa<.5/02;%$'-$'$6:**$(0%'&5$-$% *;$ +$'1+$640/$' +, +'.(2$ *5$*> [.- 7.'16*0*5114'&4$50 7.6:1$'$' %$* 6/&204&40/$ 7.'16*0*5 *$4.+ =./$%1&5$2054 +, 25%&'( 7'$- 7.' 0 0*%1&-20*5$*.5&*&2;1$*&7%&4&`Y';-&*FZZTa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`V-=9)FZZUa<.5%$ =$'&7.+2$/$%$ 6.*1$6/$*1$' +, -$%&'($)%$'*0/$&:< 1&-4?DVL1 :*%$'195$21$ 1E06&0-;5&5( /&**&/( 45.&<%,*-7@( )4/-*-&*-7( 26(,'5&,,1 `QB[ c&-(922 #&*&5$-$*4< FZZFa>[0%14*E/*4$:*%$'195$21$=&'0-0*%'$5'&%%0'$64$4026*;4*0*5402/.'$1 5$*14&*%17$24< 0%$4 %$' 0 :*%$'195$21$* 066$ 16$' $* $-+0'016 %077$'$*40$'0*5 -$22$- -$%&'($)%$'$ 7'&,(*$.5 2:66$%$ 6.*4.'$'> c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`Y';-&* FZZTM UR" 77>a< =/.' / *4$'/0$G$'$ 0 FZ
22 :%5&*51+:*64$4 =&' $* /01 4$.'$ '&64016 /0%$*.- %$ 7E*.-$*$' %$' :*%$'195$13%$4,(*$6.*4.'-02)9.514'$113-$*1&-40%05$'/0,(*$./$'7.' *;$1;*1/0*62$'.50*7.'-&40.*$'<1.-0*7.'-&*4$*6&*(0%'&5$-$%`V*%$'1$* FZZTa> [,2$%$1 &7 C';57.*%$* +'E5 &7 &4 /E'$ $4 )902/&04),*;5&0%&( `V*%$'1$* FZZTa< 0%$4 /0 0 +'.)$64$4 195$' &4 :*%$'195$ $4 0>'( 7.'=.2% 0 &'($)%120/$4 0 7.'(0*%$21$ -$% %$,(*$ 6.*4.'$'.5 %$* ':-205$.'5&*01$'0*517.'-1 ($4;%*0*5 7.' 6.*72064$' 0 &'($)%120/$4> B-4*(%"91"M9>(>24&)(-")".:*9K(%" d.'$1+'.(2$-7.'-:2$'0*5$'&7:*%$'195$*%$6&'&64$'-$%=./$%/e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`82;/()$'5<FZZPMFFUa> 82;/()$'5 -$*$' =$'-$%< 6&* 105$ -$'$.- /0'6$205=$%$* $*% :*0/$'1$22$ 4$.'0$'< 0%$4 %$ =&' $* %0'$64$ 4026*;4*0*5 402 /0'6$205=$%$*.5 $' 7.'&*6'$4 0 $4 6.*6'$4 5$*14&*%17$24.5 +'.(2$ *5>?-0%2$'40% 1;*$1 066$ &4 6:**$ 14, &2$*$< 0%$4 %$4 6:* :%59' $4 '$2&40/4 ($5'E*1$4 :%1*04 &7 /0'6$205=$%$* +, %$* &'($)%1+2&%1< /0 :*%$'195$'< =/.'7.' /0 =$' /02 195$< &4 7.'62&'$ %$ 7E*.-$*$' /0.(1$'/$'$' 5$**$- $* 4$.'$ '14,$21$1'&--$< 7:*%$'$4 +, =./$%1&5$2054 i$*1$*1 :%2E5*0*5 &7 8.:@&:241 +'.)$64% /.5=&*1(':5&71$2/4$6*.2.50$'> F"
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`82;/()$'5 FZZPM FO"a> D$* %$70*$'$1 &7 82;/()$' ,&,( ':4'( :-6:*-6:'( /25&( 6&0&54*( 3:4543'&5-,'-3,( 2)( ':&(,23-&'-&,( -0( L8&,'-201( `0(0%>a> D$* 16&2 7.'14,1 1.- $4 $61$-+$2 +, $22$' -$4&7.' 7.' %$ 1.@0&2$ +'&61011$'< 1.- +'.)$64$41 +'.(2$ *5 ($'9'$'< 0%$4 +&'&-$4'$ 1.- /0%$*%$20*5< 4'&*1+&'$*1.5 1&-&'($)%$*$4.+1;*$1&4/E'$$*0(.$*%$%$2&7($55$&'($)%1+2&%1$'`0(0%>a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`V-=9) FZZUa.5 O 0*4$'/0$G+$'1.*$' `C';57.*%$* FZ"Fa> Q, %$* (&55':*% /02 %$4 1,2$%$1 066$ /E'$ -:2054 &4 %'&5$ *.52$ 14& $ 5$*$'&201$'0*5$'.-6'0*5 7.'=.2%$4 -$22$- *;$.'5&*01&40.*17.'-$'.5 14'$11>?-0%2$'40% /02 %$ 6:**$ 12:44$ *.52$ 6.*62:10.*$' &7 &*&2;4016 5$*$'$&201$'(&'=$%< %$' 066$ / )$-$% 195$' &4 *, $*.()$640/ 1&*%=$%.-6'0*5 %$ :*%$'1954$ 7.'=.2%< -$* 1.- 1&--$*6.(2$4 -$% +'.)$64$41 4$.'$4016$ 5':*%2&5 /02 6:**$ 1&*%1;*20559'$ *.52$ 4$*%$*1$' 0 %$4 -.%$'*$ &'($)%120/> _;2%05=$%$*.5 /&20%04$4$* &7 /.'$1 6.*62:10.*$' 195$1 FF
24 6:**$ 50/$ *.52$ 6&:1&2$ 7.'62&'0*5$' +, 7.'=.2%$4 -$22$- 6.*72064$' 0 &'($)%120/$4.5*;$.'5&*01&40.*17.'-$'-$%7.6:1+,/0%$*%$20*5<1&-&'($)%$.54'&*1+&'$*1`l0*FZZWM"ZFa> 3+3+; $%2-.&482).%"2)'"M9>(>24&)("91"0(&9-/(=&(-(%")"NQ"P4>(2" V-=9)1 :*%$'195$21$ &7 &'($)%120/$4 0 AB ^:1$4< 1M&%45.&<%&5&0( -( %&0( '540,=45&0'&( ,4'-201 %&**$' %$4 $-+0'016$ 5':*%2&5 7.' %$4 :*%$' &*%$4 &'($)%11+9'51-,2 `V-=9) FZZUa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`V-=9) FZZUM FPWa>?*4$'/0$G$*$ $' 7.'$4&5$4 $4 =&2/4,' $74$'.-2E5*0*5$*< %& -$%&'($)%$'*$+,%$440%1+:*64$'-$5$4.+-E'61.--$+,7.'16$22$*-$22$- %$45&-2$.5%$4*;$6.*4.'.514&%0559'105./$'/$)$21$'.-6'0*5<=/.'%&*%$ 7;1016$'&--$'+,/0'6$'%$-.52E55$'.+402&4=&*%2$<4E*6$.5&'($)%$+,*;$ -,%$'`V-=9)FZZUMFROa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e&1$* $' /&254< FO
25 0%$4 C';57.*%$* *$4.+ $' $* $'62E'$4 /0%$*1&'($)%1+2&%1< =/.' +'.)$64&'($)%$ 1;*$1&4/E'$$*7&1449-'$4%$2&7.'5&*01&40.*$*.5=/.'7.'16*0*5<$/&2:$'0* :*06&40.*$'$*%$2&7/E'%0+'.5'&--$4>D$4$'+,%$**$(&55':*%<&4 -&* 205$1.- %$4 $' 4027E2%$4 -$% AB ^:1$4< 6&* ($4'&54$ :*%$'195$21$* &7 &'($)%120/$4 0 C';57.*%$* 1.- $* =/.' /0%$*%$20*5.5 72$610(0204$4$'0(.$*%$$2$-$*4$'> 3+3+H $%2-.&482).%"2)'"$R<S4%&(->?*('>(" S*%$'195$21$*g?*5$*09'$'-$22$-&'($)%120/<7&-020$20/.514'$11g$'7.'$4&5$4&7 QB[ c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d0 70*%$' %$'7.' :*%$'195$21$* &*/$*%$205.5 '$2$/&*4 402 &4 1602%'$ *.52$ 5$*$'$22$ 4$*%$*1$'.- (&2&*@$* -$22$- &'($)%120/.5 =/$'%&5120/> S*%$'195$21$* $' 7'$-14022$4 +, (&55':*% &7 4'$7.'16$2205$%&4&602%$'h6/&204&40/$&'($)%1+2&%1&*&2;1$'<%$'$'5$**$-79'4+, "F7.'16$2205$0*5$*09'&'($)%1+2&%1$'<$*1+9'5$16$-&:*%$'195$21$<=/.'"OWP 0*5$*09'0*7.'-&*4$'0*%5,'<1&-4W6/&204&40/$7&-020$0*4$'/0$G1-$%0*5$*09'$'.5 %$'$1 E54$7E22$' `QB[ c&-(922 #&*&5$-$*4 FZZFM FR 7>a> D$4 16&2 &712:4*0*51/01 :*%$'14'$5$1 &4?DV3:*%$'195$21$* 066$.-=&*%2$',(*$ 6.*4.'$'< -$* &4 /0 &2205$/$2 70*%$' %$* &*/$*%$205< %& -&*5$ &7 %$ 1&--$ 14'$117&64.'$'< 1.- +&'&-$4'$*$ 0?DV3:*%$'195$21$* $'.+(;55$4.-< 6&* 5$*70*%$10%$*4'&*1+&'$*4$.'5&*01&40.*17.'->[,2$%$16&*%$14'$117&64.'$'< %$'%'&5$17'$-0&*&2;1$*.51,1$10%$4,(*$6.*4.'-02)9`YVc8NAVFZZTa> FU
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`Y&66&->72>FZ"ZMFU77>a> 8'&5&--$296.*.-0164$.'0(2$/$)$'$*'$5*$47.'&4/E'$1:/$'E*.5(':54$.'5&*01&40.*$* 1.- $4 +$'1.*2054 -& *%4)$*0*51-0%%$2> [,%&* 7:*5$'$' %$4066$0%$4-.%$'*$&'($)%120/<=/026$46&*1$1:%7'&0*4$'$11$*4-.%$22$* " < %$'&71+$)2$'7.'16$2205$0*4$'$11$*4$'<%$'6&*7.'195$&4+,/0'6$.'5&*01&40.*$* 0 %$* '$4*0*5 %$4 7.' %$* $*6$24$ 0*4$'$11$*4 $' =$*10541-E11054 `Y&66& ->72> FZ"ZMFU77>a> D$.'5&*01&40.*$'< %$' =&',(*$ 6.*4.'2&*%16&($'< 6&*./$'.'%*$4 &*4&5$1 &4 /E'$ &7=E*505$ &7 %$'$1.-/$'%$*< =/.'7.' %$4 $',(*$ 1;14$-$' :% 7'& $4.'5&*01&40.*1-E11054+$'1+$640/<%$'/02(20/$4&5$4:%5&*51+:*640>?.'5&*01&40.*14$.'0$* &'($)%$1 %$' :% 7'& 7$- 7.'16$2205$ &*&2;1$*0/$&:$'M?*%0/0%$4< 5':++$*<.'5&*01&40.*$*< 1&-7:*%$4< 1&-4 %$4 52.(&2$ *0/$&: `0(0%>a> b,' -$**$16$'1.5.'5&*01&40.*$'1 =&*%20*5$'.5 &5$'$* 16&2 &*&2;1$'$1.5 7.'62&'$1(20/$'%011$&*&2;1$*0/$&:$'%.5.74$(2&*%$4<1,%$'.+14,'$41& $22$- %011$>? %$4 7925$*%$ /02 %$' (20/$ '$%$5).'4 7.' %$ 7.'16$2205$ &*&2;1$*0/$&:$'> M&%45.&<%&5&0+,0*%0/0%+2&*7E14*$'105/$%+$'1.*205$$5$*16&($'>D$'1&-2$1 5.%$.5%,'205$$'7&'0*5$'&76.*6'$4$+$'1.*$'<(,%$$5*$.+2$/$%$$'7&'0*5$'< 1,/$2 1.- $'7&'0*5$' =9'4 7'& &*%'$> D011$.+2$/$21$' =&' 14.' 0*%72;%$21$ +,< =/.'%&* -&* 1.- -$%&'($)%$' =&*%2$'.5 %$**$ /0%$*.- +$'1.*$' =&' 14.' 1 [$(02&5" FX
27 0*%72;%$21$ 0 =/$'%&5$* `Y&66& ->72> FZ"ZM FXa> D$4 16&2 %$' $1 &4 %$**$ /0%$*.51,6&*(0%'&5$*$5&40/4402&4%&**$-:'$-$22$-7.'16$2205$5':++$'.5 &7%$20*5$'>?*%$*7.'.'5&*01&40.*1+1;6.2.50$*$'%$'7.'16$40%$-$**$16$205$ '$11.:'@$'<%$'70*%$10.'5&*01&40.*$'`^:-&*c$11.:'@$#&*$5$-$*4a>D$44$.-=&*%2$'=/026$7.':%1E4*0*5$'<%$'16&24027.'1&-&'($)%$<-$*/05405$%$2$ &7 7&5$4 ($'9'$'.51, $-*$' 1.-M -.40/&40.*< 2$%$21$1+'.@$11$'< 14'$11.5 '$6':44$'0*5<%$'$'&7$11$*40$2($4;%*0*57.'%$44$+'.)$64`Y&66&->72>FZ"Za>?*%$*7.'.'5&*01&40.*14$.'0=&'658==&0.55':++$+'.@$11$'/E'$4$*/05405%$2 &7 7.'16*0*5$* 0 %$4 FZ>,'=:*%'$%$> ]* 5':++$ 6&* %$70*$'$1 1.- /E'$*%$M g,4/,=-*(26(+20)*-+'(/&**&/()*&5&(=&5,20&5(%&5(%400&5(5&*4'-7'()4,'&()25.-0%&*,&5('-*( :-040%&0( -( 45.&<%,=523&,,&50&1( `Y&66& ->72> FZ"ZM FXa> _':++$' $' 1,2$%$1 /05405$<%&%$&5$'$'(0*%$2$%-$22$-0*%0/0%.5.'5&*01&40.*`Y&66&->72>FZ"ZM FXa> D$44$ +'.)$64 /02 6.*@$*4'$'$ )25/&**&( 658==&5< 1$2/.-,(*$ 6.*4.'-02)9$'1 -,21E4*0*5$' 066$ &240% $' 7&141&44$> D$ $' %&**$4 -$% :%5&*51+:*640*.52$1+$@070@$'$%$/E'%0$'.5$'2$%$21$16.*14':$'$%$<=/.'7.' %$6&*&*1$11.-/E'$*%$7.'-$22$`Y&66&->72>FZ"ZM""Za>?*%$*7.'5':++$*.+14,' %$' *.52$ :7.'-$22$ '$52$'.5 *.'-$'< %$' 066$ *9%/$*%05/01 $' *$%16'$/$4< -$* 0 =9) 5'&% =&' 0*%72;%$21$ +, &'($)%15&*5$*.5 &'($)%1-.40/&40.*$*`0(0%>a>?$*=/$'5':++$70*%$1%011$:7.'-$22$*.'-$'.5%$45E2%$'1.-*;05':++$*.-&42E'$6:24:'$*05':++$*&46$*%$<.50*%'$44$105<1,-&*066$./$'4'E%$' %011$*.'-$'>A:24:'$*$'7.'16$22057'&5':++$4025':++$.57'&.'5&*01&40.*402.'5&*01&40.*.5 %$4 6&* %$'7.' /E'$ 1/E'4 &4 5$**$-16:$< =/.'%&* -&* 16&2 7.'=.2%$ '16$2205$ 104:&40.*$'> N74$14 2E'$'-&* 79'14:7.'-$22$'$52$'&4 6$*%$<*,'-&*./$'4'E%$'%$-<%&%$'=$'/0216&($1$*'$&640.*7'&$*$22$' 72$'$05':++$*`Y&66&->72>FZ"ZM""Fa> D$./$**E/*4$'$&640.*$'6&*/E'$&7(,%$+.1040/.5*$5&40/&'4&24$74$'<=/&% 7.'-,2$4-$%'$&640.*$*$'>D$*+.1040/$'$&640.*/02.+14,<-$%%$47.'-,2&4 7.'14E'6$ $* 50/$* =&*%20*5 $22$' &%7E'%< -$*1 %$* *$5&40/$ =&' '-,2 &4 59'$ %$4 *;$ -$%2$-.+-E'61.- +, %$*./$'4',%4$ =&*%20*5< 1, %$* 066$ 7.'$6.--$'07'$-40%$*`Y&66&->72>FZ"ZM""P7>a> FP
28 D$4 $' 0 7.'(0*%$21$ -$% %$* /&254$ +'.(2$ *5 '$2$/&*4 &4 1$ +, 1$2/14;'$*%$ &'($)%15':++$'.5 =/026$4 7.'-,2 %011$ =&'> ]* 1$2/14;'$*%$ &'($)%15':++$6&*%$70*$'$11.-$4&*4&2-$%&'($)%$'$<%$'0*%5,'0$*5':++$< 1.-=&'($-;*%05$21$402&44'E77$($12:4*0*5$'/$%'9'$*%$402'$44$2E55$21$.5 :%79'$21$&7%$'$1&'($)%$`Y&66&->72>FZ"ZM"FZa> (0%'& '$140220*5$*.-6'0*5 1$2/14;'$*%$ &'($)%15':++$' $' 7.'-:2$'0*5$*&7%$4,23-2K'&+0-,+&(,>,'&/=&5,=&+'-7<%$'($14,'&74.7.'16$2205$ 1;14$-$' `Y&66& ->72> FZ"ZM "F" 7a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`Y&66& ->72> FZ"ZM "F"a> b.5$4 &7 %$4 *;$ /$% %011$ 1$2/14;'$%$ &'($)%15':++$' $' %$* ('$%$.+5&/$/&'$4&5$21$< %$' *:.51, 0*%($7&44$' 7:*640.*$'1.-6/&204$416.*4'.2.5+2&*2E5*0*5<%$'79'=&/%$=9'4402+,=9)$'$ 2$%$21$1-E11054*0/$&:`Y&66&->72>FZ"ZM"F"a> C&*6$'*$.-6'0*5 1$2/14;'$*%$ 5':++$' $' 0 %$* 1$*$'$ :%/0620*5 +, &'($)%1-&'6$%$4 (2$/$4 ($*;44$4 402.'5&*01$'0*5$* &7 4$& '/&24*0*5.5 $'=/$'/120/`Y&66&->72>FZ"ZM"FOa> 8.'16$2205$14:%0$'&7%011$1$2/14;'$*%$&'($)%15':++$'/014$&4%$7.'($%'$%$ +'.%:640/04$4$*.5 &7 9/'05$ 7.'%$2$< %$' =&' '$2$/&*1 7.' %$44$ +'.)$64 $' $4 %&2$*%$ 7'&/E'< -0*%'$ ($=./ 7.'./$'/,5*0*5.5 2$%$21$< 1& /$ =.2%*0*5$'./$'7.'/0'61.-=$%$*`Y&66&->72>FZ"ZM"FOa>Q,*$5&40/10%$*6&* *E/*$1<&4%$'6&*.+14,5':++$*.'-$'<%$'6&*($1/E'20559'$.+4&5$21$&7*;$ -$%2$--$'<1.-./$*7.'($16'$/$4>? :%5&*51+:*64$4 6&* ,4'-20&0 ($4$5*$1 1.- $4 1;14$-< =/.' %$' 4&5$1 :%5&*51+:*64 0 ($5'$($'*$ 6..'%0*$'0*5.5 &'($)%1%$20*5 `Y&66& ->72> FZ"ZM FXa> FR
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gn0( *&7&%>6'-6( %&3&0'54*-,&5&'( ,4'-20( )258%,9''&5@( 4'( 7-,,&( )80+'-20&5( &5( 3&0'54*-,&5&'"g `Y&66& ->72> FZ"ZM P"a> D$ 7:*640.*$' %$'.74$14 14&%05 $74$' $* %$@$*4'&201$'0*5 &7.'5&*01&40.*$* $'M 96.*.-014;'0*5<(:%5$4($12:4*0*5$'.5&*1E44$21$&72$%$'$+,=9)$'$*0/$&:$' `Y&66& ->72> FZ"ZM P"a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g5./$'*-$*4&204;g< 1.- %$4 $' ($16'$/$4 &7 D$&* `D$&* FZZPa> [4;'0*5 $' 7.' D$&* $* 5$*$'$2 ($4$5*$21$ 7.' %$ -,%$'< =/.'+, -$**$16$'1 &%7E'%< +, 6&26:2$'$4 /01 7.'195$1 7.'-$4 5$**$- +,/0'6*0*5 &7 2 [$(02&5" FT
30 %$'$1 9*16$'< 0*4$'$11$'.5./$'($/01*0*5$' `D$&* FZZPM O"a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g `D$&*FZZPMUUa b,' 14;'0*5 %$70*$'$1 +, %$**$ -,%$ 5$**$- (20/$' %$4.51, -:2054 &4 :*%$'195$ 0*%0/0%$'*$1 1$2/14;'0*5> #$% &*%'$.'%< =/.'%&* 0*%0/0%$'+'.(2$-&401$'$'$5$*&%7E'%7.'+,%$*-,%$($%'$&4(20/$014&*%402 &4 14;'$ %$*.5 %$'-$% 105 1$2/ `D$&* FZZPM UPa> [4;'0*5 $' &241,./$'/$)$21$'./$'.57.'195+,&4+,/0'6$-$**$16$'1&%7E'%+,$*'&40.*$2-,%$>c&40.*$2$' %.5 0 %$**$ 1&--$*=E*5 066$ &4 7.'14, 1.- *.5$4 :*0/$'1$24> ^/&% %$' 0 k4 1&-7:*% +, $4 50/$*4 40%1+:*64 &*1$1 7.' /E'$*%$ '&40.*$24 &7=E*5$' &7< +, =/026$ -,%$' -&* 6&* 4E*6$ 1;14$-&4016< &*/$*%$ /0%$* $ -,2 7.' 14;'0*5$*`D$&*FZZPMUU7>a>D$41E'205$/$%%$**$-.%$'*$7.'-7.'14;'0*5$'< &4%$*$'+'E5$4&720($'&2$0%$$'>?*%0/0%$'*$&*1$11,2$%$11.-(&1&247'0$<.5 %$4$'5$**$-%$**$7'0=$%<-&*195$'&414;'$%$->#&*7.'195$'&241,&47.'-$ 3D$*$*5$216$($4$5*$21$7.'14;'0*5$'5./$'*-$*4<=/026$4:*%$'14'$5$'1&--$*=E*5$*-$22$-%$* -.%$'*$7.'-7.'14;'0*5.55./$'*-$*4&204;>?+'.)$64'&++.'4$*/02/0(2.416'0/$g14;'0*5g$22$'g-.%$'*$ 14;'0*5g0%$4027E2%$<=/.'%$'$'4&2$.-72$'$7.'-$'7.'14;'0*5<$61>1:/$'E*<%01@0+20*E'.5-.%$'*$ 14;'0*5> FW
31 0*%0/0%$'*$17'0=$%/$%&4'$5:2$'$%$'$1=&*%20*517$24>D$44$($4;%$'%.5.51,< &40*%0/0%$'*$6&*=&*%2$7.'16$22054<.5*.52$5&*5$0-.%14'0%-$%14;'0*5$*1 $5$*4205$-,2`D$&*FZZPMUTa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`D$&* FZZPM XPa> D$* -.%$'*$ 14;'0*51-$*4&204$4 6.--$' 7'$- 0 12:4*0*5$* &7 %$4 "T>,'=:*%'$%$.5 %$* :%*;44$'72$'$&71:/$'E*04$4$*1.5%01@0+20*$*1'&40.*&204$4$'.54$6*066$'<-$* (';%$'.51, -$% %$ $' &4 '$6.%070@$'$ %$-> D$* -.%$'*$ 14;'0*5 ($4'&54$'1,2$%$1%$14;'$%$.5%$6'E74$'.56&+&@04$4$'<-$**$16$*$($10%%$'< 1.- $* '$11.:'@$ 0 ($7.26*0*5$*< %$' 16&2.+40-$'$1 `D$&* FZZPM XRa> D$44$ 59'$1 /$% &4 106'$ ($7.26*0*5$*1 /$214&*%< 1:*%=$%< $77$640/04$4 ->-> 5$**$- 1066$'=$%1&++&'&4$' 1.- 1:*%=$%13< /$27E'%13.5 :%%&**$21$11;14$-$'< 1&-4 =E' > V241,.-7.'-$' 5./$'*-$*4&204; (2.4 1:/$'E*04$4$*.5 %01@0+20*$*1 4E*6*0*5 0./$'$*114$--$21$ -$% %$* *;$ /0%$*.5 %$ *;$ 4$6*066$'<%$'.+14,'`D$&*FZZPMXRa>[,2$%$16&*/001&-7:*%$4.5&'($)%120/$4 0%&51$'&40.*&204$4$'.54$6*066$'7'&&22$4'$-&547.'-$'> [$' /0 +, 5./$'*-$*4&204; -$'$ 5$*$'$24 =&*%2$' %$4.-< =/.'%&* /0 4E*6$' 14;'0*5>? %$**$ 7.'(0*%$21$ $' -$*4&204$4 $* 6.22$640/< &75'E*1$4 $*=$%< 1.- 0*%($7&44$' %$ 7.'-$' 7.' /0%$*< 4'..5./$'($/01*0*5$'< /0 &22$ $' 0*%2$)'$4 0 OZ
32 0*%$* 7.' -$*4&204$4$* `D$&* FZZPM X"a> D$**$ -$*4&204$4 6&* %.5 066$ :-0%%$2(&'4 :*%$'195$1 &7 %$-< %$' $' 0*%2$)'$4 0 %$*< %& -$*4&204$4$* $' $* ($40*5$21$ 7.' %$ ($14$-4$ 7.'-$' 7.' 4E*6*0*5< %$' 70*%$1 0*%$* 7.' -$*4&204$4$*`D$&*FZZPMX"a> D$ 7.'16$2205$ 7.'-$' 7.' 4E*6*0*5 6.--$' % :%4';6 5$**$- 4$6*016$ '$%16&($'< +'&61011$'.5 0*1404:40.*$' '$44$4 -.% &4 14;'$ &%7E'%> 8.' &4 &*&2;1$'$ 14;'0*51-$*4&204$4$' -, -&* 1,2$%$1 &*&2;1$'$ %011$ +'&64016$.5 4$6*016$ :%4';6 7.' 4E*6*0*5 `D$&* FZZPM XUa> ]* 5./$'*-$*4&204;3&*&2;1$ $' 1,2$%$1$414:%0$&7+'&6101'$50-$'<%/1>%$.'5&*01$'$%$+'&61011$'</014;'$1&7.5 14;'$'.1 1$2/ 05$**$-> Q'&61011$'*$ 0 %011$ '$50-$' +'.%:@$'$' /0%$*.5 1&*%=$%/$%=)E2+&77.'16$2205$7.'-$'7.'+'&64016$.54$6*016$'&40.*&204$4$' `D$&* FZZPM XXa> [,2$%$1 $' %$' $* 5$*10%05 7.'(0*%$21$ -$22$- 14;'0*5$*.5 +'&6101'$50-$'*$1 1&*%=$%1+'.%:640.*> d0 14;'$1.5 14;'$'.1 1$2/ 0./$'$*114$--$21$-$%5E2%$*%$1&*%=$%$'01&-7:*%$4<.5-,%$*/014;'$'.1 1$2/.5 &*%'$ +, -:20559' 7.'16$2205$ -,%$' &4 +'.%:@$'$ 1&*%=$% +, `D$&* FZZPMXXa> _./$'*-$*4&204;3($5'$($4.514;'0*51.-@.*%:@4.7@.*%:@46&*/00+'.)$64$4 &*/$*%$402&4:*%$'195$<=/.'%&*14;'0*51-$*4&204$4$*0%$4-.%$'*$&'($)%120/ :%/062$'105<.5=/.'%&*%$4+,/0'6$'%$0*/.2/$'$%$I=$'2E55$'/07.6:1+,%$ 14;'$%$0*%0/0%$'<-$%&'($)%$'*$<1.-014&%05=9)$'$5'&%(20/$'1$2/14;'$*%$> [,2$%$1 6&* +'.)$64% /$4 ($4'&54$1 1.- $* %$2 &7 %$*./$'.'%*$%$ 5./$'*-$*4&201$'0*5 0 %$* /$14205$ /$'%$*>? 7.'(0*%$21$ -$% *E14$ 6&+04$2<.-=&*%2$*%$8.:@&:24</02%$44$% /(20/$($16'$/$4> O"
33 5+5 G.4M94'2")":-.=(82(2" -$**$16$'.+7&44$'.5.'5&*01$'$'/$'%$*07.'16$2205$+$'0.%$'`i$*1$*FZZXM Wa>C&*6$1;14$-$'*$=&'($4;%*0*57.'<=/.'%&*+'.(2$-$'.+7&44$1<=/&%%$'./$'=./$%$4 6&4$5.'01$'$1 1.- $4 +'.(2$-<.5 =/&% %$' &*1$1 7.' %$* -$14 '&40.*$22$ 291*0*5 +, $4 +'.(2$->? $* 50/$* +$'0.%$ =&' %$4 5E2%$*%$ 4&*6$1;14$- 14.' ($4;%*0*5 7.' 14;'$1;14$-$4< -,%$* &4 2$%$ +,< 0%$4 4&*6$1;14$-$4 7.'%'$' 7.'16$2205$ 2$%$21$1'&40.*&204$4$' `i$*1$* FZZXM "Za> D$4 $'*$4.+%$**$1&--$*=E*5-$22$-4&*6$1;14$-$'*$.52$%$21$17.'-$*<%$' 70*%$1 %$' 066$ $* $*6$24 +$'1.* $22$' 0*14&*1 `14&4 $22$' 0*1404:40.*a< 1.- =&' %&**$4 5':*%2&5$4 7.' %$ 7.'16$2205$ 2$%$21$17.'-$'< %$' =&'/E'$45E2%$*%$5$**$-=014.'0$*>?14$%$4&7=E*5$'2$%$21$*1:%/0620*5&7 %-,=2,-'-7&51`i$*1$*FZZXM"Oa> [4;'$1;14$-6&*&*/$*%$11.-1;*.*;-7.'% /0%$4027E2%$<=/.'%$'$' `i$*1$* FZZXM "Oa> D /$'*$ $' 5$**$-5,$*%$ 7.' i$*1$*1 :%2E5*0*5 &7 &*&2;1$ &7 14;'$1;14$-$'*$1 :%/0620*5< 1.- %&**$' 5':*%2&5$4 7.' 7925$*%$> 5+5+# R)>:.>)2)K(-"? $* 50/$* +$'0.%$ /02 %$' /E'$ $4 ($14$-4 1;* +,< =/&% %$' $' $4 +'.(2$-<.5 -$%79'$'$*'E66$.+%$20*5$'&77>$61>%$41;5$$22$'6'0-0*$22$.5%$4*.'-&2$> C02%011$.+%$20*5$'6*;44$10$*50/$*+$'0.%$*.52$($14$-4$% /$'<1.- $' %$ +'.(2$ *0*51-.%$22$'< %$' 0 +$'0.%$* 7'$-14,' 1.- %$ -$14 '&40.*$22$.5*.'-&40/4'05405$`i$*1$*FZZXMOPa> OF
34 [&-7:*%$41 /0%$*< 4$6* '14,$21$ &7 -$**$16$4 $' &759'$*%$ 7.' -$**$16$41.+7&44$21$ &7 +'.(2$-$'.5 /:'%$'0*5 &7 %$* -$14 '&40.*$22$ :%(;55$1<7.'&*%'$1.51,5':*%2&5$47.'/.'$1/:'%$'0*5&7+'.(2$-$'.5%$'$1 '&40.*$22$291*0*5$'>D$44$$'(&55':*%$*7.'&4% /$'=$2$40%$*7.'&*%'$1.5&45&-2$% /$'$'14&44$1&7*;$`i$*1$*FZZXMOP7>a> [$'/0+,% /$'*$1.-$*-,%$&4.'5&*01$'$&%7E'%+,<6&*%$4($4'&54$1 1.- $4 14;'$1;14$-< %$' &*1+.'$' 402 /011$ 7.'-$' 7.' &%7E'%.5 ($1/E'20559'&*%'$>]*=/$'40%/027:*5$'$$74$'$4$22$'72$'$14;'$1;14$-$'.5 066$$74$'&*%'$>?%$*7.'(0*%$21$&*16:$'/00+'.)$64$4%$414;'$1;14$-<%$'$' 5E2%$*%$ +, %$ -.%$'*$ &'($)%1+2&%1$' :% 7'& i$*1$*1 ($16'0/$21$ &7 +'.)$64% /$4 `i$*1$* FZZXM FWW 77>a> D.5 /02 /0.51, 6.'4 6.--$ 0*% +, -$% %$4 7.'-,2 &4 :*%$'14'$5$ 7.'16$22$* -$22$- %$ 4. 14;'$1;14$-$'.5%$'$14$6*.2.50$'>D$44$$'1E'2054'$2$/&*407.'(0*%$21$-$% /.'$1 :*%$'195$21$ &7 4'&*1+&'$*4$.'5&*01&40.*$'< =/.' %$* &'604$64.*016$ 0*%'$4*0*56&*($4'&54$11.-$4'$%16&(40214;'0*5.52$%$21$&7-$%&'($)%$'$*> j/$ e=0&+$22. 6&2%$' +'.)$641&-7:*%$4 1.- (&101 7.' $* /0%$'$79'$21$ &7 Y$40*5$21$'*$ 7.' +'.)$64% /$41 7'$ $' 16&(4 &7 $* 'E66$ 7.'&*%'0*5$' 0 1&-7:*%$4> ]* &7 %$ / $ 7.'&*%'0*5$' $' 6&+04&201-$*1 :%('$%$21$40214.'$%$2$&7/$'%$*<0%$4%$495$'6.*6:''$*@$*.-&47.'*;105 =:'40514-:2054>D$44$=&'.51,=&74($4;%*0*57.'.-2E5*0*5$*&7+'.%:640.*$* 0 %$* /$14205$ /$'%$*< %&5 $' +'E5$4 &7 1$'/0@$ :*06&40.*1+'.%:640.*> ]* &*%$* 7.'&*%'0*5 0*040$'$1 0 "WPZm$'*$ 1.- $4 (':% -$% %01@0+20*+.1040/$4.5 $* *$%+'0.'04$'0*5 &7 14&(0204$4> ]*%$205 $' %$' 10%$* %$4 "T>,'=:*%'$%$ 16$4 $* 7.'16;%*0*5 &7 2$%$21$* 0 '$4*0*5 -.% 5./$'*-$*4&204;> OO
35 D011$ 1&-7:*%1-E1105$ 7.'&*%'0*5$' 14022$' *;$ 6'&/ 402.'5&*01&40.*$*.- 72$610(0204$4<%&%$*=:'405416&26:**$ $1051$2/.5+'.%:640.*$*`i$*1$* FZZXM OZZa> #,%$* =/.'+,.'5&*01&40.*$*.+*,' %$**$ 72$610(0204$4< $' /$% &4 50/$ &76&2% +, %$* (:'$&:6'&4016$< =0$'&'6016$ 2$%$21$17.'- 5$**$- $* &7.'5&*01&40.*$*1 :%/0620*51&*1/&' 402 -$%&'($)%$'*$> #$%&'($)%$'*$ 0*%%'&5$1 1,2$%$ $%$'$.5 1$2/2$%$'$< =/.'/$%.'5&*01&40.*$*1 :%/0620*5 6*;44$ $%&'($)%$'$*1> D$**$ :%/0620*5 '$1:24$'$'.51,0$**;.'5&*01&40.*1%016:'1<=/.'7.6:1$'+,-$%&'($)%$'$*1 +$'1.*205$:%/0620*5.51$2/2$%$21$`i$*1$*FZZXMOZ"a> W(2KI-8>-92).%9')2(2(-" E*%'$'.51, -$%&'($)%$'*$1 &'($)%1.+5&/$'< 1.- 7,' 6&'&64$'&7$*'E66$$*6$24.+5&/$'$22$'+'.)$64$'<1.-/$%6.--$*%$1$2/-,.+195$ `i$*1$* FZZXM OZZa> #$% %$4 6.*14&*4$ +'.)$64&'($)%$ (20/$' 6.--:*06&40.*$*.5 %$ $* /05405$'$ %$2 &7 &'($)%$4> D$4 16;2%$1&4).(1066$'=$%$*066$2E*5$'$$'50/$40&*1E44$21$*<-$*&7=E*5$'&7 -$%&'($)%$'$*1 $/*$ 402 &4 6.(2$ 105 +, *;$ +'.)$64$'.5 7'$-=E/$ 40%205$'$ +'.)$64$'1 7.' +, %$* -,%$ &4 7'$-14, 1.- $* &44'&640/ 1&-&'($)%1+&'4*$' `i$*1$* FZZXM OZOa> D&.'5&*01&40.*$* =$2$ 40%$* $' 0 7.'&*%'0*5 (20/$' -$%&'($)%$'*$ $*%/0%$'$ ($%9-4 :% 7'& %$'$1 $/*$ *4'-20> ^$' 2E55$1 %$' /E54 +, 7.'&*%'0*5< *51+&'&4=$%.5 4/E'7&5205=$%<-$*1$5$*16&($'1.-7.'%;(*0*5.5$'7&'0*507925$i$*1$*7,'$* *$5&40/ 62&*5< %& %$ 0*%$(E'$' $4 /014 $2$-$*4 &7 :72$610(0204$4 `i$*1$* FZZXM OZOa>? %$4 *;$ =0$'&'60< %$' &7291$' (:'$&:6'&40$4< $' %$4 066$ 2E*5$'$ 6:* %$ 7&5205$6.-+$4$*@$'<%$'$'&759'$*%$>[.@0&2$.5+$'1.*205$6.-+$4$*@$'1&-4 $/*$* (0201$'$ *$4/E'6 7,' $* 14&%05 149''$ ($4;%*0*5 `i$*1$*fzzxmozoa> ]* &7 %$ 5':*%2E55$*%$ ($40*5$21$' 7.' %$@$*4'&201$'0*5$* &7 &*1/&'$4 7.'.'5&*01$'0*5$*<$'&4-$%&'($)%$'*$(20/$'1$2/2$%$*%$.51$2/:%/062$*%$<-$*.51, &4 -$%&'($)%$'*$ $' $*5&5$'$%$> D$'7.' 7.'195$'.'5&*01&40.*$* &4 106'$ 105-$%&'($)%$'*$1$*5&5$-$*4/$%&4402(;%$%$--:205=$%$'7.'&4'$&201$'$ OU
36 1051$2/5$**$-&'($)%$4>8.'-$%&'($)%$'$*($4;%$'.'5&*01&40.*$*1/E54*0*5 &7 $*5&5$-$*4 %.5< &4 1$2/$ %$4 &4 :%/01$ I &4 6.--:*06$'$ I 104 $*5&5$-$*4 (20/$'205$1,/ &4:%79'$.+5&/$'.5%$24&5$0+'.)$64$'`i$*1$*FZZXM OZFa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`i$*1$* FZZXM FOFa> [.- 1,%&* 6&* %$2$ &7 %$**$ -.%$2.51, 5$*70*%$1 0 %$4,(*$ &'($)%1-02)9> b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g79)$205$6'.++$g`V-=9) FZZUMFR"a> OX
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`i$*1$*FZZXMFOOa>8&*5$*7,'&2%'05-:205=$%7.'&4&*',($ 105 1$2/ 1.- 1:()$ :*06&40.*$*.5 %$'-$% %$70*$'$ 105 1$2/ I =$'&7.()$640/01$'0*5$*> Q, %$,(*$ 6.*4.'$' $' %$4 066$ `:%$2:66$*%$a 2$%$'$*< %$' 0&544&5$'%$&*1&44$>[;*205=$%$*$'5$*10%057.'1&-4205$&*1&44$<.5&22$+&'4$' $' -$'$ $22$' -0*%'$ 205$/E'%05$.5 =&' -:205=$% 7.' &4 &*',($ 105 1$2/ 1.- 1:()$64$'06.--:*06&40.*$*>D$*7.'%.(20*5<1;*20559'$21$*+,&'($)%1+2&%1$* -$%79'$'<$'066$0$41:()$64\.()$641.-0Q&*.+406.*<-$*0$41:()$64\1:()$64 `V-=9) FZZUM FR"a> D$' $' 4&2$.- $* '$72$610/ 7.2%*0*5< =/026$4 $' 6.*1404:$'$*%$ 7.' 1$2/$41 2$%$21$ & $2/> _$**$- 1$2/4$6*.2.50$'*$ &*1+.'$1 -$%&'($)%$'*$ 402 &4 ($4'&54$ 105 1$2/ 1.- $* '$11.:'@$< %$' 16&2 /$%205$=.2%$1.5:%/062$1> D$4 $' +, %$**$ (&55':*%< /0 =&' /&254 &4 ($4'&54$ 1;*20559'$21$* 0 %$4,(*$ &'($)%1-02)9 1.- $* 1$2/4$6*.2.50< %$' &*1+.'$' 0*%0/0%$ $2/2$%$21$< 7'$- 7.' $* %01@0+20*E'./$'/,5*0*514$6*.2.50< %$' 4022E55$' 0*%0/0%$4 $* '.22$< %$4 16&2:%7;2%$> OP
38 5+5+A C('K2(8%.'.*)(-" D$4 5':*%2E55$*%$ (&5 1$2/4$6*.2.50$'*$ $' 4&*6$.- `g14;'0*5 &7 14;'0*5g $22$' g14;'0*5 &7 &%7E'%ga.5 $' $4 1+9'51-,2.-< =/.'%&* -&* 6&* 14;'$ -$**$16$' 402 &4 14;'$ 105 1$2/ `D$&* FZZPMUTa>D$44$6*;44$'1054E44025./$'*-$*4&204;<1.-%$4$'(2$/5$**$-5,$4>? $4 2$%$21$1+$'1+$640/ 6&* 1$2/4$6*.2.50$'*$ 1$1 1.- /E'649)$'< =/.'-$% g/&00&,+&'( 6;5&,( '-*( &'(,&*7( /8*-6:&%&5( 26( /?*g `i$*1$* FZZXM "WUa>? +'.)$64$41 6.*4$614 6&* 1$2/4$6*.2.50$'*$ 7.'14, $%$21$*1 '$%16&($' 402 &4 7, -$%&'($)%$'$* 402 &4 ($4'&54$ 105 1$2/ 1.- 1$2/2$%$*%$.5 &*1/&'14&5$*%$< -$* ,.+7.'%'$' -$%&'($)%$'$* 402 &4 :%*;44$ %$ 50/*$ -:205=$%$'< $ -,2 7.'.5 $/&2:$'$ $5$* :%/0620*5> [$2/4$6*.2.50$*16&21,2$%$1066$1$11.-%0'$64$14;'0*51'$%16&(7.'2$%$21$*> [*&'$'$ 6&* 2$%$21$* 14022$ 7.'16$2205$ 1$2/4$6*.2.50$' 402 ',%05=$% 7.' -$%&'($)%$'*$< $61$-+$2/01 5$**$- #$%&'($)%$':%/0620*511&-4&2$* `#S[a $22$'0*%'$4*0*5$*&7%$4,(*$6.*4.'>Q,%$*-,%$(20/$'2$%$21$*1'.22$&42$%$ -$%&'($)%$'*$11$2/2$%$21$/$%=)E2+&7$61$-+$2/011$2/4$6*.2.50$'> 5+; X)ME9-&"C(%%(22"?%$47925$*%$/02%$'(20/$'$%$5).'47.'[$**$4411;*1+:*64$'.-%$472$610(2$ -$**$16$.5&'($)%$417.'/&*%20*51&-4%$7925$*%$6.*1$6/$*1$'7.'0*%0/0%$4< %$' $' +'.)$64$41.-%'$)*0*51+:*64> D$44$ +, (&55':*% &7 [$**$441 (.5 A&'( %$'7.'=&*14$.'0> 5+;+# R(2"1'(8>)/'("0(%%(>8("?A&'()*&+,-.*&(/&00&,+&1$'[$**$44+,:%/0620*5$*402%$41$*-.%$'*$1&-7:*%.5 %$4 %$'&7 7925$*%$ 1$*-.%$'*$ &'($)%120/> [$**$44 4&5$' :%5&*51+:* $610(0204$4$*.5($16E7405$'105-$%<=/.'%&*%$*+,/0'6$'0*%0/0%$4>Y.5$*$'< 1.- [$**$44 1$2/ ($16'0/$' 10* $-+0'016$ 7:*%$'0*5<.+(;55$4 0./$'$*114$--$21$-$%$*$11&;014016&'5:-$*4&40.*.5($4)$*4&7:7.'-$22$.5 -$'$ (2&*%$%$ 602%$' 1, *.-016$ %&4&< 1.@0&2$ 4$.'0$'.5 =014.'016$ OR
39 7'$ *5$'`[$**$44"WWWMWa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`%$* *;$ 6&+04&201-$a>[$**$ $'=$'$4($5'$(<%$'066$$'6.*6'$4%$70*$'$4<-$* ($16'0/$' %$4 1.- $4 :%4';6 7.' %$4 6&+04& $ 1;14$-< $4 :%4';6 7.' =$2$ 1&-7:*%$4.5 0 %$* *;$ 6&+04&201-$ 2055$' $* 7.'*;$21$ &7 40%205$'$.'5&*01&40.*17.'-$' `[$**$44 "WWWM Ta> D$* 72$610(2$ 6&+04&201-$ 1602%'$1 +, (&55':*% &7 %$*.'5&*01&4.'016$ 7.'&*%'0*5< =/.' =./$%/E54$* 2E55$1 +, 72$610(0204$4$*<.5 =/.' %$ 140/$ (:'$&:6'&4016$ 7.'-$'.5 %$* (20*%$ ':40*$ $' 6.--$4 402 %$(&4> ^$'/$% $'7&'$' [$**$44< &4 %$ &*1&44$ 0.'5&*01&40.*$* 1,+4*( +800&( 5&46&5&( :85'-6'@( 795&( -0%,'-**&'( =?( 5-,-3-( 26( 6;5&(,-6( /&5&( 84):906-6&( 4)( 5&6*&5(26()25/&**&(=523&%85&51`[$**$44"WWWMRa>?4&64-$%%$41$*-.%$'*$1&-7:*%17'$-=E/$21$&772$610(0204$4.5$41&-7:*% +'E5$4 &7 72$610($2 6&+04&201-$< E*%'$' %$ &'($)%1-E1105$ 7.'=.2% 105 7'& $4 ':40*$+'E5$4 402 $4 72$610($24 &'($)%120/> D$44$ 1E44$' [$**$44 0-0%2$'40% 1+9'51-,214$5*/$%<%&=&*066$1$'$4':40*$+'E5$4&'($)%$1.-:%$2:66$*%$ *$5&40/4`[$**$44"WWWMUR77>a>D$*72$610(2$6&+04&201-$-$%79'$'%0-$*10.*$' &7 7.'&*%'0*5$'< %$' (2&*%4 &*%$4 0*%$(E'$' *;$ -,%$' &4.'5&*01$'$ &'($)%140%$* +,> D$44$ ($16'0/$1 -$% :%4';66$4 g066$ 7&14 &*1E44$21$g< %$' OT
40 -$%79'$' &4 +$'0.%016$ &*1E44$21$' $22$' 6.'440%16.*4'&64$' 0*%79'$1 `[$**$44 "WWWM "Wa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`[$**$44 "WWWM F"a>? 7.'(0*%$21$ -$% E*%'0*5$* &7.'5&*01&40.*17.'-$'*$1 6:24:' $' *952$.'%$4 &241, 72$610(0204$4<.5 [$**$441 &*16:$21$ &7 1&-7:*%$4 $' %$'7.' 0*4$'$11&*4 0 7.'=.2% 402 +'.)$64$41 7.6:1 +,< =/026$* ($4;%*0*5 %$ *;$.'5&*01&40.*17.'-$' =&'7.'14'$11.56.*72064$'0&'($)%120/$4> 5+;+5 G'(8>)/)')2(2>/(*-(/(2" [$**$44172$610(0204$41($5'$($'<1.-%&0()*&+,-.*&(+4=-'4*-,/&<066$$4($5'$(=&* %$70*$'$'+'[email protected]=&*1&*&2;1$=$'&71+E*%$'%$'7.'.51,-$5$4('$%4./$' &22$ 1&-7:*%1-E1105$ *0/$&:$'>?*%2$%*0*51/01< 0 6&+042$4 Q*&+,-.-*-'&' `[$**$44 "WWWM URa@( 7'$-14022$' [$**$44 $* -$4&7.'.- &4 %$* 72$610(2$ -$**$16$205$ &%7E'%.85%&/E'$&71&--$'.(:14=$%<1.-$44'E%$'(9)$'0/0*%$*`[$**$44 "WWWM URa> #$% %$4 -$*$' =&*< &4 -&* (9' /E'$ 402+&1*0*51%;5405./$' 7.' E*%'$%$.-14E*%05=$%$'<8%&0&4-&*2&%$'105*$%(';%$&7%011$> d$% %$**$ '$72$610.* &*62&5$' [$**$44 1&-7:*%$4 7.' &4 16&($ -$'$ 72$610(2$ 0*1404:40.*$' /$% &4 $61+$'0-$*4$'$ -$%< =/.'%&* -&* 6&* 7)$'*$ %$4 ':40*$+'E5$%$ &'($)%$1.*%$<.5 &4 g`na )*&+,-.-*-'&'&0( -/-%*&5'-%( 5&0'( =54+'-,+( +80( )2+8,&5&5( =?( %&( +59)'&5@( %&5(.;<&5( )2*+1( `[$**$44 "WWWMURa> #&* 6&* %$'7.' &'5:-$*4$'$7.'<&4[$**$44066$-$*$'<&4%$'1.-1,%&*$'*.5$4'$$245&24-$% :%/0620*5$*-.%-$'$72$610(0204$4<-$*&4=&*16'04016$1;*+,72$610(0204$4$*0 &'($)%120/$4 16;2%$1< &4 72$610(0204$4$* 6:* 7.6:1$'$' +, %$ 7&64.'$'< %$' (9)$' OW
41 7.26>[$**$441$':%/0620*5$*-.%%$*72$610(2$6&+04&201-$1.-$47.'195+,&4 *$%(';%$%$4'&%040.*$22$(:'$&:6'&4016$7.'-$'09*16$4.-&4($5:*1405$%$* 72$610(2$.'5&*01$'0*516:24:'7.'1,2$%$1&47'059'$0*%0/0%$4>?%016:110.*$*.- %$47'0$0*%0/0%4&5$'[$**$44(2&*%4&*%$47&4+,%$*('04016$ i.=*[4:&'4 # =&*1 %$70*040.* &7 72$610(0204$4< %$' $' *.5$4< 1.- *.5$4 %$' &/2$' +$'1.*205 7'0=$% `[$**$44"WWWM UTa>[$**$44 $' 0-0%2$'40% 16$+4016./$'7.'%$4 1;*1+:*64< %$' 1$' %$* 72$610(2$.'5&*01$'0*5< 1&-4 %k4 &4 /E'$ 402+&1*0*51%;5405< 1.- $* =&(02 6&'&64$'$5$*16&(< %$' 16&($' 7.':%1E4*0*5$* 7.' %$* 7'0$ =&*%20*5> ^&* -$*$' %$'0-.% &4 14),+>&0( )25( %&0(.85&48+54'-,+&( 58'-0&( 26( ;0,+&'( 2/( )*&+,-.-*-'&'( :45(,+4.'( 0>&( /46'K+20'52*,'58+'85&5( 26( -++&( )5-6;5&0%&(.&'-06&*,&51`[$**$44"WWWMUTa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`[$**$44"WWWMTa> ]* &7 7.'&*%'0*5$*1 %0-$*10.*$' $'< 1.- *E/*4< %$* *;$ -,%$ &4.'5&*01$'$ &'($)%140%$* +,< =/026$4 -$%79'$' $* E*%'0*5 &7 &'($)%$41 ($4;%*0*5 0 20/$4>?7925$[$**$440*%$(E'$'7.'&*%'0*5$*&740%$*1.'5&*01$'0*56.*1$6/$*1$'7.' 0*%0/0%$'*$0*%$*7.'&'($)%120/1,/$21.-+'0/&420/> UZ
42 [$**$44 +,+$5$' '-**-% 1.- /E'$*%$ &7 4. 6&'&64$'$'M 7.'-$ %.5 :7.'-$ %>D$*7.'-$22$40220%6&*$61$-+$2/01/E'$<*,'7.265,'0*%0$*=&*%$2+, :7.'-$22$ 40220% $' &7 %;($'$ 6&'&64$'<.5 $' (2&*%4 &*%$4 -$% 402 &4 :%/062$ (,*% 6.22$5&$' 0-$22$- `[$**$44 "WWWM FFa>? %$* 7.'(0*%$21$ -$*$' [$**$44< &4 $* &7 6.*1$6/$*1$'*$ /$% %$* 72$610(2$ 6&+04&201-$ $'< &4 %$* :7.'-$22$ 40220% 066$ :%/062$1 0 %$4 72$610(2$ &'($)%$ `[$**$44 "WWWM FFa>? %$4 72$610(2$&'($)%$.+14,'%$'$*7';547.'&4-014$5'$($4<=/026$4$'$*6.*1$6/$*1 &7 %$* -&*52$*%$ 4';5=$%.5 7.':%105$205=$% 0 &*1E44$21$*< %$'.+14,' *,' 0*%0/0%$4 4/0*5$1 402 &4 /E'$ 72$610($2> #$% %$44$ 4&5$4 0 ($4'&54*0*5 ($16;2%$' [$**$44 &241, &'($)%$41 /026,' 7.' &4 -$%79'$ 6.*1$6/$*1$'< 1.- $61$-+$2/01 %$**$ 7';54 `[$**$44 "WWWM "Pa> D$1:%$* +,/0'6$' %$*.'5&*01&4.'016$ 7.'&*%'0* &K)4,'40,9''&*,&0< &4 &'($)%1.+5&/$'*$.51, (20/$' %$70*$'$4 -$'$ 2914 $*% 40%205$'$>D$* 291$ %$70*040.* :-:20559'< &41E44$$*5'E*1$7.'< =/026$.+5&/$' -$%&'($)%$'$* 16&2 :%79'$> D$44$ 6&2%$' 1,2$%$1 +, 6.*14&*4 95$4 6.-+$4$*@$< 1&-40%05 -$% &4 %$4 7.' -$%&'($)%$'$* (20/$' /&*16$2054 &4 %$70*$'$10*'.22$`[$**$44"WWWM"Pa>B05$1.-%$2914%$70*$'$%$&'($)%1.+5&/$' $' &'($)%140%$*.51, 50/$4 /$% $* 291 %$70*040.* 5$**$- 7.'16$2205$ 7.'-$' 7.' 72$6140%>82$6140%$*16&250/$7'0=$%/$%&4&716&77$':40*$*.5-&5414':64:'$'*$ =$'0<-$*[$**$44&*1$'%$**$7'0=$%1.-7&216>D$44$06'&74&7<&440%$*$'(2$/$4 :*%$'2&54*;$-&5414':64:'$'h1%&0(0>&()5-:&%@(,2/(-0%6?5(-(2=5;5&'(/2%(58'-0&0@( &5(.&,095&0%&@(/&0(-++&(5&&*g`[$**$44"WWWMPF7>a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`[$**$44 "WWWMFOa>B05$2$%$1$'72$610(0204$4$*.5:%7.'%'0*5$'1.-:1066$'=$%.5'010@0<0 &'($)%$4<066$402*;44$0'.22$*1.-7.'E2%$'>[$**$44($16'0/$'<&4$*&%7E'%%$' U"
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`[$**$44"WWWMFUa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`[$**$44 "WWW"PP7>a> UF
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
45 ;+#+# L-*9%)>92).%(->"4&K)8')%*".*"1.-9%&-)%*" D$4 -.%$'*$ 1&-7:*% =&' :%/062$ $% %$* 6&+04& $ +'.%:640.*1-,%$1 :%('$%$21$< =/026$4 =&' ($4;%$4 +$'-&*$*4$ 7.'&*%'0*5$' 0 1&-7:*%$411.@0&2$'$2&40.*$'.5$*$'7&'0*5.-*9%/$*%05=$%&76.*40*:$'205$.-14':64:'$'0*5$' 0.'5&*01&40.*$' `o&%16)e' FZZPM "ZUa>? :*%$'195$21$* &7.'5&*01&40.*$' 70*%$' /0 %$4 *;44054 &4 1$.'5&*01&40.*$'*$ 1.- /E'$*%$ +2:'& $> D$4 /02 105$< &4 %$ ':--$' 72$'$ 7.'16$2205$ -,2.5 1$2/14E*%05$ 0*4$'$11$'<.5 %$44$ $' 7.':%1E4*0*5$* 7.' 0*4$'$11$*4-.%$22$*< 1.- $' ($16'$/$406&+04$2O>">N'5&*01&40.*$*10*4$'$11$*4$'/020149''$$22$'0*%'$5'&% 14, 4E4 +,.'5&*01&40.*$*1 14':64:'< 6:24:'.5 +'.@$11$'> Q, 4'.%1 &7.'5&*01&40.*$'*$1 7.'16$2205=$% /02.'5&*01&40.*$* %.5 /E'$ +'E5$4 &7.-/$'%$*$* `Y&66& ->72> FZ"ZM OXa< =/.'7.' 1&-7:*%$41.'5&*01$'0*5.5 :%/0620*5.51,=&'($4;%*0*57.'7.'&*%'0*5$'*$0.'5&*01&40.*$*>d$%$ %$ ($40*5$21$'< &'($)%$4 =&' /E'$4 :*%$'2&54< ($4;%$' %$4 %$'7.'.51, $ %$*.'5&*01&4.'016$7.'&*6'0*5>?($5;*%$21$*&7%$4FZ>,'=:*%'$%$(2$/%$*79'14$+'&64016$4$.'0:%7.'-$4&7 %$* &-$'06&*16$ 0*5$*09' 8'$%$'0@6 o> C&;2.'> C$.'0$* ($'9'4$.+5&/$.'0$*4$'$4.+40-$'0*5 &7 &'($)%15&*5$.5 %$* 4$6* *.-016 '&40.*&201$'0*51($/E5$21$ ($4$5*$1 1.- O3-&0'-)-3( M4046&/&0'( `Y&66& ->72> FZ"ZM OPa> N'5&*01&40.*$'1 6.*1404:$'0*51($40*5$21$' $' 0 '$2&40.* 402 %$*1.-/$'%$*<=/026$4.51,-$%79'4$<&4%$'.+14.%$4-.%1/&'402%$*4&;2.'014016$ ($/E5$21$ 0 0*%:14'0$*> D$44$ /&' R8/40( S&*4'-20,< %$' 2&5%$ /E54 +, -$**$16$205$ ($=./>? (,%$ %$*.77$*4205$.5 %$* +'0/&4$ 1$64.' (2$/ %$ 14.'$ &%-0*014'&40/$14':64:'$':%7.'16$4&7A&0(4%/-0-,'54'-7&(,+2*&.5%$*T&.&5,+&(.85&48+54'-'&25-`Y&66&->72>FZ"ZMOPa> [ $ &7 E*%'0*5$' 0 1&-7:*%10*%0/0%$'1 5$*$'$22$ 6.-+$4$*@$'< /02 %$* '&40.*$24 7:*5$'$*%$.'5&*01&40.*./$' $* 2E*5$'$ +$'0.%$ E*%'$ 104 $5$4 5':*%2&57.'$61014$*1>D$'$'$74$'=,*%$*.+14,$4$*149''$-.%105$21$-$22$- %$ &75'E*1$*%$ 6.*1404:$'0*51($40*5$21$'.5.'5&*01&40.*$*1 '$2&40.* 402.-/$'%$*$*> D$4 5E2%$' (2&*%4 &*%$4< &4.'5&*01&40.*$* ($14,' &7 -$**$16$'< UU
46 20/ =&' $* ($4;%*0*5 0 =/$'%&5120/$4<.5 0 4&64 -$% 1&-7:*%1:%/0620*5$*.5$74$'$*-.%$'*$'&40.*$2$+.6$<:%7.2%$'%$420/105+, *;$ ($40*5$21$' `o&%16)e' FZZPM "ZX 7>a>? 29($4 &7 "WRZL$'*$ (2$/ %$* 4'&%040.*$22$ 0*%:14'01.@ $ 4&*6$5&*5 1& :$< =/.' 6&+04&201-$*1 '&40.*&204$4.5 &'($)%$41 7'$--$%59'$21$ /&' D$44$ -$%79'4$ &4 4&;2.'01-$*1.5 -&11$+'.%:640.*$*1 %$6/&2070@$'0*5.5 *$%120%*0*5 &7 -$%&'($)%$'$* (2$/ +,+$5$4> D$4 0*%/&'12$%$ 402 $4.+59' -$% 0*%:14'01&-7:*%$411.@0&2$'$2&40.*$'<.5$74$'=,*%$*($5;*%4$%$'&4(20/$2&54 /E54 +, +.4$*40$22$ -:205=$%$' 7.' '$&201$'0*5 &7 -$**$16$'1 6'$&40/04$4 0 &'($)%120/$4`B0*%FZZPM"FP7>a> ;+#+3 6&K)8')%*"91"-.''(-" #$%40%$*$'1&-7:*%$41(.'5$'$(2$/$4-&4$'0$246.*1404:$'$4+,$**;-,%$< =/.'7.'7'$--$%59'$21$*/$%&'($)%$4<1.-(:'$&:6'&40$46:**$-$%79'$<066$ 2E*5$'$ (2.4 &@@$+4$'$1 1.- $* 1$2/7925$205=$%< -$* 1$1 1.- $4 :*9%/$*%054.*%$>Q,%$**$(&55':*%$'%$'(2$/$4:%79'472$'$$61+$'0-$*4$'-$%2$%$21$13.51&-&'($)%17.'-$'<=/026$4=&''$1:24$'$40$*95$40*4$'$11$7.'*;$.5-$'$ 72$610(2$.'5&*01&40.*17.'-$'`Y&66&->72>FZ"ZMPWa>N'5&*01&40.*$':%59'$1&7 -$**$16$'<.5 %$'7.' -, -&* 7.'14, 7.'&*%'0*5$' 0.'5&*01&40.*$' '&*%'0*5$' &7 -$**$16$'>? 4&64 -$% :%/0620*5$* &7.'5&*01&40.*114':64:'$* E*%'$1 1,2$%$1.51, -$%&'($)%$'$*1 '.22$> D$4 $' %$**$ '.22$E*%'0*5< 1.- b0$21 p6$'14'9- V*%$'1$* ($16'0/$' 0 =&*1 :*%$'195$21$ &7 -$%&'($)%$'$*1 1$-&*4016$ =014.'0$ 0 &'4062$* gu&%&*,&( 4)( =&5,20*-6:&%( P( 2/( /&%45.&<%&5&0,( =9%4626-,&5-061 `V*%$'1$* FZZUa> 7.'16;%*0*5$'< %$' =&' /E'$4 0 -$%&'($)%$'1$-&*4066$* -$% =$*(206 +, 6'&/ $4$*@$' =.1 -$%&'($)%$'$*< $' 0*4$'$11&*4$ 7.' +'.)$64$4 0 7.'=.2% 402 2$%$21$*1.5 %$ &*1&44$1.+7&44$21$&7-$%&'($)%$'$*1'.22$0.'5&*01&40.*$*<=/.'7.'%$4195$1 :%7.'16$4 0 $4 1$*$'$ 6&+04$2> 8.' &4.+*, $* 7.'14,$21$ 7.' 7.'16;%*0*5$'16041$'$'V*%$'1$*%$*=014.'016$1.*%'0*5<1.--$%&'($)%$'*$ 16&($1 05$**$ &201$'$' +, %$* -,%$ 7.'16;%*0*5$'.5 1$-&*4066$' `V*%$'1$*FZZUMFUUa>D$**$1.*%'0*570*%$10+$'0.%$*7'&"TUT4020%&5<7'& $-($%1-&*%11$-&* $-&*4066$*.- %$* =$2$< &*1/&'14&5$*%$ UX
47 -$%&'($)%$'<.5 (0%'&5$' '14,$21$* &7 %$ *;$.'5&*01&40.*17.'-$' `V*%$'1$*FZZUMFUUa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`Y&66& ->72> FZ"ZM XWa> D016:'1$* &*5,$*%$ %$@$*4'&201$'0*5 0 *;$.'5&*01$'0*5$' &7 &'($)%$4 6&* :-0%%$2(&'4/0'6$1.-$4+&'&%.61<%&/011$7:*640.*$'-,/E'$@$*4'&201$'$%$0 UP
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h -.40/&40.*17.'16*0*5$*1 =./$%4$*%$*1/01$'*$-205&4-$**$16$'.74$&'($)%$'-$'$.5($%'$<*,'%$7,' -:205=$%7.'&4+,/0'6$$5$*&'($)%1104:&40.*`Y&66&->72>FZ"ZMPZa>D$1:%$* -:205=$% 7.' 72$610(0204$4< %$' %205$'$ *E/*4 &*1$1 1.- $* *9%/$*%05 *;$14'&4$50$'0*%$*7.'.'5&*01&40.*$'<.52$%$21$&77.'&*%'0*5$'6'E/$'<&4%$' $'$*5.%7.'14,$21$7.'7.'&*%'0*5$*<1.-%$14,'./$'7.'>D$44$195$1%016:4$'$4 0 $4 1$*$'$ &71*04 0 %$44$ 6&+04$2> D$4 $' '$2$/&*4 &4 +,+$5$< &4.'5&*01&40.*$'1 7.'&*%'0*56&*=&/$-&*5$&*1054$'<.5%'0/6'E74$'*$7.'%011$6&*/E'$(,%$ 0*4$'*$.5$614$'*$<0%$47.'&*%'0*5$*&640/$'$1&77.'=.2%$*$0$*.'5&*01&40.*1.-50/$21$' U $22$'&77.'=.2%0*4$'*40.'5&*01&40.*$*`^02%$('&*%4->72>FZZXMX"a> N-$*%%$4$'0*4$'*$$22$'$614$'*$7.'=.2%<%$'$'(&55':*%7.'7.'&*%'0*5$*< $' %$4 0 10%14$ $*%$ 7.'16$2205$ $5$*16&($'< =$':*%$' 72$610(0204$4< %$' $' ::*%5,$205$0*;$.'5&*01&40.*17.'-$'<1&-40%05-$%&4%$$''&40.*&2$'*$(&5 %$-> ;+#+; Y)&(%&(')%*".*">909-/(=&(" ]4 5$*$'$24 0*@04&-$*4 7.'.-2E5*0*5$* 402 *;$.'5&*01&40.*17.'-$' 70*%$1 0 7.'-.%*0*5$*.-< &4 %$* ':-205$ '$.'5&*01$'0*5 6&* (0%'&5$ 402 &4 :%291$ -$%&'($)%$'*$1 7:2%$ +.4$*40&2$ /$% &4 -$%&'($)%$'$* (20/$' 0*%%'&5$4 0 4i7>0*4$'$11$*4-.%$22$*h(02&5" UR
49 .'5&*01&40.*$*1 ($12:4*0*5$'.5 %$'-$% 402$5*$' ''$ 6.*4'.2./$' $5$* &'($)%1104:&40.*>b;$.'5&*01&40.*17.'-$'2E55$'.+4029*16$4.-&47,1,-$5$4 :% &7 -$%&'($)%$'+.4$*40&2$ :2054< /$% &4 =&/$ 7.6:1 +,.-',%$' 1.- 1&-&'($)%$<72$610(0204$4.5/0%$*%$20*5-$22$--$%&'($)%$'$>d0%$*%$20*5$'0 %$**$7.'(0*%$21$(,%$'$2$/&*4<1,/$21.-0*4$'$11&*4<*,'4&*6$'*$7&2%$'+, +'.)$64$41 =./$%7.6:1< %$' ($16E7405$' 105 -$% 4'&*1+&'$*4$.'5&*01&40.*17.'-$'> N'%$4 /0%$*%$20*5 $' (2$/$4 $4 *952$.'% 7.' -&*5$ -.%$'*$.'5&*01&40.*$'<1$2/.-/0%$*%$20*5$'*.5$41.--$**$16$'&240%=&' +'&6401$'$4< %.5 -$% %$4 7.'($=.2% &4 %$4 066$ =&' /E'$4 ($4$5*$4 1.- /0%$*%$20*5`e='014$*1$*FZZUM""a> q*%'0*5$* 402 $* -$%79'$' $* 149''$ -:205=$% 7.' 6.--:*06&40.* -$% =0*&*%$* 0*%(;'%$1 +, &'($)%1+2&%1$* `e='014$*1$* FZZUM "Fa> D$**$ 95$%$ 0*4$'&640.* (2&*%4 -$%&'($)%$'*$ -:20559'<&4%$'6&*%$2$1-$'$/0%$*$*%4027E2%$4/&'79'0%$7.'=$*/E'$*%$.'5&*01&40.*17.'-$'> d0%$*%$20*5 =&' &241, '-,2 &4 *; /0%$*< 1&-40%05 -$% $* ;%$'205$'$ :%*;44$21$ &7 %$* &22$'$%$ $61014$'$*%$ /0%$*< %$' 70*%$1 (2&*%4 -$%&'($)%$'*$ `e='014$*1$* FZZUM "Wa> #$% %$* ':-205$ '$.'5&*01$'0*5 402 %$ *;$.'5&*01&40.*17.'-$'<.+14,' -:205=$%$'*$ 7.' /0%$*%$20*5 *&4:' /0'6$' 1,2$%$1 =$22$' 066$ 6.*14':$'$4< =/026$4 7.' -$%&'($)%$'*$ 59' /0%$*%$20*5 402 $4 &640/4 402/&25 7'$- 7.' $* +,2&54.+5&/$> d0%$*%$20*5$*1;*$11,2$%$1&4/e'$&7&759'$*%$($4;%*0*57.'.'5&*01&40.*$*1./$'2$/$21$ 0 %$4 -.%$'*$ &'($)%120/> Q$4$' ^.2%4 e='014$*1$* &'5:-$*4$'$' 0 %$**$1&--$*=E*57.'&4.'5&*01&40.*$'$'4/:*5$4402&4/0%$*%$2$<=/01%$$' 0*4$'$11$'$%$0./$'2$/$21$M 1.*-7&5( 7-5+,2/:&%&5( -++&( -(,'40%( '-*(.&%5&( 4'( %&*&( 7-%&0@( <4(,?( &5( %&'( -++&( /8*-6'()25(%&/(4'(2=0?(26()4,':2*%&(&))&+'-7-'&'(26( &03&)25%&*&@(26( 4*',?(4'(27&5*&7&1`e='014$*1$*FZZUMUXa> D$*':-205$'$.'5&*01$'0*5<%$'16&($11.-'$1:24&4&7%$@$*4'&201$'0*5$*<=&'.51, $4 0(.$*%$ 4'&*1+&'$*4 $2$-$*4> D$* *;$ 1;*205=$%< -$%&'($)%$'*$ 0-$22$-< 95$' 1.-./$*7.' *E/*4 %$* 1.@0&2$ 6.*4&64.5 %$'-$%.51, -:205=$%$*7.'/0%$*%$20*5> UT
50 ?-0%2$'40%1;*$11;*205=$%$*.51,&440279'$&'($)%120/$40.'5&*01&40.*$*&*%'$ &1+$64$' 0 7.'- &7 1$2/2$%$*%$ -$%&'($)%$'$.5 $4 $2$-$*4 &7./$'/,5*0*5< =/026$4/02(20/$&*&2;1$'$4.5%016:4$'$4+,$41$*$'$40%1+:*64> ;+#+A W7(">2-92(*)(-" d0%$*1&-7:*%$417'$-6.-14<+,($6.14*0*5&70*%:14'01&-7:*%$4=&'-$%79'4&4 -$%&'($)%$'$*7,'$*-$'$@$*4'&2'.22$0.'5&*01&40.*$*>d0%$*1&'($)%$'$*0%$4 -.%$'*$&'($)%120/6&*16&($%$*0**./&40.*<:%/0620*5.5/E'%0<1.-&%16022$' $*.'5&*01&40.* 7'& 6.*6:''$*4$' `Y&1.* FZZOM OO7a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`Y&66& FZ"ZM "F"a> D011$ 5':++$' $' 0*4$'$11&*4$< 7.'%0 %$ $' $4.'5&*01&40.*1-9*14$'< %$' -:20559' &4 6.(2$ %$ 4. 1;14$-$'< %$' 70*%$1 0 %$4 [email protected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`i$*1$* FZZXM OZ"a> D$44$ -$%79'$'< &4 -$%&'($)%$'$*1 &'($)%$ E*%'$' 6&'&64$'<.5 %$' 6.--$' 1,2$%$1 $4 149''$ 7.6:1+,6.--:*06&40.*.51.@0&2$6.-+$4$*@$'0&'($)%120/$4<$*%%$'40%205$'$ UW
51 +$'1.*205$ $5$*16&($' 0 %$4 -.%$'*$ &'($)%120/< :*%$'14'$5$' 1,2$%$1 ($4;%*0*5$*&7%[email protected]$6*016$1;14$-<%&%$'16&($1$*205$/E5405'$2&40.* -$22$- %$4 4$6*016$ 1;14$-.5 %$4 1.@0&2$ 1;14$- 7.' &4 6:**$.+40-$'$ +'.%:640/04$4$*0.'5&*01&40.*$*>? %$4 7925$*%$ (20/$ ($2;14< =/.'2$%$1 %$* *;$.'5&*01&40.*17.'- =&' E*%'$4 -&5414':64:'$'*$.5%$'-$%2$%$21$114'&4$50$*0.'5&*01&40.*$'*$<7.'&416&($ $4*954$'*4(022$%$&7=/.'%&*%011$1$2/14;'$*%$5':++$'(9'2$%$1>D$44$/0216$ 0 7.'2E*5$21$ &7 1&--$*=.2%*0*5$* -$22$- %$ 1$2/14;'$*%$ &'($)%15':++$'< =$':*%$' %$4 [email protected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rM 16&00&/,0-',/&00&,+&'();*&5(8.&:46(7&%(45.&<%&(26(:&*,'(7-*(80%6?(%&'@(26( %&5)25( /?( /&%45.&<%&5&0( '7-06&,@( %-5-6&5&,( 26( +20'52**&5&,( )25( 4'( 6;5&( &0( =4,,&0%&(-0%,4',()25(25640-,4'-20&01(.51%&()*&,'&(/&00&,+&5()25&'59++&5(4'(.*-7&( %-5-6&5&'@( ;0,+&5( 4'( 80%6?( 40,745( 26( &5( -++&(,95*-6'( 4/.-'-;,&"( A&'( 7-6'-6,'&(&5('5>6:&%"1((`Y&66&<FZZUMFFUa> ( D$**$-,%$&4&*16:$2$%$21$1-E1105$.+5&/$'.5-$%&'($)%$'$+,/02-$%&2 1&*%1;*205=$%066$6:**$7:*5$'$0$*%$@$*4'&201$'$4.'5&*01&40.*17.'->D$4$' $* -,%$ &4 2$%$ $*1 -$%&'($)%$'$ +,< %$' $5*$' 105 ($%'$ 402 %$* =0$'&'6016$.'5&*01&40.*17.'-< =/.' -&* 1.- 2$%$' $' $* &:4.'04$4< %$' %0'05$'$'.5 XZ
52 6.*4'.22$'$'-$%&'($)%$'*$`Y&66&FZZUMFFP7a>]*&*%$*4025&*5402%$4&4/E'$ 2$%$'.5 $* -,%$ 1.- 6&* &*4&5$1 &4 $5*$ 105 ($%'$ 402 %$* -$'$ %;*&-016$ D$*$'(&1$'$4+,$*'E66$&*4&5$21$'.-<&4*,'/026,'$*$$'+&11$*%$17-*(%&( D$**$ '.22$ 2E55$' $* -$'$ %;*&-016 :%7.2%$21$ &7 2$%$''.22$* $*% %$* -$'$ 14&4016$< 1.- 4$.'0 r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l $' (2$/$4 $* -$'$ 7'$-=$'16$*%$ 2$%$21$114'&4$50 0%&*16$.'5&*01&40.*$' 0 4&64-$%%$ E*%'$%$.'5&*01&40.*17.'-$'<6&*.51,&*16:$1:%7'&($5'$($45./$'*-$*4&204;>?%$**$ 1&--$*=E*5 6&* %$* &:4.'04E'$ 2$%$' :%5&*51+:*64 ($4'&54$1 :% 7'& %01@0+20*% /$4< =/.' %$' 1.-./$*7.' *E/*4 $' 7.6:1 +, &4 14;'$.5 '$5:2$'$ -$%&'($)%$'*$ `i$*1$* FZZXM OZZ7a> D$**$ 2$%$21$11402 (20/$' 1,2$%$1 -$'$.5 -$'$ 6'0401$'$4 0 %$4 -.%$'*$ &'($)%120/ -$% %$4 '$1:24&4< &4 -&*5$ 2$%$'$=&'16074$4402$*2$%$21$11402<%$'6&*($4'&54$1:%7'&+'.)$64% /$4 `i$*1$* FZZXM FWWa> D$4 ($4;%$' 1,2$%$1 &4 2$%$'$*1.+5&/$ 066$ 2E*5$'$ (9' ($14, 0 &4 14':64:'$'$ &'($)%$4 7.' -$%&'($)%$'*$<.5 %$'-$% :%%$2$5$'$.+5&/$' 402 %$-< -$* 0 14$%$4 +,/0'6$ %$-.5 +, %$* -,%$ 7, %$- 402 &4 4&5$ &*1/&' 7.' %$'$1 $5$4 &'($)%$> #$%&'($)%$'$* 5,' &241, 7'& &4 /E'$( 40,745,:47&0%& 0 7:*640.*1=0$'&'60$4 402 &4 /E'$ 40,745,'46&0%& 0 %$* X"
53 D$* *;$ 2$%$21$11402< 1.- *;$.'5&*01&40.*17.'-$' -:20559'< 6&* 1,2$%$1 1&--$*205*$1 -$% 5./$'*-$*4&204;L$*1 -.%$'*$ 14;'0* %$4 14;'0*5$* 16$' 5$**$- $* 7.'-*0*5 &7 -$%&'($)%$'*$1 =&*%20*517$24.5 %$'-$% %$'$1 7'0=$% `^$$%$ FZ"ZM UF7a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d0%$*%$20*5< 1&-&'($)%$.5 %$* *;$ &'($)%1.'5&*01$'0*5 6&* 1$1 1.- $4 '$1:24&4 =$'&7> d$% %$**$ 402+&1*0*5.+14,' %$' 1,2$%$1 *;$ 14'&4$50$' 0*%$*7.'.'5&*01&40.*$*< %$' &*1/&'20559' %$* $*6$24$ -$%&'($)%$'.5 59' /$%6.--$*%$ &*1/&'205 7.' $5$* 2$%$21$> B$%$21$ 0.'5&*01&40.*$' $' &241, 104:&40.*1($14$ '- &7 %$@$*4'&201$'0*5$* 6&* -$%&'($)%$'.5 2$%$' :%/062$ $4 0*4$'&640/4 2$%$'16&(< 1, 2$%$21$1+'.@$11$* 59'$1 /$%6.--$*%$ 7.' &22$ 0.'5&*01&40.*$*> ^/01 6.*4' ;'0* &%05=$% $' ($14$-4 &7 =0$'&'6016$.'5&*01&40.*114':64:'$'.5 2$%$21$1+'.@$11$'< %$' 7&14=.2%$' ($12:4*0*5$'*$ =.1 2$%$'$*< 6&* -&* =$'-$% 066$ 4&2$.- %$* 72$610(2$.5 /0%$*%$2$*%$-$%&'($)%$'$22$'.'5&*01&40.*> XF
54 16&($21$* &7 72$'$ 7'0=$%15'&%$' 7.' %$* $*6$24$ -$%&'($)%$'< /02 5&/*$.'5&*01&40.*$* I 1E'2054 -$% =$*(206 +, %$* 95$%$ 72$610(0204$4<.5 =$':*%$' /0%$*%$20*5< 1.- /02.+*,1 =$'&7> D$44$ /02 6:**$ 16&($ 5':*%2&5$4 7.'.+'$4=.2%$21$* &7 $* %;*& $610($2.'5&*01&40.*< %$' +, %$**$ -,%$ 7925$':%/0620*5$*01&-7:*%$4> XO
55 A <-/(=&>')K(2")"&(%"0.&(-%(".-*9%)>92).%" =$*=.2%1/01 V-=9)1 14:%0$ &7 AB ^:1$4.5 $5$* :*%$'195$21$ 7'& C';57.*%$*> D$'$74$' 7925$' $* 1&--$*205*0*5 &7 %$ 4. :*%$'195$21$'.5 $* 1&-2$4 %$26.*62:10.*> A+# ZE-)>29"<0E?="N.004%(-%(>"Q9%&>1.-(%)%*"" - Om medarbejderen i den transparente organisation og stress V-=9)1 :*%$'195$' 0 10* &'406$2< 1M&%45.&<%&5&0,(,>0*-66;5&*,&( -( %&0( '540,=45&0'&( ,4'-20g `V-=9) FZZUa< =/.'%&* &'604$64:'$* =&' ($4;%*0*5 7.' 2$%$21$*.5 -$%&'($)%$'*$ 0.'5&*01&40.*$* A.--:*$'*$1 B&*%17.'$*0*5< AB>?FZZF72;44$%$.'5&*01&40.*$*7'&d$14$'+.'4402VU(R8,&'+,?12&*%1Y';55$>?*%$*%$**$72;4*0*5=.2%4AB402072$'$-0*%'$(;5*0*5$'<%$'/&'0*%'$44$4-$% 2&*5$< 1-&22$ 5&*5$.5 $*6$24-&*%16.*4.'$'>? 6.*4'&14 =$'402 14,' %$4 *;$ AB ^:1I$*14.'52&1(;5*0*5-$%,(*$14.'':-16.*4.'$'<6&77$9$'<704*$11': $':-`V-=9)FZZUa> D$*&'604$64.*016$7.'-&7AB^:1$4$'6$*%$4$5*$4/$%1:+$'-.%$'*01-$<.5 %$ -&*5$ 52&1+&'40$' ($4;%$'< &4 -$%&'($)%$'*$ $' 1;*205$ 0 &22$ ': $*=/$' 40% `V-=9) FZZUM FPTa> V-=9)1 :*%$'195$21$ &7%E66$'< =/.'%&* %$* 7;1016$.+(;5*0*5 &7 AB ^:1$4 066$ (2.4 $' $4 &'604$64.*016 -$*.51, $4 2$%$21$1-E11054 %$105*> [,2$%$1 ($4'&54$1 %$ 7;1016$ '&--$' 1.- $* 14;'0*514$6*.2.50<%$'$'-$%($14$--$*%$7.'%$*1.@0&2$.+(;5*0*50AB^:1$4 `V-=9)FZZUMFPTa>S%5&*51+:*64$47.'V-=9)1&*&2;1$$'<&4=:*+,7.'=,*% 066$/$%<=/026$6.-+$4$*@$'<%$'16&24027.'&4&'($)%$0AB^:1$4<$22$'=/026$ (&''0$'$'$22$'-:205=$%$'&'604$64:'$*16&($'`V-=9)FZZUMFPWa> A+#+# J(&9-/(=&(-(%")"&(%"2-9%>:9-(%2(".-*9%)>92).%" AB ^:1$41 &'604$64.*016$ 2&*%16&( -:20559' *;$ 7.'-$' 7.' 2$%$21$ &7.'5&*01&40.*$*>D$'16$'$4(':%-$%<$22$'$*1/E66$21$&77:*640.*1=0$'&'60$4< =/.' 2$%$'$* :%14$%$'.'%'$'.5 :%%$2$5$'$'.+5&/$'< 1.- -$%&'($)%$'*$ ;2%$*%$16&2:%79'$> XU
56 D$* *;$ 2$%$21$17.'-< AB ^:1$4< 6&* 1&--$*205*$1 -$% 5./$'*-$*4&204;m$*1 -.%$'*$ 14;'0* %$4 14;'0*5$* 16$' 5$**$- $* 7.'-*0*5&7-$%&'($)%$'*$1=&*%20*517$24.5%$'-$%%$'$17'0=$%`D$&*FZZPM UTa>D$4($4;%$'%.5066$<&4=0$'&'60$4=$24*$%(';%$1>D$'0-.%$'14&44$1%$4&7 $4*;47'0=$%13$22$'*$4/E'61=0$'&'60<=/.'%$4&759'$*%$066$2E*5$'$&2$*$$' -$%&'($)%$'$* *5$22$':%%&**$21$<-$*.51,/$%6.--$*%$1$/*$402&4 :%*;44$%$-:205=$%$'< AB ^:1$ $' 402',%05=$% `V-=9) FZZUM FPT< i$*1$* FZZXMFWW77>a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`V-=9)FZZUMFTOa>?%$*4'&*1+&'$*4$.'5&*01&40.*$'%$'$4.-7&44$*%$6'&/402-$%&'($)%$'$*.- &4/E'$1;*205.5&41;*20559'$1051$2/>?*%'$4*0*5$*($4;%$'<&4-$%&'($)%$'$* &240%$'1;*2057.'6.22$5&$'*$1(2066$<.5%011$(2066$6&2%$'+,1;*20559'$21$.5 $*5&5$-$*4 `V-=9) FZZUM FRWa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d$%&4&*',($1051$2/1.-1:()$646&*-$%&'($)%$'$* XX
57 /E'$ -$% 402 &4 16&($.5 %$70*$'$ 10* '.22$ 1.- $* 7'0.5 &*1/&'14&5$*%$ -$%&'($)%$' `V-=9) FZZUM FRWa> [,2$%$1 $' -$%&'($)%$'$* 79'14 7'0< *,' /$%6.--$*%$&*',($'1051$2//0&$61+'$110/$/0'6$-0%2$'>?%$42:66$%$6.*4.' /&'7'0=$%1+'&61011$'1.-7>$61>+&:1$'.5:7.'-$21&-4&2$0=9)5'&%:1;*205$< -$* 0 %$* 4'&*1+&'$*4$.'5&*01&40.* $' %$ 1;*205$ 402 $*=/$' 40%<.5 %$ (20/$' 1,2$%$1 5$*14&*% 7.' 2$%$21$ `V-=9) FZZUM FTZa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`V-=9)FZZUMFT"a> D$* :1;*205$ -$%&'($)%$' (20/$' 066$ ($4'&54$4 1.- =&/$*%$ $4 '$72$610/4 7.'=.2% 402 7'0=$%< -$* 7.6:1$'$' 0 14$%$4 4;+016 +, 4&($4 &7 7;1016 7'0=$% 0 7.'(0*%$21$ -$%.-2E5*0*5$*< %$ 7.'14;''$*%$.-50/$21$'*$.5 792$21$* &7 6.*14&*4&4/E'$./$'/,5$4>D$*g:1;*205$g-$%&'($)%$'<%$'10%%$'7.'-$5$4 (&516'0/$(.'%$4.+7&44$1&7%$0*4$'/0$G$%$1.-$*<%$'066$4&5$'&*1/&'7.' $5$*:%/0620*5`V-=9)FZZUMFRRa>8.'&4(20/$.+7&44$4&7.-/$'%$*$*1.-7'0< 6.-+$4$*4.5 &*1/&'14&5$*%$ -, -$%&'($)%$'$* 6.*14&*4 ($*;44$ 105 &7 %$ $61+'$110/$ /0'6$-0%2$'< =/.'-$% /$%6.--$*%$ 1;*20559'$1> D$4 ($4;%$' %.5 066$ *9%/$*%05/01< &4 -$%&'($)%$'$* 0*%4&5$' $* *;.5 &*1/&'14&5$*%$ '.22$ `V-=9) FZZUM FRRa> D$4 &4 7-,& $*5&5$-$*4 $' +, %$* -.%$'*$< +'.)$64.'0$*4$'$%$ &'($)%1+2&%1 205$ 1, / &4 /E'$ $*5&5$'$4< 07925$ i$*1$*`i$*1$*fzzxmozfa> ]* -,%$< =/.'+, -$%&'($)%$'$* 6&* 4&5$ &*1/&'< $' 5$**$- %$* $61+'$110/$ =&*%20*5 $22$' 4$6*06< V-=9) 6&2%$' g&4 4&5$ $* ':*%$ 0 ^:1$4g `V-=9) FZZUM FRPa> D$4&'604$64.*016$ 2&*%16&( 50/$' 066$(2.4 7;1016($/E5$21$17'0=$%<-$*.51,-:205=$%$*7.'&4g/0%$*%$2$g>?7.'(0*%$21$-$%%$4&4g4&5$$*':*%$g16&2 XP
58 /0%$*%$20*57.'14,11.--$'$$*%(2.4&4%$2$7&5205/0%$*>gV44&5$$*':*%$g$'.51, $* -,%$ &4 -.(0201$'$ *$4/E'6.5 *;$ +'.)$64$' +, I $* -,%$ =/.'+, -$%&'($)%$'$* 6&* 01@$*$1E44$ 105 1$2/ 1.- /0%$*1'$11.:'@$ 0.'5&*01&40.*$* `V-=9)FZZUMFRPa>V4g4&5$$*':*%$g6&*1$11.-$*4$6* $4:%4';67.' %$' 6'E/$1 &7 -$%&'($)%$'*$ `i$*1$* FZZXM OZOa> D$4 $' $* 4$6*06<-$%&'($)%$'$*6&*&*/$*%$0%$*6.*14&*4$:%/0620*5&7+$'1.*205$.5 7&5205$ 6.-+$4$*@$'< =/026$4 $' $4 6'&/ 7'& $*.'5&*01&40.* 0 7.'&*%'0*5> D$**$ 7.'- 7.' g/0%$*%$20*5g 7.'$5,'.51, 0 7>$61> 6&*40*$*> Q, %$4 2:66$%$6.*4.'/&'+&:1$'*$$4&7('E60&'($)%1%&5$*>?%$**;$<4'&*1+&'$*4$.'5&*01&40.* &*/$*%$1.51, +&:1$'*$ 0 6&*40*$* 402 /0%$*%$20* < &4 %$* $*6$24$-$%&'($)%$' 6&* g1e25$g 10*$ +'.)$64$' `V-=9) FZZUM FRWa> D$44$ 6&*.51,1$11.-$*6.*1$6/$*1&7+'.)$641&-7:*%$4<=/.'&'($)%1.+5&/$'*$(E'$' +'E5&7$*6$2414,$*%$+'.)$64$'>D$*$*6$24$-$%&'($)%$'16&2/E'$$*5&5$'$40 %$405&*5/E'$*%$+'.)$64<-$*-,1&-40%05=$2$40%$*/E'$+,:%605$74$'%$4 *E14$.5 7.'195$ &4 6.--:*06$'$ 10* $5$* 1:@@$1 -$% 40%205$'$ +'.)$64$' `i$*1$*fzzxmozoa> A+#+5 J4')*("8.%>(8K(%>(-"1.-"0(&9-/(=&(-(%"?%$4-.%$'*$+'.)$641&-7:*%$'%$'*.52$7.'/$*4*0*5$'402-$%&'($)%$'*$.- +$'1.* &5205 :%/0620*5< 1$2/2$%$21$.5 &*1/&'14&5$*< $*5&5$-$*4< *$4/E'61-.(0201$'0*5.5 /0%$*%$20*5 `i$*1$* FZZXM OZFa> D011$ 6'&/ 402 -$%&'($)%$'$*6&*.51,0%$*4070@$'$10V-=9)1:*%$'195$21$<-$*$'=$'6.(2$4 402%$*6.*14&*4$1;*205=$%0%$,(*$6.*4.'$'>^:*0%$*4070@$'$'1,2$%$14.4;+$' -$%&'($)%$'$h %$* 1;*205$.5 %$* :1;*205$ `V-=9) FZZUa> D$* 1;*205$ 4;+$ $' %$* 2$5040-$< &640/$.5 $*$'507:2%$ -$%&'($)%$'> #$%&'($)%$'$* $' :%&%/$*%4.5 7.'14,' &4 :%*;44$ %$ -:205=$%$' 7.' 1;*20559'$21$ AB ^:1$4 402(;%$' I /$% $61$-+$2/01 &4 g5, $* ':*%$g< /0%$*%$2$ 0 6&*40*$*< 2$5$ -$% (9'*$*$ 0 2$5$':--$4.1/>> D$**$ 4;+$ -$%&'($)%$' -$% $* -$5$4 :%&%/$*%4 &%7E'% ($4'&54$1&7%$0*4$'/0$G$%$1.-$*<%$'$'&*1/&'14&5$*%$.51$2/2$%$*%$ $'&4:%/062$1051$2/(,%$7& $'1.*2054`V-=9)FZZUa> D$* &*%$* -$%&'($)%$'4;+$< %$* :1;*205$< $' -$'$ 14022$.5 0*%&%/$*%4> d$%6.--$*%$ 7.'14,' 066$ &4 :%*;44$ %$4 &'604$64.*016$ 2&*%16&( 402 &4 1;*20559'$ 105 1$2/< -$* 7.6:1$'$' -$'$ +, %$ ($5'E*1*0*5$' 0 %$* 7;1016$ XR
59 7'0=$%<.-2E5*0*5$* 402,(*$ 6.*4.'$' -$%79'$'> D$**$ 4;+$ -$%&'($)%$' ($4'&54$ $5040-&7%$0*4$'/0$G$%$.51.-$*<%$'=&'($=./7.'14944$> D$ 1$' %$* :1;*205$ -$%&'($)%$' 1.- $*< %$' 066$ =&' 7.'-,$4 &4 (';%$ :% &7 7:*640.*1=0$'&'60$4.51$2/4&5$&*1/&'$47.'$5$*2$%$21$.5:%/0620*5`V-=9) 402&46.(2$:%&%/$*%4=$%-$%72$610(0204$4.50*%&%/$*%4=$%-$%0--.(0204$4> D$4 -, *9%/$*%05/01 ($4;%$< &4 -$%&'($)%$'$* 066$ 2E*5$'$ (2.4 /:'%$'$1 +, +$'1.*205$ /05405$ 7.' &4 6:**$ 6.(2$ 105 +, *;$ +'.)$64$'`i$*1$*FZZXMOZOa<205$1.--&*-,6.--:*06$'$104$*5&5$-$*40.'5&*01&40.*$*7.'&4(20/$($4'&54$41.-&*1/&'14&5$*%$.51$2/2$%$*%$> A.(20*5$*-$22$--$%&'($)%$'$*1;%'$7'$-4.*0*5.50*%'$/E'%0$'6&*.51, ($4;%$< &4 %$' 066$ 2E*5$'$ $' +2&%1 402 %$* -$'$ 0*%&%/$*%4$ -$%&'($)%$'> `i$*1$* FZZXM OZOa> V-=9) 0 %$**$ 1&--$*=E*5< %$4 -&* 6&* 6&2%$$42$%$21$1-E11054+&'&%.61M :40%*-06@(,2/( *&%&5&0( +40( +20'52**&5&( B26( %&5/&%(,>0*-66;5&D( 8%&0( ((((((((BX/:;<(YYZ[(\]D" D$7;1016$'&--$'0AB^:1$42E55$'.+402<&4-$%&'($)%$'*$1;*20559'1051$2/< -$* 2$%$'$* 6&* 066$ 6.*4'.22$'$ %$**$ 1;*205=$% :%$* &4 9%$2E55$ -$%&'($)%$'$*1 1$2/2$%$21$1+'.)$64< %& %$44$ *$4.+ &7=E*5$' &7 -$%&'($)%$'$*1 &'($)%$ -$% 105 1$2/> [,2$%$1 6&* %$' ($4'&54$1 $ $ 0 2$%$'$*1 '.22$ 0 '$4*0*5 -.% $* g5:0%$g> D$44$ 6&* $61$-+$2/01 ($4'&54$1 0 7.'(0*%$21$-$%%$.(205&4.'016$-$%&'($)%$':%/0620*511&-4&2$'`#S[a-$22$- 2$%$'.5-$%&'($)%$'`V-=9)FZZUMFRZa>^$'$'%$4-$14$*%$21-$%&'($)%$'$*< %$' 16& $-,2.5 14'&4$50$' 7.' $5$*:%/0620*5<.5 1$*$'$ $/&2:$'$%011$> B$%$'$*1.+5&/$ $' &4 7&@0204$'$ -$%&'($)%$'$*1 &'($)%$ -$%.5 '$72$610.*$' XT
60 ./$'1051$2/>^/01$*-$%&'($)%$'$':1066$'/$%%$*6.*14&*4$1;*205=$%0AB ^:1$4< $' %$4 2$%$21$*1.+5&/$ &4 402(;%$ *.52$ 4$6*066$'< 1.- -$%&'($)%$'$* 6&* &*/$*%$ 402 &4./$'6.--$ :1066$'=$%$*> d$% &4 :%+$5$ -$%&'($)%$'$*1 :1066$'=$%-$%%$*6.*14&*4$1;*205=$%1.-$*7$)2/$%%$*$*6$24$<$'%$44$ -$22$- %$* ;%'$ 1;*205=$%.5 %$ 0*%'$ /E'%0$'> [,2$%$1 /02 -&*52$*%$ 1066$'=$%-$%&4/E'$1;*2057.'41&4(20/$1$41.-$4+'.(2$-<1.-%$*$*6$24$ -$%&'($)%$'11$2/-,&'($)%$-$%1051$2/7.'&4291$> A'&/$4.- 72$610(0204$ *51+&'&4=$% 6&*.51, =&/$ &*%'$ $*-.%14'&4$500-.%14;'0*51-,%$*`i$*1$*FZZXMOZPa>i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`i$*1$*FZZXMOZP7>a> ^/01/0($4'&54$'14'$110%$44$2;1<1;*$1%$4&4=E*5$1&--$*-$%%$6'&/.- 72$610(0204$4.57.'&*%'0*5< $1402(,%$.'5&*01&40.*$'<2$%$'$.5 -$%&'($)%$'$0%$4-.%$'*$1&-7:*%<=/.'&'($)%$4&*4&5$'6&'&64$'&7$* 'E66$$*6$24+'.)$64$'> XW
61 A+3 F-7*1.%&(%"(2"M9>(>24&)(" - Om stress og arbejdslivskvalitet i det åbne kontor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`V-=9) FZZUa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`V-=9) FZZUa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g`C';57.*%$*1-(&FZ"FMR77>a<.5%$'$'1,2$%$1$* '$2&40/4 14.' 7& E*%/0%%$ 0 %$ +'.)$64$'< C';57.*%$* 14,' 0 1+0%1$* 7.'> Q'.)$64$'*$ %E66$' $61$-+$2/01 (,%$./$' $4 1&-&'($)%$ -$% A'0-0*&27.'1.'5$*07.'=.2%402'$1.@0&201$'0*5&70*%1&44$0%&*16$7E*512$'1&-4 6;1420/'$%*0*5/$%%$%&*16$(&%$14'&*%$`C';57.*%$*1-(&FZ"FMR77>a>D$4$' 0-0%2$'40%/054054&4+.0*4$'$<&4:&*1$4=/026$*'.22$C';57.*%$*0*%4&5$'0%011$ 4;+$' +'.)$64$'< 1, 1+022$' )25,+0-06@( &74*8&5-06( 26( +2//80-+4'-20 '.22$> S% &7 %$ "R &*1&44$< %$' :%59' C';57.*%$*< $' 149'14$%$2$* &6&%$-016 :%%&**$%$ -$%&'($)%$'$ -$% $* 7& *;4*0*5 402 $4 $22$' 72$'$ &7 %$ 79'*E/*4$6$'*$.-',%$'> P"
63 A+3+3 F-7*1.%&(%>"-40')*(".*"&(0.*-91)>8(".-*9%)>(-)%*" [.-79'*E/*4$'%$4*9%/$*%054&47.'14,<=/.'2$%$1&'($)%$4+,C';57.*%$*$'.'5&*01$'$4 ': ,/$2 1.- %$-.5'&7016< 0 7.'=.2% 402 =/026$ 4;+$' &7 -$%&'($)%$'$<%$'10%%$'+2&@$'$41&--$*>8.'&495$./$'16:$205=$%$*$'%$' :%&'($)%$4$*+2&*4$5*0*5&7C';57.*%$*1&'604$64.*016$'&--$'<1.-6&*1$1 +,$74$'7925$*%$10%$> Trygfonden består af to åbne kontormiljøer, hvori der henholdsvis er seks og otte medarbejdere, og som i hvert enkelt kontormiljø sidder i klynger af to-tre ansatte. Derudover er der et storrumskontor, hvori HK erne med tilknytning til Trygfonden sidder samt akademisk uddannede medarbejdere som jurister og HR-folk. De mindre åbne kontorer er afgrænset fra det øvrige kontorlandskab med en matteret glasvæg. Interviewdeltagerne i denne undersøgelse arbejder alle på det samme seksmandskontor men understregede imidlertid, at der finder stort samarbejde sted mellem særligt deres kontor og det andet kontor på den anden side af gangen, der hovedsageligt består af kommunikationsfolk samt to forskningsansvarlige. Det viste sig ligeledes gennem vores interviews, at det ellers ganske uformelle sofaarrangement mellem de to kontormiljøer spillede en væsentlig rolle i interviewpersonernes arbejdsdag i forhold til både faglige og private samtaler med kolleger, som de af flere årsager ikke følte, de kunne have inde på selve kontoret. Dette vil imidlertid blive diskuteret mere dybdegående senere i analysen i forhold til interviewpersonernes opfattelse af videndeling, og fordele og ulemper ved det at sidde mange sammen på et kontor. PF
64 Plantegning. Trygfonden Trygfonden direktør Fælleskøkken HK ere Kopirum Kommunikation + forskning Interviewdeltagerkontor Mødelokale Reception PO
65 Alle tre interviewpersoner arbejder til daglig under samme rumlige forudsætninger, og som de øvrige kolleger i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d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`Y02&5 F< (02&5 O< (02&5 Ua> D.5 1;*$1 1E'2054 k* 0*4$'/0$G+$'1.* &4 =E74$ 105 -$'$ /$% %$ *$5&40/$ &1+$64$' &7 &'($)%120/$4 0 7.'=.2% 402 /$%6.--$*%$1 0*4$'/0$G$%$ 6.22$5$'< $%$4 4&24$ -$5$4.- PU
66 7E22$116&(1792$21$*+,&'($)%1+2&%1$*.5/0%$*%$20*5>D$44$/&'.51,%$4$*$14$ 0*4$'/0$G< =/.' :2$-+$'*$ /$% &'($)%120/$4 0 %$4,(*$ 6.*4.' (2$/ *E/*4 1.- %$@0%$'$%$14'$11.'$'0=/$'%&5$*`Y02&5UMUZa>D011$+.0*4$'/02(20/$:%%;($4 -$'$5$**$-5,$*%$0%$47925$*%$&71*04> A+3+; C('K>27-)%*".*"9%>K9-"1.-"(*(2"9-/(=&(" D$ 1&-7:*%1-E1105$ 7.'&*%'0*5$'< i$*1$* *E/*$' 0 7.'(0*%$21$ -$% +'.)$64% /$4< =&' ($4;%$4< &4 %$' $' 16$4 $* ($/E5$21$ /E6 7'& %$* =0$'&'6016$ 2$%$21$17.'- -.% $* %$@$*4'&201$'0*5 &7.'5&*01&40.*$*1 :%/0620*51&*1/&' 402 -$%&'($)%$'*$ `i$*1$* FZZXM OZZa> D$**$ 4$*%$*1 1;*$1 205$2$%$1&4/E'$6$*%$4$5*$*%$7.'&'($)%120/$4+,C';57.*%$*<=/.'1&-4205$ 0*4$'/0$G+$'1.*$' :*%$'14'$5$'< &4 %$ *E14$* 7:2%6.--$*4 $' 0 14&*% 402 &4 14':64:'$'$ %$'$1 $5$* &'($)%1%&5.5 %$ +'.)$64$'< %$' &'($)%$1 +, `Y02&5 F< (02&5O<(02&5Ua>D.5*E/*$1%$4<&4=/$'%&5$*%$21$'1-0%.4++&,'>5&'1(`0(0%>a> D$4/02105$<&4=/$'%&5$*.51,+2&*2E55$1:%7'&%$-& %$'<%$'%:66$'.+ 0 $-&0230*%(&66$*> 8E22$1 7.' 0*4$'/0$G+$'1.*$'*$ $' 205$2$%$1< &4 %$ &22$ :%4';66$' $* 4027'$%1=$%./$' 1$2/ &4 6:**$ 402'$44$2E55$ %$'$1 =/$'%&5> ]* 0*4$'/0$G+$'1.*:%4';66$'%$41,2$%$1M 1(_`&6a("":45()4+'-,+(*406'(=?(45.&<%&(+40(/40(,-6&@(,?(%&'(%&5(/&%@(:7-,(%&5( &5( 026*&(,95*-6&( =&5-2%&5@( :725( /40(,+4*( *9,&( &**&5( +203&0'5&5&(,-6( 2/( 026&'@(4'(/40(,?(:45(%&0(/8*-6:&%()25(4'(45.&<%&(:<&//&)54"(A&'(.&'>%&5( 5-6'-6(/&6&'()25(/-6"1`Y02&5UMO"a> 82$610(0204$4$*< 1.- (,%$ [$**$44.5 i$*1$* ($4'&54$' 1.- 6$*%$4$5*$*%$ 7.' %$* -.%$'*$.'5&*01&40.* 0 +'.)$641&-7:*%$4 =&' -$%79'4 $4 95$4 7.6:1 +, -$%&'($)%$'$*1 +$'1.*205$ :%/0620*5.5 1$2/2$%$21$> V4 4&5$ $* =)$--$&'($)%1%&5 $' -$%&'($)%$'$*1 $5$* ($12:4*0*5.5 %$4 $' -$%&'($)%$'$*1$5$4&*1/&'&419'5$7.'<&4%$4+2&*2&54$&'($)%$(20/$':%79'4 `i$*1$*fzzxmozza>v-=9)+,+$5$'*$4.+<&4=)$--$&'($)%$4066$*9%/$*%05/01 :%7.'%'$' 1$2/2$%$21$1'$50-$4< -$* 1*&'$'$ '$+'.%:@$'$' %$4 `V-=9) FZZUM FTFa>?7925$V-=9)(20/$'=)$--$&'($)%$4=$'-$%$*;%$'205$'$-,%$<=/.'+, -$%&'($)%$'$* 6&* /01$< &4 /$%6.--$*%$ $' 1$2/14;'$*%$.5 &*1/&'14&5$*%$ PX
67 7.' $5$4 &'($)%$> V22$ 4'$ 0*4$'/0$G%$24&5$'$ +, C';57.*%$* 59' 1,2$%$1.51, (':5 &7 =)$--$&'($)%1%&5$ `Y02&5 F< (02&5 O< (02&5 Ua< 1E' *4$*10/$ +$'0.%$'< =/.' %$' 16&2 +'.%:@$'$1 *.5$4 6.*6'$4 14.7<.5 =/.' %$ %$'7.' =&' (':5 7.' &4 6:**$ 7.'%;($ 105 +, $* -,%$< %$ 066$ 792$' $' -:205 0 %$4,(*$ 6.*4.' +, &'($)%1+2&%1$*> ]* -$%&'($)%$' 7.'4E22$'.- ($4;%*0*5$* &7 =)$--$&'($)%1%&5$M 1A&'(:45(%&0(.&'>%0-06@(4'(%&'(6-7&5(<2(&0(:;<(654%(4)()*&+,-.-*-'&'(26(,'>5-06( 26( +20'52*@( 26( <&6( :45(.&:27( )25( %&0(,'>5-06( 26( +20'52*( -( )25:2*%( '-*( /-'( 45.&<%,*-7"( `&6(.5>%&5( /-6( -++&( 2/@( 4'( %&5( &5( 5&'( /406&( 40%5&@( %&5(,+4*(.&,'&//&( :74%( <&6(,+4*@( 26( :7250?5( <&6(,+4*"( O?( )25( /-6(.&'>%&5( %&0( %&5( )*&+,-.-*-'&'(5-6'-6'@(5-6'-6'@(5-6'-6'(/&6&'"""(X'(+800&('-*5&''&*966&(/-'(&6&'( 45.&<%&"1(`Y02&5FM""a ^)$--$&'($)%1%&5$*$ 6&* &241, 7.'14, $%6.*1404:$'$*%$ 7.' -$%&'($)%$'$*1.+2$/$21$&7&4/E'$$41$2/14E*%054=&*%2$*%$0*%0/0%<%$'$'0 6.*4'.2./$' $5$4 &'($)%$> ^)$--$&'($)%1%&5$*$ ($=9/$' 0-0%2$'40% 066$ &4 ($4;%$<&4-$%&'($)%$'*$066$$'1;*205$0%$'$1&'($)%$+,&'($)%1+2&%1$*>]* 0*4$'/0$G%$24&5$' 7.'4E22$'< =/.'%&* 6.22$5&$' 14&%05 $' 1;*205$ +, &'($)%1+2&%1$*<1$2/.-%$&'($)%$'=)$--$M 1W?5(_&0( +2**&64a( 45.&<%&5( :<&//&( -( %46""( W?@( /&0( :40( &5( -( :7&5'( )4*%( &025/'( 4+'-7( =?( /4-*&0"( X*',?( %&'( +40( 62%'( 795&( *-%'(,2/( &'(.&7-,( )25@( 4'( /40( 45.&<%&5( )4+'-,+( -++&( 8%&( -( :47&0( 7&*"( O?( )2*+( :45(,?%40( &0( -0%5&@( &'( &**&5(40%&'(/&%@(4'(/40(*-6&(,+4*(7-,&@(4'(/40(*47&5()4+'-,+(%&'@(/40(,-6&5@( /40(*47&5"1(`Y02&5UMUZa> Q, %$* -,%$ 6&* =)$--$&'($)%1%&5$* (20/$ (': $*%*: $* 1$2/4$6*06< %$' /01$'./$'7.' 6.22$5&$'*$< &4 /$%6.--$*%$ 4&5$' &*1/&' 7.' $5$4 &'($)%$ 1,/$21.-7.'7E22$116&($4<1$2/.-+$'1.*$*066$7;1016$'40214$%$+,6.*4.'$4 `V-=9)FZZUMFTFa> PP
68 D$':%./$' 7'$-=E/$1 =)$--$&'($)%1%&5$*$ =.1 0*4$'/0$G%$24&5$'*$ 1.- $* -:205=$% 7.' &4 7, 2&/$4 *.52$ &7 %$ 40*5< 1.- %$ 066$ 792$' $' -:205$ &4 7, 7E'%055).'4 +, &'($)%1+2&%1$*> ]* -$%&'($)%$' 7.'4E22$'< &4 =)$--$&'($)%1%&5$*$ (20/$' (':54< =/01 /$%6.--$*%$ 1""( 7-5+&*-6'(,+4*(,+5-7&( &**&5( %&5( +2//&5( 5&0%&0%&( 26( 7-*(,04++&"""g `Y02&5 FM ""a> ]* &*%$* -$%&'($)%$'5,'/0%$'$.57.'4E22$'M 2/( &'( &**&5( 40%&'"( E++&( )25%-( %&'( &5( %?5*-6'( =?( %&0( /?%&( :&**&5"( b7&5:27&%&'(-++&"(1(`y02&5umoxa?-0%2$'40% +.0*4$'$' 0*4$'/0$G%$24&5$'$* :-0%%$2(&'4 (&5$74$'< &4 %$44$ *$4.+.51, ($4;%$'< &4 %$' 1<2( +40( +2//&( &0( &**&5( %&5(.*-7&5( )25/-%*&'( &'( &**&5( -++&( )?5( :;5'"( O?( %&'( &5( <2( *-6&( 8*&/=&0( 7&%( %&'1( `0(0%>a> ^$'-$%:%4';66$'-$%&'($)%$'$**.5$4.-6'0*5%$*%.(($24=$%<%$'1;*$1&4 $61014$'$ 0 %$4 -.%$'*$ &'($)%120/ 0 %$4,(*$ 6.*4.' I *4$'/0$G%$24&5$'*$&22$ 1;*$1&4/E'$.+-E'61.--$ +, $61014$'$'> Q, k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
69 A+3+H 8E22$116&(1792$21$**E/*$11.-$*&7%$62&'$7.'%$2$/$%&'($)%$40%$4,(*$ 6.*4.' `(02&5 F< (02&5 Oa> ]* &7 0*4$'/0$G+$'1.*$'*$ =E74$' 105 1,2$%$1 /$% 7.'16$22$* 7'& =$*%$1 40%205$'$ &'($)%$< =/.' =/$' $*6$24 -$%&'($)%$' 1&% 7.' 2:66$%$%9'$<.5%$($16E7405$%$105-$%=/$'4%$'$1&'($)%1.-',%$<.5=/.' %$*&'604$64.*016$'&--$1,/$21.-1$2/$.'5&*01&40.*17.'-$*0*4$45).'%$7.' &4 16&($ $4 1)9**&,,+4.,/-*<;1.-6'0*5 &'($)%$4 `Y02&5 OM FOa>? %$**$ 1&--$*=E*540216'0/$1%$4,(*$6.*4.'0C';57.*%$*-$%%$414'&*1+&'$*1.5 1;*20559'$21$ &7 -$%&'($)%$'*$ $* /05405 %$2 &7 '.22$* I 1$2/.- 0*4$'/0$G+$'1.*$* %.5 +,+$5$'< &4 /$%6.--$*%$ 066$ &2$*$ 1$' %$4 1.- %$* [&--$ 0*4$'/0$G+$'1.* 4&2$' 1,2$%$1.51,.- 1( _Ca( 4'( %&5( &5( &0( /&6&'(,'25(?.&0:&%(26(,?%40@(09,'&0()4/-*-95'(+95*-6:&%@(-()25:2*%('-*(725&,(/-*<;"1`Y02&5OM FXa> D$' 1;*$1 &241, &4 $61014$'$ $4 /&' $50&24 1&--$*=.2%< %$' %E66$'./$' &4 6$*%$ 10*$ 6.22$5$' ($%'$.5 -$'$ +'0/&4 $*% +, $* -$'$ 2:66$4.5 :72$610($2 &'($)%1+2&%1> D$4 4E44$ 6.22$50&2$ 1&--$*=.2% 6&* 4E*6$1 &4 /E'$ -$% 402 &4 (0%'&5$ 402 $4 1:*%4 1.@0&24 &'($)%1-02)9< 1.- 0*%$*7.' 14'$117.'16*0*5$* *$4.+ (20/$' 7'$-=E/$4 1.- $* ($4;%*0*517:2% 7&64.' 0 7.'=.2% 402-0*0-$'0*5 &7 14'$ *72064$' 0 &'($)%120/$4 `Q&2:%&*3#:22$' FZZUM"PTa> 8E22$16&($4.5 1&-&'($)%$4 =&*%2$' %.5.51, 0 =9) 5'&%.- $* $*05=$%.5 $4 7E22$116&(.- %$4 /E'%01E4< %$' %&**$' 5':*%2&5$4 7.' C';57.*%$* 1.- /0'61.-=$%> D$4,(*$ 6.*4.' -$% %$41 1;*205=$%.5 7.6:1 +, 1&-&'($)%$.5 /0%$*%$20*51;*$1&4:*%$'(;55$%$44$>]*-$%&'($)%$':%4&2$'*$4.+M 1X*',?(7-(:45(&0()9**&,,+4.,);*&*,&@(:80%5&%&(=523&0'(,-++&5'@(2/+5-06(:74%( c5>6)20%&0(&5@(26(:74%(7-(,'?5()25"1(`y02&5fmpa PT
70 8E22$116&($41;*$1.51,&4=&*%2$.-&4/E'$7E22$1.-$*1&-2$4-,21E4*0*5< :%/0620*5 6&* /E'$ -$% 402 &4 (0%'&5$ 402 %$**$ `i$*1$* FZZXM FOOa> [,2$%$1 7.'4E22$'$*-$%&'($)%$'.-($4;%*0*5$*&7%$4&410%%$014.'':-16.*4.'$4/$% ($5;*%$21$* &7 =$*%$1 &*1E44$21$< 0 7.'=.2% 402 &4 (20/$ $* %$2 &7 %$4 7E22$1 /E'%01E4<%$'6.*1404:$'$'/0'61.-=$%$*M 1""( -( *;.&'( 4)( '5&( /?0&%&5( 745( <&6( <2(,-/=&*':&0( )8*%+2//&0'( 2=%4'&5&'@( 2==&( =?(.&4'&'( /&%( 4*'@( )25%-( <&6(,4%( 26( *>''&%&( 26( 745( :&*&( '-%&0( =?( 26( +800&(:;5&@(:74%(%&(40%5&()25&'26(,-6(_Ca(%&'(_745a(<2(&0(647&(4'()?""(A&'( %&5(/&%(4'""(4'(+&0%&(25640-,4'-20&0(,?(62%'(-(*;.&'(4)(,?(+25'('-%@()25%-(%&'( 745(<2(*-6&,2/(%&5@(%&'(:&*&()25&6-+1(`Y02&5FMWa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a(%&'(&5(,?%40(026&'@(%&'(<&6(:45(*95'(7&%(4'(:;5&"(_""a( %&'( &5( -++&( 026&'( /40( )?5( 4'( 7-%&@( 7&*( _""a( O?( 7-( :45( -++&( 026&0@( %&5( 80%&57-,&5(2,(-@(:725%40(/40(6;5@(%&'(*95&5(7-(<2(,&*7"1(`Y02&5OM"Ta> Q,%$*-,%$$'1&-&'($)%$4.-6'0*51&5$*.5%$47E22$1/E'%05':*%2&5<-$%402 &4 16&($ $4 7E22$116&(.-6'0*5 &'($)%$4< =/.' %$4,(*$ 6.*4.'1 4'&*1+&'$*1 1;*$1&4/E'$-$%402&47.'14E'6$%$44$>N/$*14,$*%$:%4&2$21$6&*0-0%2$'40%.51, 7.'14,1 1.- $4 $61$-+$2 +,< =/.'2$%$1 /0%$*%$20*5 70*%$' 14$% +, $* PW
71 -.%$'*$ &'($)%1+2&%1 1.- C';57.*%$*> D$4 =&*%2$' 066$ (2.4.- %0'$64$ 7.'=&*%20*5$'.-6'0*5 6.*6'$4$ 7&5205$ $-*$'< -$*.51, $* -$'$ %077:1 7.'- 7.' /0%$*%$20*5< %$' $' 7.'&*6'$4 0 7E22$116&($4.5 0%$$*.- $4 7E22$1 /E'%05':*%2&5> A+3+\ Y)&(%&(')%*" d0%$*%$20*5 7'$-=E/$1 &7 &22$ 0*4$'/0$G%$24&5$'$ 1.- $* /05405 %$2 &7 &'($)%120/$40C';57.*%$*>[.-%$46.'4$'*E/*4<1;*$1%$'&4/E'$4&2$.-<&4 /0%$*%$20*5 7.'$5,' +, 7.'16$2205$ *0/$&:$'> D$* $*$ 7.'- ($16'0/$' $* 0*7.'-&* %&'( %&5( /&%( 4'( :47&( )-06&5&0( =?( =8*,&01(.-6'0*5< =/&% %$' 7.'$5,'+,&'($)%1+2&%1$*.5=/&%&*%'$=&'5&*50&7+'.)$64$'<1.-$/$*4:$24 6:**$ =&/$ '$2$/&*1 7.' $*1 $5$4.-',%$ `Y02&5 OM FFa> V*%'$ 205*$*%$ ($4$5*$21$'.-=&*%2$'%$4&4/E'$12==&(=?(.&4'&'1(.512=%4'&5&'1`Y02&5FMWa> D$*&*%$*7.'-7.'/0%$*%$20*5=&*%2$'.--$'$1+$@0706<%;(%$5,$*%$7&5205 :%/$6120*5 -$22$- 6.22$5$'> ]* 0*4$'/0$G%$24&5$' :%4';66$' 0-0%2$'40%< &4 %$* %;(%$5,$*%$/0%$*%$20*57.'1,/0%4-: $4&5$106.*4.'$4<=/.'%$46&* /E'$4025$*$7.'&*%'$<%&%$46&*($4;%$&7(';%$21$'&7%$'$1&'($)%$<-$*&4 %$ =./$%1&5$ $)$' &4 4'E66$ :% 0 1.7&&''&*5$-$*4$4 $22$' 0-9%$2.6&2$4 `Y02&5OMFFa> D$44$ 7.6:1 +, /0%$*%$20*5.5 1&-&'($)%$ +, %$* -.%$'*$ &'($)%1+2&%1 ($4;%$'<&46.--:*06&40.*$*.5%$1.@0&2$6.-+$4$*@$'(20/$'$*/05405$'$%$2 &7 &'($)%$4 `i$*1$* FZZXM OZZa> D$44$ 14022$' *.52$ 6'&/ 402 -$%&'($)%$'*$< =/.'/$%%$4(20/$'$**9%/$*%056.-+$4$*@$&46:**$7:*5$'$01&--$*=E*5 -$%&*%'$-$**$16$'<&46:**$/E'$g.++$+,($&4$4g.5g.+%&4$'$4g>D.5-, /$%6.--$*%$1&-40%05/E'$014&*%402&42:66$&7<*,'%$'16&27.6:1$'$1+,$4 1+$@ ;66$ &'($)%$< &2 7E'%0559'$1> [,2$%$1 =&*%2$' &'($)%$4 066$ 2E*5$'$ ( &5205$ 6.-+$4$*@$' `i$*1$* FZZXM OZOa> ]/*$* 402 &4 %$2 &7 &'($)%$4 0 %$* -.%$'*$.'5&*01&40.* `V-=9) FZZUM FTF< i$*1$* FZZXM OZOa< 1.- -&* *$4.+.51, 6&* 1$ C';57.*%$* 1.- :%4';6 7.'> D$**$ RZ
72 .'5&*01&40.*17.'-14022$'&241,$*'E66$6'&/402%$$*6$24$-$%&'($)%$'$<1.- %$4$'%$'$1$5$4&*1/&'&42E'$&4*&/05$'$0> A+3+] O*(2"9%>K9-"92"84%%("%9K)*(-(")"9-/(=&>')K(2"?V-=9)1:*%$'195$21$:%4';64$$*&7%$0*4$'/0$G$%$<&4&'($)%120/$40AB^:1$4 /&' (2$/$4 -$'$ ,+ $74$'.-2E5*0*5$* 402 %$4,(*$ 6.*4.'> ]* 205*$*%$ ($4'&54*0*5 59' 105 5E2%$*%$ =.1 $* -$%&'($)%$' 0 C';57.*%$*< 1.- 4&2$'.- &'($)%1+2&%1$* 1.-( 1&0( )*>%&0%&( ,/&1 `Y02&5 FM Ta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`Y02&5 UM UZa> #$%&'($)%$'$* +.0*4$'$'.51,< &4 =)$--$&'($)%1%&5$*$ 7.' =$*%$ 6:* 6&* 6.-+$*1$'$ 0 *.5$* 5'&%> N- =)$--$&'($)%1%&5$*$:%4&2$'=:*M 1Q25( %&'( &5( <2( -++&( )4,'&( 45.&<%,%46&@( -( 26( /&%( 4'( %&'( &5( :<&//&45.&<%,%46&@(26(/40(+40(<2(:&**&5(-++&(6;5&(%&'(-()*906@()25%-(%&'(.*-7&5(,&*7);*6&*-6(26,?(.&/95+&'"(A&'(&5(<2(-++&@()25%-()2*+(-++&('525(=?@(4'( /40(6;5(%&'(@(/&0()2*+(+40(<2(-(=5-03-==&'(6;5&(:74%(,2/(:&*,'@(0?5(%&(&5( %&5:<&//&1(`Y02&5UMUZa D$4 $' /054054< &4 +.0*4$'$< &4 %$4 &4 7.'%;($ :66$ &7 -$*1 -&* $' +, &'($)%$< 066$ 1;*$1 &4 (20/$ ($4'&54$ $ (2&*%4 -$%&'($)%$'*$ +, C';57.*%$*<+,1&--$-,%$1.-%$4$'4027E2%$40AB^:1$4>[,2$%$1:%4&2$'&22$ R"
73 0*4$'/0$G+$'1.*$'<&4%$4(20/$'($4'&54$41.-=$240.'%$*<&42:66$&7<*,'-&* 16&2 7.'%;($ $* &'($)%1.+5&/$>?-0%2$'40% 6&* -$%&'($)%$'$*1 :%4&2$21$./$*7.' 7.'14, < &4 %$' $' $* 5'E*1$ `.-$*% %$* $' :%$70*$'$4a 7.' 0 =/026$4.-7&*5<-&*6&*2:66$1050*%$010*$5$*/$'%$*I:%$*&4/0%$*%$2$.5 1&-&'($)%$&640/4>?7.'=.2%402&46:**$4&@62$%$*$5&40/$10%$'&7%$*.'5&*01&40.*17.'-<1.-59' 105 5E2%$*%$ 0 C';57.*%$*<:%4';66$' 0*4$'/0$G+$'1.*$'*$+,7.'16$2205/01<&4 1.@0&2$6.-+$4$*@$'1+022$'$*@$*4'&2'.22$7.'&46:**$($5,1050&'($)%120/$4> ]*-$%&'($)%$'4&2$'1,2$%$1.-g1$2/0*%1054g1.-$**9%/$*%056.-+$4$*@$0 %$4,(*$6.*4.'`Y02&5FMR7>a>V*%'$7.'4E22$'.-<&4-&*16&26:**$=,*%4$'$ %$4<&4%$'$'1/406&(-0%'5>+(=?(&0(6406@(,?(/40(,+4*(-++&(.*-7&(,'5&,,&'(4)(%&'(&**&5( )58,'5&5&'( 27&5@( 4'( 08( 5-06&5( '&*&)20&0@( &**&5( 4'( %&5( +2//&5( 026*&( -0%( -( 58//&'@( &**&5(%&5(&5(026*&@(%&5(*-6&(,04++&5(:&0(27&5(,+5-7&.25%&0&@1(`Y02&5UMOXa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
74 A+5 <1>'422(%&(".0"N.004%(-%(>"Q9%&>1.-(%)%*".*"F-7*1.%&(%" [.-*E/*440%205$'$<$'%$'$*'E66$+.0*4$'<%$'1;*$1&4/E'$5$**$-5,$*%$ 7.' (,%$ V-=9)1 14:%0$ &7 AB ^:1$4 1,/$2 1.- /.'$1 &7 -$%&'($)%$'$*1.+2$/$21$ &7 &'($)%120/$4 0 C';57.*%$*> [,2$%$1 4;%$' +,< &4 -$%&'($)%$'$*1 1.@0&2$ 6.-+$4$*@$' $' ($4;%*0*5 7.'< =/.'2$%$1/$%6.--$*%$7.'-,'&4:%*;44$$22$'*&/05$'$0%$6'&/`$5*$1.- &*%'$1a< 1.- %$* -.%$'*$.'5&*01&40.*17.'- -$% 7.6:1 +, /0%$*%$20*5< 1&-&'($)%$.5 1;*20559'$21$ 14022$' %$* $*6$24$> ]* -$%&'($)%$' 0 C';57.*%$* :%4&2$'4021+9'51-,2$4.-<=/.'/0%4=:*=&'-,44$E*%'$ $%&'($)%$' $74$'=:*(2$/&*1&40C';57.*%$*<&4=:*792$'<=:*$'(2$/$4-$'$g,($*g`Y02&5 OM "FXa> b$4.+,($*=$%.5 :%&%/$*%4=$% $'.51, $* 6.-+$4$*@$< %$' 7'$-=E/$11.-*9%/$*%057.'&46:**$($5,1050%$4,(*$6.*4.'07925$V-=9) `V-=9)FZZUa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k4&4($*;44$=9'$+'.++$'0$*+$'0.%$<6&**$4.+.51,7.'14,11.-$*-,%$< =/.'+,-&*:%14',2$'1$2/14;'0*5.5&*1/&'14&5$*7.'$5$4&'($)%$./$'7.'10*$.-50/$21$'>?-0%2$'40% $' %$4.51, 62&'4< 205$1.- $* -$%&'($)%$' +.0*4$'$'< &4 -&* ). =$22$' 066$ 7:2%6.--$*4 6&* 2:66$ 105 :%$ &7 7E22$116&($4 /$% $61$-+$2/017.'-&*5$=)$--$&'($)%1%&5$`Y02&5UMUZa>D$'$'-$%&*%'$.'% 4&2$.- $*.+(29%*0*5 &7 %$* -$'$ $614'$-$ &'($)%16:24:'< 1.- V-=9) 6&'&64$'01$'$'0AB^:1$4> RO
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b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i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i$*1$*1 4$.'0 &*4&5$1 %$4 $*%/0%$'$< &4 &'($)%$41 6'&/ 402 %$* $*6$24$ &%16022$' 1057'&+'0/&420/$41<=$':*%$'1E'20547&-020$20/$41>S%7'&%$44$:*%$'195$1%$4< =/.'%&* %$**$ :./$'$*114$--$21$ -$22$- &'($)%13.5 +'0/&417E'$*1 /E'%0$' 4&5$ :%5&*51+:*64 0 :*%$'195$21$* &7 0*5$*09'$'*$1 &'($)%1/026,' 1&-4 0*4$'/0$G1 -$% -$%&'($)%$'$ 7'& C';57.*%$*< =/026$4 ($*;44$1 1.- $-+0'016 7:*%&-$*47.'%016:110.*&74$.'0$'*$&7[$**$44.5i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`i$*1$* FZZXM OZFa> D.5 6&* %011$ 6'&/.51, 1$1 1.- :%4';6 7.' %$ 6.'41054$%$ -,2< %$' $' %.-0*$'$*%$ 0 %$4 -.%$'*$ &'($)%120/> [.- i$*1$* ($16'0/$' %$* +25'745-6:&% %$' +'E5$' %$4 -.%$'*$ &'($)%120/.5 +'.)$64-$*4&204$4$*M 1X'( 795&( -( &'( =52<&+'( +597&5( 02+( &0646&/&0'@( /&0( -++&(,?( /&6&'()25%>.&*,&@(4'(/40(/-,'&5(;<&()25@(4'(/40(,045'(BCD(,+4*(7-%&5&('-*(&'(40%&'( =52<&+'"1(`i$*1$*FZZXMOZFa RP
78 b,' &'($)%$4 (20/$' $* 2&*5 'E66$ &7 $*6$24(0*%0*5$'.5 +'.)$64$'< $' 7.'&*%'0*5$* %$4 $*$14$ 6.*14&*4$> Q'.)$64-$*4&204$4$* $' 1,2$%$1 +'E5$4 &7 6.'41054$%$ -,2.5 /E'%0$'< =/026$ $ [$**$44 14,' 0 -.%1E4*0* '0/&420/$4< 1.- $' +'E5$4 &7 -$'$ 2&*51054$%$ -,2> [E' '(0*%$21$ -$% 7&-020$20/$4.5 7.'E2%'$'.22$* $' /E'%0$' &(0204$4< +,20%$205=$%.5 7&14$ '&--$' /05405$ `[$**$44 "WWWM FUa>? %$4 -.%$'*$ +'.)$641&-7:*% 6&* /0 1,2$%$1 0%$*4070@$'$ $*:./$'$*114$--$21$-$22$-&'($)%120/$4.5 7&-020$20/$41 /E'%0$'.5-,%$'&4+2&*2E55$+,> H+#+# N.%>(8K(%>"91":-.=(82(2>"4&/-(&('>("?7925$i$*1$*-$%79'$'%$44$<&4&'($)%117E'$*0+'.)$641&-7:*%$41-$24$' 1&--$*-$%+'0/&417E'$*M1H52<&+'&'(.*-7&5(&0(+404*@(:725-(=5-74',)95&0(26( 45.&<%,,)95&0(+40(*;.&(27&5(-(:-040%&0"1(`i$*1$*FZZXMOZFa> V'($)%120/$41 6.'41054$%$ +'.)$64-$*4&204$4 ('$%$' &22$ -$%&'($)%$'$*1 1.@0&2$ '$2&40.*$'< =/026$4 6&* 7, 6.*1$6/$*1$' 7.' %$* *9%/$*%05$ (&2&*@$ -$22$- &'($)%$.5 7&-020$> D$44$ =&' 07925$ i$*1$* *1$6/$*1 &4 (,*% 402 7&-020$<14$%$'.51.@0&2$'$2&40.*$'(20/$'($1/E'205$`i$*1$*FZZXMOZUa> [$**$44&*$'6$*%$'<&4:%('$%$21$*&7%$*+'.)$64.'0$*4$'$%$&'($)%1-$*4&204$ &-020$20/$4 0 %&5 =&' ($4;%*0*5 7.' 0*%0/0%$4> ^&* -$*$' %.5 066$< &4 :./$'$*114$--$21$* -$22$- &'($)%120/$4.5 7&-020$20/$4 6&* /&'$ /$%< 0%$4 %$ 2&*51054$%$ /E'%0$' $' ($/E55':*%$* (&5< &4 -$**$16$' ($6;-'$' =0*&*%$*`[$**$44"WWWMFUa>D&%$1.@0&2$'$2&40.*$'.52&*51054$%$7&-020$-,2 $' (E'$*%$ 7.' %$4 1.@0&2$< /02 6.*1$6/$*1$* $74$' =&*1 -$*0*5 /E'$< &4 +'.)$641&-7:*%$4 :*%$'5'&/$1< %& %$4 066$ 0 2E*5%$* 6&*.+'$4=.2%$ 10* 2$ $4 `[$**$44 "WWWM FUa>? 2E*5%$* /02 %$' &241, 16$ $* E*%'0*5 0 1&-7:*%$4< 1,2$%$1 &4 %$' 066$ $' 6.* $22$- &'($)%$41.'5&*01$'0*5.5 7&-020$20/$4> [$**$44.5 i$*1$* =&' &241, 5':*%2E55$*%$ 4. 7.'16$2205$ 1;* +,< =/026$ 6.*1$6/$*1$' %$4 =&' &4 &'($)%$41 6.'41054$%$ -,2.5 7&-020$20/$41 2&*51054$%$ -,2 14,' 0 -.%1E4*0*5 402 =0*&*%$*> i$*1$* +,14,'< &4 %$* 6.'41054$%$ +'.)$64-$*4&204$4 *:.5 0 7'$-40%$* 7.'41&4 / *01$'$ +'0/&417E'$*< 1, 6.'4/&'05=$%$*:%('$%$1402&22$'$2&40.*$'`i$*1$*FZZXMa>[$**$44&*$'6$*%$'< &4:%/0620*5$*205$*:5,'0'$4*0*5$*&7-$'$72$610(0204$4<-$*=&*7.':%1$'<&4 RR
79 %$**$:%/0620*5+,$440%1+:*64-,/$*%$<%&7&-020$20/$41/E'%0$'$'(E'$*%$ 7.' %$4 1&-7:*%<.5 %$'7.' 066$ (2.4 6&*./$'4&5$1.5 $'14&44$1 &7 $* 'E66$6.'4/&'05$+'.)$64$'.5$*6$24(0*%0*5$'`[$**$44"WWWMFUa>? %$* 7.'(0*%$21$ /02 /0 ($4'&54$< =/.'%&* %$4./$'.'%*$%$ 6'&/ 402 -$%&'($)%$'$*.-72$610(0204$46&*1$11.-$4:%4';67.'<&4+'.)$64-$*4&204$4$* ('$%$' '0/&417E'$*<1,%&*1.-i$*1$*=E/%$'>V'($)%1.+5&/$'*$&*4&5$' 0 14&% $*%$ 5'&% 6&'&64$' &7 $*6$24.+5&/$'.5 +'.)$64$' `i$*1$* FZZXM OZFa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`YVc8NAVFZZTM""a>D$44$$'+'.(2$-&4016<0%$44027E2%$&4%$'066$$'*.5$* 4;%$205 5'E*1$ 7.'< =/&% %$' 7&2%$' 0*% :*%$' %$* $*6$24$1 &'($)%1.-',%$> [,2$%$1-,-$%&'($)%$'$*1$2/%$70*$'$10*'.22$.5:%/062$10*$6.-+$4$*@$'> D$-&*52$*%$'&--$'6&*01051$2/($4'&54$11.-$*14'$117&64.'0&'($)%120/$4 `YVc 8NAV FZZTM ""a> 8.' *.52$ 6&* %$4 ($4;%$ &4 %$ +,4&5$' ' -$5$4 &*1/&' *1$6/$*1=$'&77,'14022$41,=9)$-, $2/<&4%$(20/$' *E'-$14:-:205$&4.+7;2%$> [$2/.--$%&'($)%$'$*0=9)5'&%1$2/6&*+2&*2E55$10*=/$'%&5<$'%$4%.5066$ :&2-0*%$2054 &4 $* %$2 &7 &'($)%$4 $' g0*%(&66$14;'$4g< 1.- $* &7 0*4$'/0$G+$'1.*$'*$($4$5*$'%$4`Y02&5OMO"a>[,2$%$1$'+'.)$64&'($)%$41.- RT
80 .74$14.51, ($40*5$4 &7 :7.':%105$205$ &'($)%1.+5&/$' :%$7'&> D$**$ :7.':%105$205=$%6&*($4;%$<&4%$4+2&*2&54$&'($)%$066$*,1<-,:%16;%$1I $22$' $/$*4:$24 =$*2E55$1 402./$'&'($)%$ %$'=)$--$> D$'7.' 6&* %$ :7.':%105$205$&'($)%1.+5&/$'.51,/E'$$*14'$117&64.'<%.51E' '=.2%402 7&-020$20/$4`QB[c&-(922#&*&5$-$*4FZZFMPa>]*-$%&'($)%$'7'&C';57.*%$* 7.'4E22$'M 1M&0( 026*&( 6406&( +40( /40( 4'( %&'( &5( :74%( +2//&5( %&5( *-6&( 4)( )25&,=;56,*&5( 26( 4*'( /8*-6'( /40( *-6&(,+4*( *-6&( /40( :47%&( 5&60&'( 4'( /40(,+8**&( *47&( %&0( )25%-( %&5( +2//&5(&'(&**&5(40%&'(2,7"(O?(,?%40(&5(%&'(<2"1`Y02&5OMO"a D$* 95$%$ 72$610(0204$4 6&*.51, '$1:24$'$ 0 -$'$./$'&'($)%$< $*4$* 7.'%0 &'($)%1(;'%$* 6'E/$' %$4< 7.'%0 %$* $*6$24$1 7.'/$*4*0*5$' $2/ $' 7.' =9)$ $22$' 7.'%0 %$' $' $* g./$'&'($)%16:24:'g +, &'($)%1+2&%1$* `QB[ c&-(922 #&*&5$-$*4FZZFMOa>N/$'&'($)%$$'5$*$'$24$*($4;%$20514'$117&64.'>^$'$' %$4 %.5 0*4$'$11&*4< &4 -.40/&40.*$* =&' $* 14.' ($4;%*0*5< =/026$4 /02 (20/$ ($4'&54$40%$47925$*%$>^/01-&*1,2$%$1&'($)%$'./$'<7.'%0-&*1;*$1%$4$' 1)./4<$'./$'&'($)%$4066$$*14'$117&64.'`QB[c&-(922#&*&5$-$*4FZZFMOa>?%$4+'.)$64.'0$*4$'$%$&'($)%120/$'%$*7&14$140220*5&72914&7%$46.'4$+'.)$64< =/.'7.'-$%&'($)%$'$*=$2$40%$*16&2=&/$%$4*E14$+'.)$ $.5&'($)%$ -.% %$4> Q'.)$64&'($)%$4 6&* 066$ 16&'+4 &%16022$1 7'& 7'040%$*< -$* $' *.5$4 6.*14&*4.57.'429($*%$<=/.'%$4$*$+'.)$64$'14&44$1&7%$4*E14$>V'($)%$4$' 066$(2.4*.5$4<%$'7.'$5,'+,&'($)%1+2&%1$*<1.--&*=$246&*2E55$7'&105< *,' -&* 6.--$' =)$-> D$ +$'1.*$' %$' $' (2$/$4 0*4$'/0$G$4 7'& C';57.*%$* ($16'0/$'.51, 7.'16$2205$ -,%$'< =/.'+, %$ 4&5$' &'($)%$4 -$% =)$-> C02 1+9'51-,2$4.-< =/.'/0%4 =:* 6:**$ 2E55$ &'($)%$4 7'& 105< *,' =:* 6.--$' =)$-<1/&'$%$$*&7%$0*4$'/0$G$%$1,2$%$1M 1`&6(,>0&,( %&'( &5(,795'( 4'( *966&( %&'( )54( /-6( _Ca"( A&'( %&5( /&%( 4'( :47&(,-0( '&*&)20(?.&0(26()2*+(+40(5-06&('-*(&0(=?(/95+&*-6&('-%,=80+'&5(4)(%;60&'@(%&'( &5(<&6(,?%40(/&6&'(-/2%@()25%-(<&6(:45(26,?(&0()4/-*-&@(,2/(<&6(-++&(,>0&,@( RW
81 %&'( &5( 5-/&*-6'( 27&5)25( _Ca"( A&'( +40( %4( 62%'( 4'( %&5( &5( 026*&( 4)( /-0&( :47&( %&'"( _Ca( /&0( %&5( +40(,&*7);*6&*-6( :725( %&5( &5( 026*&( /40(<2(6;5&(%&'"1(`Y02&5UMOT7>a>?*4$'/0$G+$'1.*$*($16'0/$'<=/.'%&*=:*6&*/E'$*9%4402&40*%%'&5$*.5$4 &7 7'040%$*< =/01 =:* $' +'$11$4 &7 $* 40%17'014< -$* &4 =:* $22$'1 7.'195$' &4 &%16022$ &'($)%$.5 7'040%> ]* &*%$* 0*4$'/0$G+$'1.* ($16'0/$' %$4 &*%$'2$%$1> 8.'=$*%$$'&'($)%$4$*%$2&7=$*%$120/ &*066$&%16022$17'&=$*%$1 +'0/&420/> 1X*',?( %&(,<27&,'&( '40+&5( 26(.&%,'&( -%&&5( +2//&5( 80%&5(.58,&5&0( 2/( /256&0&0"( _Ca( %&'( &5( %&'( &0&,'&( 5-6'-6&"( A&'( &5( <2( %&5( 6-7&5( -0,=-54'-20('-*(4**&(%&(,<27&('-06"(R7-,(<&6(:47%&(*>,'('-*(4'(:47&(:4)'(,?%40(&'( :7-*+&0( '>=&( <2.,( /40( 26( <&6( :45( 74*6'( &'( %&5( &5( &0( )8*%,'90%-6( -0'&65&5&'( %&*( 4)( 26(,?%40( :45( %&'( 795&'( :&*&( /-'( *-7"1 `Y02&5FM"Fa> D$*14.'$5'&%&71$2/14E*%05=$%.572$610(0204$4<6&*&241,=&/$1.-6.*1$6/$*1 &4 -$%&'($)%$'$* 4&5$' &'($)%$4 -$% =)$- I $*4$* 7;1016 /$% &4 /E'$ 4025E*5$205 =$2$ %95*$4.5 /$% &4 &'($)%$./$' %$'=)$--$< $22$' -$*4&24< =/.' &'($)%$4(20/$'$*%$2&7-$%&'($)%$'$*120/11402>D$44$6&*1,2$%$17.'14,11.- $4 4$5* +,< &4 &'($)%$4 ('$%$' '0/&420/$ $ &7 6'&/$4.- 72$610(0204$4>D$*$*6$24$-,1$2/14':64:'$'$10*40%<.5%$'7.'$'%$4.51,%$* $*6$24$1$5$4&*1/&'&416&($(&2&*@$-$22$-%$4.17E'$'> TZ
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`QB[c&-(922#&*&5$-$*4FZZFM"Oa> D$44$ =E*5$' 1&--$* -$% 6.*72064$* -$22$- +'.)$64&'($)%$41 6.'41054$%$ -,2.5 7&-020$20/$41 2&*51054$%$ /E'%0$'< 1.- i$*1$*.5 [$**$44 ($55$ 0%$*4070@$'$'> S*%$'195$21$* /01$'< &4 0*5$*09'$'< %$'.+2$/$'%$'$1&'($)%1+2&%11.-7.'=.2%1/017&-020$7)$*% ,0=9)$'$ 5'&%.+2$/$' $* :(&2&*@$ -$22$- &'($)%120/.5 7&-020$20/ `QB[ c&-(922 #&*&5$-$*4 FZZFM "Ra> D$* 7&-020$7)$*%4205$ &'($)%1+2&%1 0*%$(E'$' (2&*%4 &*%$4< &4 %$' $' =)$--$&'($)%$< 6.'4$ %$&%20*$1< 0*5$* 40%1'$5014'$'0*5<0*5$**$%16'$/$47&-020$ &-020$/$*205=$%$'$* g($29**0*5g< 1&-4 &4 %$' 066$ $' *.5$* =9)$14$ &'($)%140% `QB[ c&-(922 #&*&5$-$*4 FZZFM "Ua>? -.%1E4*0*5 =$'402 $' %$* 7&-020$/$*205$ &'($)%1+2&%1< =/.' &'($)%140%$* $' 7&14< %$' =/$'6$* $' =)$--$&'($)%$< 2&*5$ %$&%20*$1< 40%1'$5014'$'0*5< %$' 4&5$1 =$*1;* 402 7&-020$*.5 7&-020$/$*205=$%$'$*'$4405=$%`QB[c&-(922#&*&5$-$*4FZZFM"Ua>? %$* 7.'(0*%$21$ $' %$4 4&*6$/E66$*%$ &4 %$* 7&-020$7)$*%4205$ &'($)%1+2&%1 2&*54 =$* &% /$)$* $' 1;*.*;- -$% $* -.%$'*$< 72$610($2 /0'61.-=$% -$% -&*5$ 7&5205$ :%7.'%'0*5$'< 1$2/($14$--$21$.1/>? '$&204$4$* $' %$* -$'$ 4'&%040.*$24.'5&*01$'$%$ /0'61.-=$% -$% 7&14$ '&--$' -$'$ 7&-020$/$*205 $*% %$* 72$610(2$ /0'61.-=$% `QB[ c&-(922 #&*&5$-$*4FZZFM"Ua> T"
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`QB[ c&-(922 #&*&5$-$*4 FZZFM "Ra> V4 72$610(0204$4$* 0 &'($)%120/$4$'4027.'%$27.'&'($)%$47'$-7.'7&-020$*6&*.51,:%2$%$1&7?DVm1 1+9'5$16$-&:*%$'195$21$< =/.' 2&*54 72$'$ 0*5$*09'$' =&' %,'205 1&-/04405=$%./$' 7.' 7&-020$* $*%./$' 7.' &'($)%$4> D$44$ $' 4;%$20514 (2&*%4 6/0*%$'*$< =/.' FTs =&' %,'205 1&-/04405=$%./$' 7.' &'($)%$4 -$*1 =$2$ XZs =&' %,'205 1&-/04405=$%./$'7.' 7&-020$* `QB[ c&-(922 #&*&5$-$*4 FZZFM Ua> D$44$ 4;%$' +,< &4 -$%&'($)%$'*$ $' -$'$ 402(9)$205$402&45,+,6.-+'.-01-$%7&-020$*1-,2.5/E'%0$'$*%-$% &'($)%$41> Q'.)$641&-7:*%$41 1&--$*1-$24*0*5 &7 &'($)%13.5 +'0/&4117E'$*.5 :%('$%$21$* &7 +'.)$64$41 6.'41054$%$ -,2 7,' 1,2$%$1 ($4;%*0*5 7.' -$%&'($)%$'$*1+'0/&420/<1E' '=.2%4027&-020$*> 82$610(0204$4$* 59' =)$--$&'($)%$ -:2054< $?DV3:*%$'195$21$* (':5$1 %$**$ 72$610(0204$4 =./$%1&5$ '%$2 7.' &'($)%$4 `QB[ c&-(922 #&*&5$-$*4 FZZFM Ua> D$'402 +,+$5$1 %$4 0 :*%$'195$21$*< &4 =/01 %$**$ +'&64016$ +'0.'04$'0*5 066$ =&'-.*$'$' -$% %$* $*6$24$1 7.'$140220*5$'.-$*+&11$*%$(&2&*@$-$22$-7&-020$20/$4.5&'($)%120/$4< 1,16&($1%$';%$'205$'$5'.(:*%7.'14'$11.5:4027'$%1=$%`QB[c&-(922 #&*&5$-$*4 FZZFM "Ra> D$4 16&2 %$'7.' *E/*$1< &4 -&* 6&* 4&2$.- 7.'16$2205$ 7&-020$4;+$'< %$' =/$' 01E' 16&($' 7.':%1E4*0*5$'*$ 7.' 7.'16$2205$ 14'$11.'$'< =/026$4 -, &7=E*5$ &7 0*%0/0%:$22$ =.2%*0*5$'.5 $5*$&-(040.*$'`QB[c&-(922#&*&5$-$*4FZZFM"Ra> TF
84 Q, 4'.%1 &7 7.'16$2205$ 7&-020$4;+$' 7'$-=E/$1 %$4< 0 :*%$'195$21$*< &4 -&*5$ &7 0*5$*09'$'*$ 7'& :*%$'195$21$* 1$' 72$610(0204$4$* 1.- $4 L4/$E55$4 1/E'%L `QB[ c&-(922 #&*&5$-$*4 FZZFM "Fa> D$4 /02 105$< &4 72$610(0204$4$*59'%$4-:2054&4+2&*2E55$1$2/.5/E'$72$610($2./$'7.' +2:%1$ ,$%$($=./<-$*72$610(0204$4$*($4;%$'.51,<&4-&*&2%'05 6&*120++$&'($)%$4=$24<=/.'7.'&'($)%120/.57&-020$20/1-$24$'1&--$*> D$4 $' *$4.+ %$**$ 1&--$*1-$24*0*5 &7 %$4 -.%$'*$ &'($)%$1 6.'41054$%$/E'%0$'.57&-020$20/$412&*51054$%$/E'%0$'1.-[$**$44066$ -$*$'$'7.'$*$205$`[$**$44"WWWMFPa>?7.'2E*5$21$&7%$44$1;*$1%$* -.%$'*$ /0'61.-=$%1 6'&/ 402 -$%&'($)%$'$* &4 14$--$./$'$*1 -$% %$*7&-020$7)$*%4205$/0'61.-=$%<1.-:*%$'195$21$*%$70*$'$'> ]*+.0*4$%$'5,'05$*(,%$=.1[$**$44<1,/$21.-0?DV3:*%$'195$21$*< $'/0'61.-=$%$'*$1-&*52$*%$7.6:1+,7&-020$/$*205=$%<%$'$'-$%402 &4 16&($ :(&2&*@$ -$22$- &'($)%120/.5 7&-020$20/ `[$**$44 "WWWM FUa> S%./$' &4 72$610(0204$4$* 16&($' 40%1-E1105$ +'.(2$-$' -$22$- %$ 4. 17E'$'< $' %$'.51, -$'$.-7&*51'05$ +'.(2$-&4066$'> [$**$44 +,+$5$' *$4.+< &4 %$ 2&*51054$%$ /E'%0$' $21$1-E '5< (9'*$.+%'&5$21$<.+-E'61.-=$%.5 6E'205=$%< 1.- 7&-020$* =&' (':5 7.'< 066$ 6&* 4027'$%114022$1 -$% %$4 72$610(2$ &'($)%$ `[$**$44 "WWWM FU 77>a>D$472$610(2$&'($)%$(E'$'+'E5&76.'41054$4=$%<.56.*1$6/$*1$*&7 %$44$$'07925$i$*1$*&4(,*%4027&-020$<14$%$'.51.@0&2$'$2&40.*$'(20/$' ($1/E'205$`i$*1$*FZZXMOZUa> D$4 /02 &241, 105$< &4 %$* 72$610(2$ 6&+04&201-$ -$%79'$'< &4 %011$ 4. /0%4 7.'16$2205$ /E'%0$' 0 =$*=.2%1/01 7&-020$20/$4.5 &'($)%$4 066$ $' 2$4 7.'$*$205$0%$**;$6&+04&201-$`[$**$44"WWWMFUa>?7925$[$**$44($4;%$'%$*95$%$72$610(0204$4.5*$%(';%*0*5$*&716$22$4 -$22$- &'($)%$.5 +'0/&420/ &4 &'($)%$4 %$@$*4'&201$'$1< =/026$4 066$ ($4;%$' &4 -&54$* 7.'1/0*%$'< -$* %$'0-.%.-14':64:'$'$1 `[$**$44 "WWWa> Q, %$* -,%$ +,2E55$1 -$%&'($)%$'*$ 72$'$ 6'&/< =/.'0-.% %$* 95$%$ 0*%72;%$21$ 0 '$&204$4$* =:'4054 6&* /01$ 105 &4 7.'1/0*%$> D$44$ TO
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`[$**$44"WWWa>N'5&*01$'0*5$*&7 &'($)%$4./$'2&%$1 0 =9)$'$ 5'&% 402 %$* $*6$24$< 1.- -, 7.'195$ &4 402+&11$ 105 %$ 6'&/< /$%6.--$*%$ -9%$' 7'& 10*$.-50/$21$'>? %$**$ 7.'(0*%$21$ 6&* -&* &'5:-$*4$'$ 7.'< &4 :%/0620*5$* 0 %$4 -.%$'*$ &'($)%$ 16&($' *;$ -.%1E4*0*5$' 7.' -$%&'($)%$'$*>? 7.'=.2% 402 %$* 4'&%040.*$22$ &'($)%1.'5&*01$'0*5 -$% 7&14$ -9%$40%$'< %$' +, *.52$ -,%$'-,16$6:**$1;*$1&4/E'$-$'$'050%.50*6.-+$4$*4<6&*%$* *;$&'($)%1.'5&*01$'0*5.51,105$1&4/E'$-$%402&42,1$-$%&'($)%$'*$< (2.4 +, &*%'$ -,%$' `[$**$44 "WWWa> D$* =9)$'$ 5'&% &7 0*%72;%$21$ +, $5$*&'($)%1.'5&*01$'0*5'0106$'$'&4/E'$402-$'$16&%$$*%5&/*>82$'$ 6'&/ 6&* /E'$ 7.'62&'0*5$* +,< &4 %$ &*1&44$.+2$/$' :(&2&*@$ -$22$- &'($)%13.5+'0/&417E'$<-$*$5$* $-$'$0*%72;%$21$04026*;4*0* %1%0-$*10.*$* :%$* 7.'.'5&*01&40.*$*1 '&--$'> #$% %$44$ 0* -$*4$.5-$%4&*6$+,[$**$4414$.'0$'%$4%$'7.'066$./$''&16$*%$<&4 &'($)%$41 72$610(0204$4 6&* 50/$ -$%&'($)%$'*$ $* -$'$ 14E'6 792$21$ &7 14'$11> TU
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a( %&5( &5( &0( /&6&'(,'25(?.&0:&%( 26(,?%40@( 09,'&0( )4/-*-95(+95*-6:&%@(-()25:2*%('-*(725&,(/-*<;"1(`Y02&5OMFXa> V4-$%&'($)%$'*$10%%$'0:-0%%$2(&'*E'=$%&7%$'$1/ $1&-&'($)% &''0*51+&'4*$'$ 1;*$1 1,2$%$1.51, &4 95$ -:205=$%$* 7.' 0 =9)$'$ 5'&% &4 $4&(2$'$ %$ %;($ :7.'-$22$ 40220%1'$2&40.*$'> D$44$ 14,' 0 6.*4'& [$**$441 ($4'&54*0*5$'.-&47.'-$22$40220%1'$2&40.*$'-0*%16$10%$4-.%$'*$&'($)%$< 7.'%0 %$* 6.*14&*4$ 7.'&*%'0*5.5 72$610(0204$4$* ($1/E'20559' 2E*5$'$/&'$*%$ '$2&40.*$' `[$**$4 "WWWM FFa> [$**$44 2E55$' /E54 +, &4 %$* -.%$'*$.'5&*01&40.* $' 6$*%$4$5*$4 /$% 6.'41054$%$ /E'%0$'.5 1/&5$ (,*% -$%&'($)%$'*$ 0-$22$-< =/026$4 6.--$' 4;%$ :%4';6 0 4$&-3&'($)%$4< =/.' 4$&--$%2$--$'*$ :%16074$1 0 4&64 -$% +'.)$64$'*$ $*%$ 7&5205$ 7$24$' `[$**$44 "WWWM FFa> D$4,(*$ &'($)%1-02)91 &'604$64:' 6&* 0 %$**$ 1&--$*=E*5 ($4'&54$1 1.- $4 '$%16&( 402 &4 16&($ 14E'6$'$ (,*% -$%&'($)%$'*$ 0-$22$-< %& -&* 0 %$**$.'5&*01&40.*17.'- $' 4026*;44$4 =0*&*%$*-$'$0*4$*10/41.@0&24> TX
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f-*46(Z[(\D"(D$4$'$* &40.*0%$4,(*$&'($)%1-02)9< '16$2205 :%14'E6*0*5 6&* /0'6$ 1.- $* 14'$117&64.'< =/.' $61$-+$2/01 =)$--$&'($)%1%&5$ $' *9%/$*%05$ 7.' &4 6:**$ ($5, %$44$,(*$ ':-> C02 1+9'51-,2$4.-< =/.'/0%4 =:* 792$' '$11$4 &7 7.'14;''$21$'*$< 1/&'$' $* -$%&'($)%$'M 1`4@(%&'(6;5(<&6"(M&0(<&6('525(&'(&**&5(40%&'(,'&%@(4'(<&6(.45&(:45(4))80%&'(/-6( /&%(%&'"(O?(/?(/40(.586&(%&(/-%*&5@(%&5(08(&5('-*(4'(:?0%'&5&(%&'"(H52==&( 026&'( -( ;5&0&@( &**&5(,?(,-6&@( <4/&0(,?( 45.&<%&5( <&6( :<&//&)54( 5&,'&0( 4)( &)'&5/-%%46&0"(M&0(%&5(&5(26,?(6590,&5()25@(:725(/&6&'(/40(+40(%&'"(Q25( %&'(&5(<2(-++&()4,'&(45.&<%,%46&@(-(26(/&%(4'(%&'(&5(:<&//&45.&<%,%46&@(26( /40( +40( <2( :&**&5( -++&( 6;5&( %&'( -( )*906@( )25%-( %&'(.*-7&5(,&*7);*6&*-6( 26,?(.&/95+&'"1(`Y02&5UMOW7>a> D$4 6&* :% ($-E'6$1< &4 0*4$'/0$G+$'1.*$* $' ($/0%14.-6'0*5&7(';%$21$'*$1.-$*::*%5,$20514'$117&64.'0%$4,(*$6.*4.'<-$*&4 =:* /$% =)E2+ &7 4$6*066$' 1.- $61$-+$2/01 =)$--$&'($)%1%&5$ 7.'195$' &4-0*%16$ %$**$>?-0%2$'40% $' =:*.51,.+-E'61.- +, &4 %$4,(*$ 6.*4.' 6'E/$'1;*20559'$21$&7-$%&'($)%$'$*<.5%$4%$'7.'6:*0$4($5'E*1$4.-7&*5 TP
88 $' 2$ &4 &'($)%$ =)$--$7'&> #$% 7.'14;''$21$'*$.5 &7(';%$21$'*$< %$' 7.'$6.--$' =; %$4,(*$ 6.*4.'-02)9<.+14,' 1,2$%$1 $4 %02$--& 7.' -$%&'($)%$'*$> Q, %$* $*$ 10%$ 1;*$1 %k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`QB[c&-(922#&*&5$-$*4FZZFMPZa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
89 /E'$ '$44$4 -.% %$4 7&5205$> D$44$ 6&* 205$2$%$1 ($4'&54$1 :% 7'& V-=9)1 +.0*4$'0*5&7/05405=$%$*&7&4/E'$g=)$--$:%$*7.'=)$--$4g`V-=9)FZZUM FT"a>? AB ^:1$4 $' %$4 1,2$%$1.51, $* %$2 &7 (,%$ 72$610(0204$4$* 1,/$ ;*20559'$21$*&4:%*;44$%$'$6'$&40/$-:205=$%$'<AB^:1$4402(;%$'<07.'-&7 $61$-+$2/01704*$11':-.52$5$':--$4402(9'*$*$`V-=9)FZZUMFT"a>[$**$44 +,+$5$'<1.-%$4$'*E/*4./$*7.'<&4%$6.'41054$%$-,2<%$'6$*%$4$5*$'%$4 -.%$'*$&'($)%120/066$$'7.'$*$205$-$%%$2&*51054$%$-,2.5/E'%0$'1.- 6&'&64$'01$'$'7&-020$20/$4`[$**$44"WWWa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
90 6.--$'402&47;2%$-$'$0+'0/&420/$4>b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g$'=)$--$+,&'($)%$4g> [$**$44 +,+$5$' &4 1&--$*6.(20*5$* -$22$- &'($)%13.5 +'0/&420/< %$' =$*=.2%1/01 $' 6$*%$4$5*$4 &7 6.'43.5 2&*51054$%$ -,2.5 /E'%0$' 066$ 6&*7.'$*$1> D$2$&70*%'$4*0*5$*&7AB^:1$46&*%.5($4'&54$11.-$47.'195=$'+,< %& %$4 402(;%$' 72$'$ '$6'$&40/$ &640/04$4$'< %$' 4025.%$1$' +'0/&420/$41 ($=./> AB ^:1$4 6&* +, %$**$ (&55':*% -.%1&4 %$* -$5$4 72$610(2$ -.%$'*$.'5&*01&40.* &*1$1 1.- =&/$*%$ 6$*%$4$5* 7'& %$* 7&-020$/$*205$.'5&*01&40.*> TW
91 \ C90'(2"8.%8'4>).%" 8'& $4 1&-7:*%1=014.'016 +$'1+$640/ 1;*$1 :%/0620*5$* &7 *;$.'5&*01&40.*17.'-$'&47925$%$*:%/0620*5.5%$6'&/<%$'14022$17'&1&-7:*%$4.5 7'&.'5&*01&40.*$'*$1.-/$'%$*> 8.':%1E4*0*5$* 7.' 7.'&*%'0*5$' 0.'5&*01&40.*17.'-$* 16&2 (,%$ 7.'14,1 1.- $614$'*$.5 0*4$'*$ +,/0'6*0*5$'< =/.'.'5&*01&40.*$'*$1.-50/$21$'<.'5&*01&40.*17.'-< =$2$.+7&44$21$* &7 7.'&*%'0*5.5 7.'*;$21$ $' ($4;%*0*5>?*%($7&44$4 0 /010.*$*.-%$*-.%$'*$<4'&*1+&'$*4$.'5&*01&40.*$61014$'$'$4'&40.*&2$.-< &4 %$@$*4'&201$'0*5 &7.'5&*01&40.*$*.5 =$'-$%.51, &*1/&'20559'$21$* &7 %$* $*6$24$ -$%&'($)%$' /02 16&($ $* -$'$ 72$610($2.'5&*01&40.*< %$' =:'4054 /02 6:**$'$&5$'$+,$614$'*$1,/$21.-0*4$'*$6'&/>D$**$.'5&*01&40.*1-E1105$ 7.'&*%'0*51+'.@$1 6&* 05$* 4E*6$1 &4 /E'$ $* '$+'.%:@$'$*%$ 7&64.' 7.' $* 7.'41&41&-7:*%1-E1105:%/0620*5-.%-$'$7.'&*%'0*5.572$610(0204$4> c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g=)$--$g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
94 6:**$%$4/E'$0*4$'$11&*4&40*%%'&5$*.52$&7%$/0*62$'</00%$44$+'.)$64=&' &75'E*1$4.17'&> d.'$1 -,2 -$% +'.)$64$4 =&' /E'$4 &4 :*%$'195$ 6.*1$6/$*1$'*$ &7 %$ *;$.'5&*01&40.*17.'-$'<-$*066$($4;%*0*5$*&7%011$6.*1$6/$*1$'>[,2$%$1=&' /0066$:*%$'1954%$+1; $$77$64$'7.'-$%&'($)%$'$*/$%&4&'($)%$0$4 14'$11$*%$-02)9>d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
95 ` Q)22(-924-')>2(" 3 V*%$'1$*<b0$21p6$'14'9-`FZZUaMgU&%&*,&(4)(=&5,20*-6:&%(P(2/( /&%4.&<%&5&0,(=9%4626-,&5-061<0Q$%$'1$*<D.'4$`]%>aM1b))&0'*-6( *&%&*,&(-(/4046&/&0','4'&01<8.'2&5$4[&-7:*%12044$'&4:'<A9($*=&/*> 3 V*%$'1$*<?(`FZZTaMA&0(,+-0.45*-6&(7-5+&*-6:&%(P(7-%&0,=52%8+'-20( -0%&0)25(,4/)80%,7-%&0,+4.&50&>U>:%5&/$<8.'2&5$4 [&-7:*%12044$'&4:'> 3 V-=9)<e='014&Y'$:-`FZZUaM1M&%45.&<%&5&0,(,>0*-66;5&*,&(-(%&0( '540,=45&0'&(25640-,4'-20(P(2/(,'>5-06(4)()5-:&%(26(8,>0*-66;5&*,&(4)( *&%&*,&1<0Q$%$'1$*<D.'4$`]%>aM1b))&0'*-6(*&%&*,&(-(/4046&/&0','4'&01< 8.'2&5$4[&-7:*%12044$'&4:'<A9($*=&/*> 3 Y&66&<i9'5$*8'.%$.580/$21%&2<]502`FZZFaM1b5640-,4'-20,'&25-1< ^&*%$21=9)16.2$*18.'2&5<A9($*=&/*> 3 Y&1.*<e='0140&*<e1.*6&<V50.5])2$'<[email protected]&)`FZZOaM1X5.&<%&',(0>&( 40,-6'&5(P(*&%&*,&(4)()5&/'-%&0,(/&%45.&<%&51<Y9'1$*18.'2&5< A9($*=&/*> 3 Y';-&*<V2&*`FZ""aM1O23-4*(S&,&453:(M&':2%,1<NJ7.'%S*0/$'104; Q'$11<NJ7.'%S*0/$'104;> 3 e='014$*1$*<q$4$'^.2%4`fz"fam1o4/45.&<%&(p(/&**&/(/&00&,+&5(-( ,4'-20&01<^&*1c$04H$218.'2&5<A9($*=&/*> 3 e='014$*1$*<q$4$'^.2%4`fz"zam1m&5&(7-%&0%&*-061<^&*1c$04h$21 8.'2&5<A9($*=&/* 3 e='014$*1$*<q$4$'^.2%4`fzzuam1g-%&0,%&*-06(p(=&5,=&+'-7&5@(=52.*&/&5( 26(=54+,-,1<^&*%$21=9)16.2$*18.'2&5<A9($*=&/* 3 e='014$*1$*<q$4$'^.2%4`fzzfamgb/(7-%&0,*&%&*,&(p(=&5,=&+'-7&5('-*( 5&)*&+,-20g<8.'2&5$4[&-7:*%12044$'&4:'<A9($*=&/* WU
96 3 3 0V*%$'1$*<^$0*$.5A&1+$'1$*<B&'1Y.`]%1>a<1V*4,,-,+(26(/2%&50&(,4/)80%,'&25-1@(U>:%5&/$<^&*1c0$4H$218.'2&5<A9($*=&/*> 3 ^$$%$<D&5`FZ"ZaM1A&'('2//&(/&00&,+&(P(-0'52%8+'-20('-*(Q28348*'1< #:1$:-C:1@:2&*:-18.'2&5<A9($*=&/*> 3 ^02%$('&*%4<[4$$*.5Y'&*%0[9'$*`FZZXaM1U&%&*,&(4)()2540%5-061< Y9'1$*18.'2&5<A9($*=&/*> 3 i$*1$*<v*%$'18.5=`fzzxam1m&**&/('-06(p(q28348*',()-*2,2)-1@(d$42022$ 8.'2&5<A9($*=&/*> 3 B0*%<i$*1`FZZPaM1X5.&<%,/45+&%&'(-(%&0(*95&0%&(25640-,4'-201<0 e='014$*1$*<v22&*`]%>am1a&0(*95&0%&(25640-,4'-20,(.&65&.&5(26( =54+,-,1<V&2(.'5S*0/$'104$417.'2&5<V&2(.'5> 3 N21$*<Q.:2Y041@=.5Q$%$'1$*<A&&'$`FZ""aM1H52.*&/25-&0'&5&'( =52<&+'45.&<%&(P(&0(795+';<,.261<c.1602%$S*0/$'104$417.'2&5<c.1602%$ 3 Q&2:%&*3#t22$'<B&'1`FZZUaM1X5.&<%,@(25640-,4'-20,@(26( *&%&*,&,=,>+2*26-1@(8';%$*2:*%<Q.H6&2<Q.2$*> 3 [$**$44<c0@=&'%`"WWWaM1A&'()*&+,-.*&(/&00&,+&1<8.'2&5$4^./$%2&*%< ^9)()$'5> 3 o&%16)e'<^&*1`fzzpam1b5640-,4'-20(-(&'(5&)*&+,-7'(,4/)80%(p( 3-7-*-,&5-06(4)(25640-,4'-2010e='014$*1$*<V22$*`]%>aM1A&0(*95&0%&( ,4'-20,(.&65&.&5(26(=54+,-,1<V&2(.'5S*0/$'104$4$17.'2&5< V&2(.'5> 3 l0*<c.($'4a>`fzzwam1i4,&(o'8%>(s&,&453:(p(a&,-60(40%(m&':2%,1@([v_] Q:(20@&40.*1<?*@> WX
97 @,66-+)(+M 3 YVc8NAV`FZZTaMgX5.&<%,/-*<;(-(%&'(?.0&(+20'25(K()25,+0-06&0,(.8%(=?( =52.*&/&5(26(*;,0-06&51"( 3 QB[c&-(922#&*&5$-$*4`FZZFaM1E06&0-;5&5(/&**&/(45.&<%,*-7@( )4/-*-&*-7(26(,'5&,,1"( A+)%'&(+M 3 Y'9*%:-<c066$`FZZRa =44+M\\GGG>$'=/$'/1(2&%$4>%6\/0'61.-=$%$'\/0'61.-=$%$'3 7.'4';%$'3&&(*$36.*4.'$'`"X>ZX>"Fa 3 e='014$*1$*<#&''0&*$b>`"wwuamr&5/&0&8'-+(p()25'2*+0-06(26( )25,'?&*,&1@(Y0(20.4$61&'($)%$<C0%116'0747.'0*7.'-&40.*1.5 6:24:'7.'-0%20*5<*'>U"<"WWU> 3 82;/()$'5<Y$*4`FZZUaM1Q-7&(/-,80%&5,'40%-06,(4.28'(34,&K,'8%>( 5&,&453:1<7'&[$&2$<e20/$$4&2>`FZZUaM1i84*-'4'-7&(5&,&453:(=543'-3&1< B.*%.*&*%C=.:1&*%N&61<eV<[&5$> WP
98 Bilag 1: #$%&'&(()$%*+,&--&$./)00)+1234&-(,)-56"67"8 "
99 Bilag 2: Interview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
100 )*B<-)$G&&--&':&-30+F%&'&%&--&')$,&%(%&,3<,-)$,&%? LJB)'&,&%,&'*&,)%:)4&:&-&(3$%E4&J'(:3(%+'3&(%J&$,&,&'FJ0+$%+'&%A,&%4)''31%31%*H'0&-31%)%(0<--&(31&>)'4&-%3-,&%?LJ,)$<FS>'+$%A300&?T-%(J 3$,&$D&1(%)'%&,&?U3P'E1>+$,&$V =77>C'O4+',)$:)',<,&%(J*&,,&%$<= =7B>C'9)*&$A*)$0)$D+)-%(J+1(J1+,%-)4&WK)$0)$D+)-%(J+1(J1+,% +'1)$3(&'&(31+*0'3$1&%(0'34&B+',A*&$,&%&'D+)-%(J300&-31&(J(D+4%A+*D&1 ()**&*J,&?K&$&--&'((JA(J%'+'D&1A)%D&1:)'&$:;D1'),)>%3-F)($3$1(&4$& X*&$(J,)$+*0'3$1)'B&D,(*3-D;+1(J,)$$+1&%A,&%%H$0&'D&143D++1(J(0)- 3$,FJAFJ&%&--&')$,&%%3,(F<$0%? =77>C'9)A)-%(J?#0+'%&%'H0A0)$,<(JF';4&)%B&(0'34&,3$)'B&D,(,)1>+'*313 1J'= =7B>C'#1J'=9)*&$31J'4)'(J,)$&$,)1A>)0%3(0&$:&-,)1FJ0+$%+'&%WS)1%31? %3'(,)1&$?I1(J$&,+1(3,&+1)'B&D,&FJF3$,&$??I1(J$+1-&)$,'&*;,&',&' 4)'(J,)$3$,3*&--&*?#1J'4)',&%)-%(J&$:&-YP'E1>+$,(,)1YA)-%(J&$,)1A :4+'D&14)':&'<,&:&-&,)1&$A300&? =77>C'P3-:4&',)1A&',&%(J$+1&%*&,A)%#(F3(&'()**&$,31+1,3$&0+--&1&'A &--&':4+',)$= =7B>C'9)AD)?Z3F';4&')-%3,)%0+**&<,+1(F3(&()**&$(J,)$G)?*&--&* 0-+00&$""7R6+1"57R6?T-%(J3$,&$>+',&$,&'%3*&A,&'F';4&'43-31&(+*)% +'1)$3(&'&+(FJ&$&--&')$,&$*J,&A30[A(J430+**&'%3-)%(3,,&+1(F3(& ()**&$:&'? =77>CI0)EA3:43-0&%+*>)$1&',<(&-4*&,%3-)%(%'<0%<'&'&,3$:4&',)1= 0)-&$,&'(E(%&*A+1,&%43-(31&A)%,&%D+&''31%31%+>%&)%*)$B-34&'3$43%&'&%3$, 30)-&$,&'&$+*D&1(J*J(31&A+1(J(31&'*)$D+YD)Y%3-&%*;,&A,&'*J(0& -311&'%+*J$&,&'<,&3>'&*%3,&$?I1$J'(J,&$*;,&,)%+,&$+F'3$,&'A &(-H%%&%+1(JA(J0)$*)$D+300&(&-4(%'<0%<'&'&,&$,)1>+'(J&',&%D+ -31&(+*134&%A:43(*)$:)')GG&F%&'&%???K&$D&10)$D+4H-1&)%(31&$&DA+1 >+'&(-J&$)$,&$,)%+?LJD&143-(31&A)%D&1:)'&$:;D1'),)>3$,>-E,&-(&FJ*3$ &1&$)'B&D,(,)1? R
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`"+1`5?I1,&%&' $)%<'-31%(JA>+'*31)%1J3$,%3-`"A(+*:)'(3%&1&%0+$%+'+1($)00&*&, N
102 :&$,&A&--&'(:34&'D&1`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a$()1((0E-,A+*D&1(J*J(31&X+1 =77>C'O)',<&$+F-&4&-(&)>A)%,&'&'$+1&$A,&'43,&$,&-&'*&'&)0%34%&$, )$,'&= =7B>C'9)*&$)-%(JAD&143-D+(31&A)%D&1(;1&',&':&$A:4+'D&1:)'B'<1>+'43,&$? I1,&%&'D+$&%+F:+(`5+1`"AF'3*H'%A300&?I1,&%&'D+(J)-%(J,&*(+* (3,,&'A(+*D&1(F)'&'*&,FJ)0<%+*'J,&%?I1(&-4>;-1&-31)--& 0+**<$30)%3+$(>+-0&$&?LJ:4),,&)$,'&1;'+1300&1;'A,&%:)'D&1 (3*F&-%:&$3$1&$>+'$&**&-(&)>?TB(+-<%3$1&$>+'$&**&-(&)>?' 1'),)>3$%&')0%3+$*&--&*0+--&1&'3,&%JB$&)'B&D,(*3-D;>'&*>+',&%-<00&,&? I1,&%&'BJ,&>)1-31%(J4&-(+*(+G3)-%= =7B>C'9)A)-%(J?]J,&1&$&'&--&%3$1&',&'D+)-%(J&%(%+'%>H--&((0)B0)$*)$ (31&?I1D&10)$D+(J:;'&FJ,&)$,'&,&'3$,&A(+*(3,,&'*&,>c? )$(;1$3$1&'$&+1,+$)%3+$&'$&?T-%(JA,&:)'$+1&%()**&$A+*D&1(J*J(31&A )$,&$*J,&A&--&'3:;D&'&1'),A&$,&$)$,&$+1D&1(+*(3,,&'*&,:4&'%4+'&( (%+'&>+0<(+*'J,&'?' _
103 =77>C'O)'#&$>H--&((0)B(>;-&-(&3$,&FJ9&'&(0+$%+'A31-)('<**&%= =7B>C'T-%(J43:)'&$>H--&((0)B(>;-&-(&A:<$,'&,&F'+G&$%(300&'%A+*0'3$1 134&',&%300&*&$3$1)%4H'&:&'?O43(*)$:)4,&B&:+4>+')%1J<,+1A:4), 0)$*)$(31&A1;'&$+1&%>+'(31(&-4A(J43--&,&%300&134&*&$3$1)%4H'&:&'A :&-&%)1&%+*0'3$1Y()1&$Y?e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e--&'1j'3$,+1(h%%&'*31fj&%)$,&%0+$%+'a:43(,&'&'-&,31%?e--&'(h%%&'*31 :&'3$,+1-H(&'&--&'F';4&')%>J+'1)$3(&'&%*31(JD&1>J'>D&'$&%*31>') d
104 (%+''<**&%,&'3$,&?2+',&%&'D+300&*3$&>&*0+--&1)&'((0E-,,&'3$,&A)%D&1 :)'&%&--&')$,&%A,&'F'&((&'(31FJA(J,&%:)$,-&'+*)%D&1(&-4(0)-4H'&3 (%)$,%3-)%0<$$&+'1)$3(&'&*31+1%'H00&*31?' =7B>C'eDA(%'&((???3''3%&'&%43-D&1:&--&'&(31&?L%'&((&'300&$+1&%,&'-311&'%3- )%;1&,&%:&'F'&(&--&'3''3%)%3+$A(+*,<%)-&'+*= =7B>C'9)A:43(*)$300&*&(%'&')%1J>'),&%A(J&',&%D+?O43(*)$300&*&(%'&' )%(31&AD&1)'B&D,&':D&**&3*+'1&$>+',3D&1(0)-1;'&,&%%&*&,&$&--&' )$,&$(%+'+F1)4&A,&'(0)-(0'34&(?e--&')%*)$B-34&'(3,,&$,&>+',3*)$ :;D1'),)>>'3:&,%3-(&-4)%+'1)$3(&'&4+'&()'B&D,(,)1W(JW*&$,&%&'0-)'% )%,&'0)$0+**&$+1&%)0<%3$,>'):;D'&A&$&--&')$,&$*&,3&()1A&--&'&%&--&' )$,&%43(0)-0+**&$%&'&A+1(J(0)-,&%B)'&0;'&???%D&0A%D&0A%D&0A&$+'*% :<'%31%30g?I1,&'0)$*)$D+300&B)'&1J:D&*>+',3A:43(,&%&'&%(%&,A:4+' *)$&')>:H$131&)>A)%)--&*<-31&)$,'&:)'??^+**<$30)%3+$(>+-0&$&&--&' $+1&%?LJB-34&'*)$$;,%%3-)%4H'&,&'A+1()*%3,31-31&(0'34&?I1,&'&',&% 0-)'%A)%*)$D+300&B)'&0)$-<00&4&',&$<,&A(J*)$(0)-0<$$&*&(%'&,&%,&'*&,)%(3,,&B-)$,%*)$1&*&$$&(0&'+1+1(J)$&'0&$,&A)%,&+1(J:)',&'&('<*+1(0)-0<$$&4H'&,&'A300&?' =77>C'#,&$>+'B3$,&-(&A%'+',<,&'$+1-&B&(%&*%&0+*F&%&$G&'(+* 4H1%&(:;D%3,&%JB$&0+$%+'*3-D;= =7B>C'L&-43$,(31%?' =77>C'9)A:4+'>+'%H$0&',<,&%= =7B>C'e$1+,&4$&%3-(3*F&-%:&$)%0<$$&*H'0&FJ(31(&-4+*D&1B-34&' 3''3%&'&%$<A>+',3D&1:)'$+1-&+F1)4&'A,&'F'&((&'*31A&--&'B-34&'3''3%&'&% >+',3D&1(E$&(&$0+--&1)&'F3((&3''3%&'&$,&?T-%(JA*)$B-34&'$;,%%3-)%:)4&,&$,&'&4$&%3-)%0<$$&*H'0&AD)*&$A:4),:)$,-&',&%:&'+*?O)$,-&',&% +**313$,&$3A&--&':)$,-&',&%+*,&)$,'&?I1,&$&4$&%'+'D&1&''31%31%A '31%31%A'31%31%4H(&$%-31+1:)4&+1+1(J1;'&(310-)'%A3$,&$*)$&$%&$>-&1$&' <,A&--&'B-34&'3''3%&'&%A&--&'&%&--&')$,&%30g?' M
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g?LJ 0)$*)$*J(0&+1(JB-34&&$+'*%3$%'+4&'%+1-J(%A(J,&)$,'&*J(0&0)$ +F-&4&&$(+*&$+'*%)>43(&$,&A+1(J0'H4&',&%D++1(J>'),&>&*)$,'&)%,&(J:)',&$,&'>+'$&**&-(&.+0)EAA,&%&'300&>+',3:<$&'(<'FJ*31A *&$,&%&'(3*F&-%:&$>+',3:<$-31&&'+F%)1&%)>&$+F1)4&$<?I1WI1,&' (E$&(D&1,&)$,'&???Q+1&$&''31%31%1+,&??)-%(J(J,)$&$(+*Y)$+$E*"Y&' &$+'*%1+,%3-)%(31&AY)$+$E*5YD&1%)1&'-31&A:)*(3,,&'D&1+1(J-31&4&, (3,&$)>?O)$(31&'&$1)$13*&--&*AhT-%(JY)$+$E*5YAD&1%)1&'-31&,&:&' :;'&F'+FF&'FJA+1,&%&'(3*F&-%:&$>+',3D&1(3,,&'+1(0)-)'B&D,&*&, $+1&%A+1,&%&'300&>+',3D&1&'(<'+13''3%&'&%FJ,31A*&$D&1:)'-31&B'<1 >+'*3%&1&%'<*?hI1,&%&'D+&$0-)'*&-,3$1?O4+'D&1*J(0&300&)-%3,&' 1+,%3-)%0+**&*&,,&$,&'0-)'&*&-,3$1?*&$*&'&B-34&'(J,)$-3,% h))'::s)1%31h? =77>C'LJ,&%&'><-,(%H$,31%-&13%3*%)%*&-,&%3-&--&'>')= =7B>C'9)D)A)-%(J)%*&-,&%3-+1>')?9)?' 0+$(&04&$(&'A:43(*)$300&:)'&$:;D$+01'),)>(&-43$,(31%= =7B>C'I*,&%:)'$+1-&0+$(&04&$(&'?T':???O**W]';4-31&)%F<%%&$+1-& >-&'&+',FJ? &'*&'&3$,&-<00&,&?O)',&%&$&>>&0%FJA:4+',)$*)$B-34&'+F>)%%&%(+* 0+--&1)=' =7B>C'T-%(J:43(,&'&'&$,&%&'*&1&%:;D-E,%A(J*J*)$D+B)'&(31&h(0'< C
106 $&,h&--&'&%&--&')$,&%?e--&'1j<,&$>+'+1($)03%&-&>+$?(+*#0)$:;'&&$ )>*3$&0+--&1)&'1;'$<?i;'&$+1&%)$,&%A:)$,-&FJ&$)$,&$*J,&A&--&'W T-%(JW =77>C'e',&%$+1&%#1;'*&1&%=T-%(JA:43(#%)-&'3%&-&>+$&0(&*F&-43(? O4+',)$:J$,%&'&'#,&%=P)-&'#3%&-&>+$3$,&FJ0+$%+'&%= =7B>C'Q&DA431J')-%3,<,*&,*3$,'&*)$(0)-1;'&,&%3>+':+-,%3-$+1&% *)$(0)-0311&FJ(0H'*&$A+1,&'F-&D&'D&1)-%3,)%(31&%3-,&)$,'&. hj$,(0e-,a*&$d&1'3$1&'$<a*&$d&1:)'b'<1>+')%(&30)-&$,&'(e(%&*&%? I1,&%0)$D&1300&(%J,&'<,&+11;'&?LJD&11;'3:4&'%>)-,)-%3, +F*H'0(+*FJA:43(D&1(3,,&'+1($)00&'3%&-&>+$,&'3$,&?T%$<(3,,&'D&1 +1($)00&'3%&-&>+$+1,&%&'(3*F&-%:&$>+',3D&1B-34&'$;,%%3-)%:)4&&$ 0)-&$,&'>+')$*31?e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
107 (0<--&0+$G&$%'&'&*31+*&%$E%)'B&D,&?K&$(&%3B)0(F&D-&%4)',&%D+&$ %3,A>+',3,&%4)'D+-31&(+*,&',&%:&-&>+'&130?K&$(J,)$FJ,&$-)$1&B)$& &'&$+'*%1-),>+')%D&1&'0+**&%3$,+1(3,,&B-)$,%$+1-&*&,,&()**& )'B&D,(><$0%3+$&'A(+*D&1:)'A30g? =77>C'e',&'&$)$,&$1'<$,%3-,&%&$,,&$'&$+1(0H'>)1-31&= =7B>C'T-%(J,<%H$0&'FJ(J,)$$+1&%*&,*&$3$1(<,4&0(-3$1A&--&')%*)$ 0)$B'<1&:3$)$,&$=e--&'W9))-%(J?9)D)A,&'&'0-)'%&$:&-%)$,&$ >H--&((0)B(>;-&-(&A>+'(%J&%FJ,&$*J,&)%430&$,&':3$)$,&$(><$0%3+$&' 4H(&$%-31%)$,&'-&,&(&$,4+'&(><$0%3+$&'&'?Lk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g?e$1)$13*&--&*:)' *)$D+B'<1>+'+1(J)%:)4&&$F'34)%()*%)-&3)'B&D,(%3,&$+1(JA300&? I>>&$%-31&0+$%+'&':)'D+0<$JB&$%+*??? =77>C'9)A,&%&'&$)$,&$%3$1AB-34&',&%B&%')1%&%(+*-&13%3*%)%>+'&%)1& (31$+1-&F'34)%&H'3$,&'3)'B&D,(,)1&$= =7B>C'9)A:&-%0-)'%?O&-%0-)'%?2+',3)--&4&,)%+>>&$%-31&0+$%+'&'+1 F')0%3(&'&$,&-H1&'A%)$,-H1&'A+1)--&,&,&'%3$1A,&%&'D+$+1&%*)$0<$ *)((&>+'(0&--31&AD)A%3$1*)$0<$0)$3)'B&D,(%3,&$??+1,&%&'><-,(%H$,31% "6
108 -&13%3*%)%1;'&,&%3)'B&D,(%3,&$?e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
109 300&&'),(03-%?T-%(JA$J'D&1>+'%H--&'+*,&(3,(%&56S5_J'A:4&'1)$1D&1 :)'4H'&%FJ>&'3&+14H'&%<,&+10;B&(*J:&-30+F%&'&+1)*B<-)$G&'+1 (J,)$$+1&%A30g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dD+B??(J %EF&D+B(*)$4H-1&'A+1D&1:)'4)-1%&%D+BA,&'&'&$><-,(%H$,313$%&1'&'&%,&-)>``A+1(J,)$:)',&%4H'&%:&-&*3%-34? =77>C'LF3--&',&%&$'+--&>+'A:4+'$J',<1J':D&*A)%,&'(3,,&')$,'&+1 )'B&D,&'FJ0+$%+'&%= =7B>C'Q&DA,&%:)'3$%&%*&,,&*)%1;'&?#$%&%?9&11J':D&*$J'D&1(E$&(D&1 &'4&,)%1J(<00&'0+-,+1%'H$1&'%3-$+1&%)$,&%???I1(J0)$D&1()1%&$(1J :D&*+1>+'%(H%%&*&,)%)'B&D,&??&--&'-),&4H'&W =77>C'T>(-<%$3$1(43(A0)$,<$H4$&$+1-&)>,&>+',&-&+1<-&*F&',<(&' 4&,,&%JB$&0+$%+'*3-D;= =7B>C'T-%(JA,&$(%+'&A(%+'&A(%+'&A(%+'&>+',&-,&%&'A)%,&%&'*&1)(D+4%? 9&1(E$&(43'0&-31)%,&%&'>&(%)%(3,,&,&'3$,&FJ,&%0+$%+'?e:*W L*),,&'(;,&0+--&1&'A(+*D&1&'0+**&%%3-)%-H'&)%FJ&$:&-%A:&-%)$,&$ (+*??,&$+F-&4&-(&43--&D&1)-,'31:)4&4H'&%>+'<,&$??+1D&143--&)-,'31 "5
110 :)4&0+**&%%3-)%0&$,&,&*FJ,&$*J,&A:43(D&1:)4,&(3,,&%)-&$&FJ *3%&1&%-3--&0+$%+'?I1B)'&,&%)%(3,,&()**&$*&,$+1-&)$,'&A,&'+1(J &$1)$13*&--&*%)-&'3%&-&>+$&--&',';>%&'A&--&'&%&--&')$,&%A300&??,&%&' D++1(J$+0%3-)%134&3$(F3')%3+$%3-*31%3-$+1-&)$,'&%3$1A<,&$)%,&% *J(0&(J,)$-31&4&,';'&'*3%>&-%??K&$(J0)$D&1F';4&)%(&Ah$JJJ&A&',&% (J,)$43%H$0&'3P'E1>+$,&$h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hk'':><G0A13,&',&300&($)'%:+-,&,&'&( -31&&%(&0<$,1-3*%43(&--&'(J,)$&%&--&')$,&%*&1&%A*&1&%A*&1&% (DH-,&$%??*&$(&-4>;-1&-310)$,&%(0&?K)$0)$D+)-%3,B-34&F3((&3''3%&'&%?? *&$(+*()1%:)$,-&',&%+*&$(&-4??I1300&+*,&)$,'&? "R
111 Bilag 3: interview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
112 :)4,&:4&'4+'&(-3--&B+0(A4+'&(&1$&0+$%+'&'A,&%4)'&$%EF3(043,&$( )'B&D,(F-),(?T%:4+'43(),*&1&%*&,4+'&(&1$&F'+D&0%&'+1 >+'(0$3$1(+F1)4&'A(J,)$$+1&$%<$1&-)$1(31%&,&$+1&$?I1(J:)4,&D&1 )'B&D,&%FJ^;B&$:)4$(j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l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e--&'(&'D&1&$)>,&>;'(%&,&'0+**&'A+1 (JJB$&'D&1*3$G+*F<%&'+1B&1E$,&')%(&FJ*3$&*)3-(A+1$J'>+-00+**&'A (J:3-(&'D&1FJ,&*A+143$J'+1(J-31&)%4&$,&A)-%(J>?&0(?4)',&%*)$,)13 1J'=eDA*&$+**)$,)1&$ &($)00&-3,%+*f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d
114 3$>+'*)%3+$(&--&'F'&((&G:&>&$+1D&1A&'31)$1*&,&$F'&((&*&,,&-&-(&A(J,& &'+'3&$%&'&%+*,&%A+1(J:)'*)$*<-31:&,>+')%-31&)%4&$,&$+1-& 4H(&$%-31&%3$1A(+**)$300&4&$,&'3$,&3(3%1-)(B<'?LJ,&%1D+',&43%3- %3'(,)1(*;,&%?9&1:)4,&+1(J%+)$,'&*;,&'?K&$31J'4)'>)0%3(0*&'& >')1*&$%&'&%&$,&$,)1F-&D&')%4H'&A+1(J*JD&1(31&A+1,&%4H-1&'D&1300& )%0+**&3$,FJA>+',&%:)'&$)$,&$)--&'&,&()1%A*&$,&%&$,%&3:4&'%>)-, *&,)%43&',&'4&,N%3,&$&--&'(J,)$$+1&%A43(3,,&'%3%%3-4&,_%3,&$A)-%(JA +1,&'*)$*J(0&1+,%*H'0&)%43&'-3,%%'H%%&>+',3,&'1301'3$3,&%A)-%(J *&$,&%&'&$,&-)>,&%? =77>CLJ,)$$+1&%*&,)%(F3(&A*3,,)1(*),&',&%= $<&',&%>'+0+(%%3,30[A(J(31&'43)$,'&D)A+1(J1J'43<,+1:&$%&'>'+0+(%+1 1J'3$,+1(H%%&'+(?LJ43>;-1&(),FJ,&$*J,&30[A(J43,%*<-31%,&%1;'43 >)0%3(0A+143%)1&'D+*)$1&%&-&>+$&',&'3$,&?9)(J,)$&$,)1(+*31J'<,&$)% D&10)$:<(0&,&%3,&%)-D&'AD+D&10)$1+,%:<(0&)%&$)>*3$,&0+--&1&':)4,& %'<00&%%&-&>+$&$>')*31>+',3A(J,)$&',&%$J'D&1(J300&:)'(%3--&%,&%+4&'%3- *3$*+B3-A(J,&%:)4,&D&11-&*%31J'>?&0(?A(J%'H00&':)$%&-&>+$&'$&A:43(,&'&'$+1&$,&''3$1&'%3-*31A+1,&'(),:)$-31&*&,&$%&-&>+$(+*%+1&$ :)-4%3*&(%3,A(+*4)'&$:&$4&$,&-(&>')0'3*3$)->+'(+'1&$A+1,&$&'D&1(J $;,%3-)%%)1&3$,&FJ0+$%+'&%+1,&%43-+1(J(31&)%D&1>+'(%E''&,&)$,'&A0)$ *)$(31&?Z3:)'1D+'%,&%%3-&$4)$&)%$J'43(&-40)$(%E'&4+'&(%&-&>+$+F0)-,A (J%)1&'43,&*A(J%)1&'434+'&(*+B3-+11J'<,A(J1J'43'<$,%3'&G&F%3+$ +>%&(%A,&%0)$430<$A:43(43:)':<(0&%)%43,&'&(%3--&4+'&(%&-&>+$%3-*+B3-&$A &--&':43(43(&-4'3$1&')0%34%<,?LJ,)$&$,)1(+*31J'A43-D&1(31&%3-+**3$ 0+--&1)A*&$D&143-)--31&4&-(31&)%43&'D+>+'(0&--31&+1:)$%)-&'*&1&%:;D%A+1 :)$:)'%3%&%)'B&D,&A:4+':)$%3%(0)->+':+-,&(31%3-$+1&%A,&'&'FJ(0H'*&$A (0)--)4&$+1&%$J'`(0)->+',EB&(313&%&--&')$,&%W &--&':)',&%+1(J$+1&%*&,,31(&-4)%1;'&= "M
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`[(:D&'%&(%)'%&''<$,&',&d666A,&&''&13(%'&%FJ :D&'%&(%)'%&'?,030[A)-%(J(JB-34&',&%>&D'&%)-%(JA*)$>J'-+4%3-)%'JB&:;D%+*,&%A+1+1(J:43(,&'&'$+1&%>+'B)$,&%A)-%(JA:43(4+'&(,3'&0%;'A+F>;'&'(31 <'&1&'-31%0)$43-31&-<00&,;'&$&+14&$,&,&%30A)-%(J$J'*)$A(J4&$,&'43,&%3,&$1'<FF&+14&,)%,&%-31&(+*A)%,&%0)$*)$1+,%A,&%0+**&'300&<, "C
116 ,&'>')30[? =EF>C']J43'0&',&%(J+1(J,3$)'B&D,(,)1A&--&'0)$,&%FJ43'0&,3$)'B&D,(,)13 &$$&1)%34'&%$3$1A$<(H%%&',<,&%3&$F+(3%34'&%$3$1:43(3%'H00&':3$)$,&$ +FA*&$&',&'%3->H-,&:4+'30)$%'H00&:3$)$,&$$&,= =7B>C'k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
117 &>%&'A:4),(0)-43(31&A&0(%&'$&(+*D&1(0)-:)4&*;,&'*&,30[?K&$,&'&' 300&$+1&$A,&'(%E'&',31+1(31&')%(J,)$(0)-,<1;'&,&%A,&'&':&--&'300& $+1&$,&'(%J'+14&$%&'A+1,&'43-300&4H'&&%-;>%&%;D&$B'E$A:43(*)$>;'(% 0+**&'0-+00&$"6A+1&$0+--&1):)'>?&0(?*3$,'&B;'$30[A+1,&<1&':)$:)' B;'$+1,&%4&,43)--&()**&$A+1430<$$&300&,';**&+*)%B++0&:)$( 0)-&$,&'&>%&'0-?"_A3,&<1&':4+':)$:)'B;'$? =77>CI0)EA,<($)00&'+*,&$:&'3$%&')0%3+$A,&'&'3*&--&*D&'FJ0+$%+'&%A &',&%BJ,&>)1-31&+1F'34)%&&*$&'&--&':4+',)$= :3$)$,&$A*&$(J,)$&$'&(F&0%>+'A)%:43(&$F&'(+$(3,,&'*&,;'&F'+FF&'3A (J1J'D&1300&-31&:&$+1(31&'A;::4),*&$&',<&1&$%-31+*,&%:&'?T-%(J(J (&$,&':)$&%(31$)-+*)%:)$:)'B'<1>+''++14&$,&'-3,%'E11&$%3-$J':)$ (0)-(3,,&+10+$G&$%'&'&(31+*)%-H(&A(J4&,*)$-31&(+*)%*)$(0)-WK)$ )>-H(&':3$)$,&$30[+1,&%F'34)%&,&%:;'&*&(%%3-$J'WT-%(JAD&1(E$%&( &1&$%-31,&%43'0&'<,&$43($)00&'+*,&%A(J43'0&',&%(+*+*43-311&',&%3 E,&'%3*&'$&A(J,&%&'>;'(%FJ*+'1&$&$+1(3,(%FJ&>%&'*3,,)1&$A:4+'*)$&' )--31&4&-&'-3,%%'H%+1($)00&'+*:4),*)$(0)-:D&*+1-)4&)>*),A(J,&% 300&>E-,&',&%:&-&?K&$,&$&'4H(&$%-3143-D&1(31&A+143,&$,&-3$1FJ,&% >)1-31&A,&'B'<1&'43:3$)$,&$*&1&%+(,&'(3,,&'*&,)$(;1$3$1&'A$<(3,,&' &$)>*3$&0+--&1&'>?&0(?300&*&,)$(;1$3$1&'+1,&%1;'&$)$,&$:&--&'300&A *&$43)$,'&A(3,,&'+1(J*&,)$(;1$3$1&'A43B'<1&':3$)$,&$A430)$+1(J :;'&:3$)$,&$+143-E%%&'+1(J%3-:3$)$,&$(*J,&%3-)%:J$,%&'&)$(;1&'&FJ $J',&'3$1&'A+143A)-%(J,&%&'>)0%3(0WQ<:4+'D&1>?&0(?:;'&'&$0+--&1)%)1& %&-&>+$&$+1,&%&'&$&--&')$,&$:)$($)00&'*&,+*0'3$1&%&--&')$,&% F'+D&0%A(+*D&10)$:;'&:)'$+1&%*&,0'3*3$)->+'(+'1&$)%1;'&A(J(F;'1&' D&1+*,&%&'$+1&%D&1(0)-43,&$+1&%+*A(J,&%&'>+',3A(J:)$:)':)$>J&%&$ 0+$%)0%<,&>')4&',&$A(+*D&1*J(0&300&4&,$+1&%+*A+1,&%&'-31&(+* $+1&%D&1(0)-:+-,&*31-3,%+F,)%&'&%FJ?LJFJ,&$*J,&B'<1&'43:3$)$,&$%3- )%>3$,&<,)>A:4),&',&'1)$13AFJ,&%+*'J,&?QJ'43(0)-43,&$,&-&'31%31%A )-%(J(H%%&'+($&,4&,()*%)-&'A(J(H%%&'43+(<,3(+>)&$&--&'3$,0)-,&'%3- *;,&?O43($<D&1:)'&%&--&')$,&%A>?&0(?)'B&D,&'D&1*&1&%*&,B;'$+1<$1& F(E03)%'3A+1,&%1;'D&1(J*&,`A(+*&'>+'(0$3$1(G:&>A,&'(3,,&',&'3$,&30[A 56
118 (J(F;'1&'D&1:)*+*:)$300&-31&:)'%3,%3-)%0+**&<,3(+>)&$A>+'D&1 (3,,&'-31&*&,,&%:&'+1:4),(E$%&(:)$+*,&%A&--&'(J,)$$+1&%?LJ(3,,&' 43,&'<,&A+1&--&'(:+-,&'43*;,&'+*,&%>?&0(?Z3:)4,&&%*;,&31J'A:4+'43 ($)00&,&+*(%')%&13FJ,&%+*'J,&A+1)-%(J(JB++0&'43&%'31%31%*;,&A:43(43 &',&%?K&$&$4H(&$%-31,&-)>A+1,&%)%:)4&>3$1&'&$FJF<-(&$A,&%>+'&1J'4&, )%-E%%&+1-E%%&(&-&0%34%,&%&'D+;4&-(&$A,&$&'(4H'AD),&%&',&$A$+1-&1)$1& &'*)$B&,'&%3-,&%&$,)$,'&A,&%0+**&'+1(J)$FJ:<*;'&%A)-%(J:4+' *&1&%*)$0)$-<00&)>? =77>C'Q<($)00&',<+*)%#:+-,&',&:&'F'34)%&()*%)-&&*$&'%3- E,&'%3*&'$&?LJ,)$$+1&%(+*)'B&D,('&-)%&'&,&&*$&'A&',&%&'+1(J$+1&%A,&'>+'&1J'3F)<(&'$&= =7B>C'Q&D,&%&',&%300&A,&%0)$43()1%&$(>3$,&FJ(JA+1:43(43:;'&'&%&--&' )$,&%:3$)$,&$(31&'(J0)$43-31&:)4&&$($)0:&$+4&''&+-&$,&'3$,&A:43(&$ )$,&$>?&0(?:)'1)$13&%&--&')$,&%A(J(%3--&'43+(-31&+F($)00&'? =77>C'I0)E? =7B>C'j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l31&(+*D&1()1,&FJ&%%3,(F<$0%B&%E,&',&%43-,%*&1&%>+'4+'&( >;-&-(&)>>H--&((0)B+14H',3&'A+1>H--&(1'<$,-)1A+1D&1%'+'`A(+*0+*>')&$ )$,&$)'B&D,(F-),(A:4+',&'4)'-<00&,&0+$%+'&'AD&1%'+')-,'31:<$43--&4H'& B-&4&%&$,&-)>,&%:&'4H',31'<$,-)1A:43(:<$300&4)'B-&4&%0)(%&%3$,3,&%,&'>H--&((0)BFJ,&$*J,&? =7B>C'Q&DA>+'F-31%&%-E,&'$&1)%34%A,&%43--&D&11&'$&B)'&AD&1(H%%&'F'3(FJ,&%A*&$D)D&1&'+1(J>+'F-31%&%A*&$D&1%)1&'1&'$&*&'&FJ*31&$,D&1$;, %3-A43-D&1(31&A)-%(J? =77>C'Z3--&,<$+1&$(3$,&A:43(,<:)4,&*<-31:&,&$>+',&%AB'<1&*<-31:&,&$ >+')%B'<1&&%-<00&%0+$%+'= =7B>C'K)$0<$$&1+,%>+'(%3--&(31)%A3(%&,&%>+')%%)1&&$:D&**&)'B&D,(,)1 )%(J:)4,&43&$'H00&0+$%+'&'A:4+'430<$$&1J3$,+1(31&)%$<:)'43A$< (0)-43)-%(J-31&(3,,&+1-)4&:)$,-3$1(F-)$3,)1A(J)%>+-04&,,&%A*&$)%*)$ ()*%3,31&',&'?#43'0&-31:&,&$4)',&%:&'-+0)-&(J,)$&%A*&$,&':)'4H'&%(J *&1&%'<$FJ*;,&-+0)-&'(J,&%-31&(+*&'B-&4&%3$,,')1&%AA,&%&',&'>+',&% :&,,&'B')3$(%+'*A%'+'D&1$+0A,&%4)'*&$3$1&$)%*)$(0<--&4H'&0-+1 :&'3$,&? =77>CZ31J'43,&'&%3-&%(F;'1(*J-A,&':&,,&'A%'+',<*)$(0)-B&(3,,&$+1-& B&(%&*%&0+*F&%&$G&A>+')%4H'&3,&%JB$&)'B&D,(*3-D;= 5N
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`(+*#*;,%&,&'<,&A(+*(3,,&'()**&$*&,`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`%)1&'%&-&>+$&$A &:)''&13(%'&'&%,&%A(J(31&':<$0)$3300&-31&1J<,&$>+'A+1(J&'*)$ +F*H'0(+*3%3,&$&>%&'A*&$,&%H$,'&'300&*3%(E$FJ:)*&--&':&$,&? O)',<*J%%&H$,'&,31(+**&,)'B&D,&'A&>%&',<&'(03>%&%%3-,&%JB$& 0+$%+'*3-D;= 300&A(&-4+*D&1B&(0'&4)%,&%0<$$&B-34&>')1*&$%&'&%+1(J,)$$+1&%A(J%'+' D&1300&)%D&1>J'-)4&%*3$,'&A$<A*&$D&1>J':&--&'300&-)4&%*&'&?9&1:)' $&**&'&4&,)%:+-,&*31+F,)%&'&%A*&$*J(0&>+',EB&'D&1*31-3,%*3$,'&? 5_
123 (313&%JB&$%0+$%+'*3-D;A)%,<+1(J3--<(%'&'&)%,<43(&',<&'JB&$= =7B>C'i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b31%31'31%31*&1&%A-31&$<B'<1&'D&1,&$300&A>+',3D&1>)0%3(0:)',&% (J,)$A)%D&1:&--&'&43-FJ)'B&D,&&$,)%(3,,&,&':D&**&A1'<$,-H11&$,&A+1-31&$<:)'D&1300&&$:&-*)((&D&1(0)-(0'34&A*&$,&%)%:)4&,&$>'3:&,A,&% &',&D-31%A300&"66F'+G&$%A*&$,&%:)'D+300&0<$$+1&%*&,JB$& 0+$%+'*3-D;&')%1;'&A,&%:)'$+1&%*&,)'B&D,(F-),(&$+10)')0%&'&$)>*3% )'B&D,&)%1;'&30AD)? =EF>C'P'+',<,&'&'&$>+'(0&->'),&%)'B&D,&3&%-<00&%0+$%+'+1,&%JB$&3 5d
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dA,&%1;',&$<300&A)-%(J(J&',&' %+*%A(E$%&(D&1?LJD)? =EF>C'Q<%)-&',<+*,&%3>+':+-,%3-)%1J$J',&)$,'&1J'A*&$:)',<+1(J&$ %&$,&$(%3-)%B-34&,&'-H$1&'&$J')$,'&&',&'-H$1&'&= =77>C'O4+',)$%'+',<,&%0)$4H'&= )%*)$:)'(*JB;'$*)$(0)-:D&*%3-A(J&',&%)GG&F%&'&%*&$,&%)$,&%&'A)% 5M
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d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e',&%,3$+F-&4&-(&)%,&'&'$+1&$A3:&-&,&%:&'+*'J,&A300&0<$3$,&$ 5C
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
127 Bilag 4: interview 3 $#D#$%&'()*+,-./0.#'' ' =EF>C'@&%&'K300&-A,&'0+**&'%3-)%>;'&3$%&'43&f&%+10+**&'D&1%3-)% (%3--&$+1-&(<FF-&'&$,&(F;'1(*J-A:43(,&'&'$+1&%D&1>;-&')%K300&-*)$1-&' &--&'>+')%'&>&'&'&%3-B)1&%3-$+1&%>+')%F';4&)%B&4)'&+4&'B-300&%? =77>CZ343-(%)'%&*&,$+1-&B)11'<$,((F;'1(*J-+1(J43-43(%3--&$+1-&*&'& '&>-&0(34&(F;'1(*J-B)1&>%&'?9&143-1&'$&(%)'%&*&,)%(F;'1&+*A:4),,3$ <,,)$$&-(&&'= =7B>C'9&1&'G)$,?*)1?3,)$(0'*&,3&43,&$(0)B+10<-%<'>+'*3,-3$1A>') LE,,)$(0+1k':<(j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l3,%-31&(+*,&%&'$<A(JD&1:)' F';4&%,&%>;'?9&1:)'+1(JF';4&%)%(3,,&FJ(J,)$&%-3--&%+S*)$,(0+$%+'? =77>CI0)E?9)A*&$(J43-D&11J43,&'&%3-)%(F;'1&,31+*$+1-&%3$1+*0'3$1 )'B&D,(-34&%3,&%JB$&0+$%+'*3-D;?I1-31&%3-)%(%)'%&*&,(J43-D&1(F;'1&+*A :4+',)$A+1,&%&'B)'&30+'%&%'H0A:4+',)$,3$)'B&D,(,)14)'31J'= =7B>C'k:AD)*&$,&%%EF3(0&&'D+,&%A)%*)$-;B&'%3-*;,&'3$,3*&--&*30[A+1 (J(3,,&'*)$+1)'B&D,&'FJ(3$F-),(+1(J?LJ,&%&'%EF3(0&$4&0(&-*&--&*+1 (3,,&)%)'B&D,&4&,(3$G+*F<%&'A4H'&%3-*;,&'A+4&$FJ%EF3(0A&--&'4H'&%3- *;,&'<,&3BE&$?Q+1&$1)$1&:)'D&1+1(J%)1&%)'B&D,(,)1&,&':D&**& (3*F&-%:&$A:4+'*)$0)$)'B&D,&:D&**&>')? R6
128 =EF>C2+'-),&',<+1(J,3$)'B&D,((%)%3+$>+')%1J'<$,%+1%)-&*&,0+--&1)&'= >+':+-,(43((%+'A(J$+1-&1)$1&(0)-*)$-31&$&,+1($)00&*&,$+1-&)>,& )$,'&$&,&3,&$)$,&$&$,&A(J,&%&'(J,)$-3,%.+4&'+1:&$%&&$0+F0)>>&+1 :4),*)$$<&--&'((0)-? =77>CO4),*&,(J,)$$+1&%*&,)%(F3(&()**&$*&,,3$&0+--&1)&'= D&1300&A%3A>&*%&$*J(0&?I1,&%&'D+300&+()--&()**&$,&'0)$4H'&,&'FJ a$1)$10)$*)$(31&a+1$+1-&:&'$&,&3%'e1:&,(1'<ff&$0)$1+,%-3,&)%(f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e',<1-),>+')%:)4&,&$*<-31:&,>+')% =7B>C'%3-'&%%&-H11&*3$&,)1&= =77>C'9)= =7B>C'9)A:&-%0-)'%A:&-%0-)'%?9&1B+'3b+(03-,&+1:)'>)0%3(0-)$1%FJ)'B&D,& 0)$*)$(31&A(J,&%,&'*&,A:43(,&'&'$+1-&(H'-31&F&'3+,&'A:4+'*)$(0)- -H(&&--&'0+$G&$%'&'&(31+*$+1&%A)%*)$(J:)',&$*<-31:&,>+')%)'B&D,& 0+--&1&'+1(J,)$$+1-&%3$1?e',&%$+1&%,<1;'*&'&$<A&$,,),<4)'3,&%A,< R"
129 ($)00&,&+*)%,<:)4,&&%%+S*)$,(0+$%+'= =7B>C'9)A,&%4)'(J&$)$,&$+'1)$3()%3+$0)$*)$(31&A:4+',&%-31&(+*4)'A,&%-J-31&(+*3D+BB&%A)%,&%4)'*31,&'4)'F'+D&0%-&,&'FJ,&%:&'+1,&'4)' 300&(J*)$1&0+--&1)&'A(J,&%&'(&-4>;-1&-31*&1&%$)%<'-31%$<A)%$<&'433&$ +'1)$3()%3+$A:4+'43&'"d*&,)'B&D,&'&A)%43,&-&'*&1&%*&,:3$)$,&$+1&' *&1&%(J,)$0-)'FJA:4),:3$)$,&$1J'+1-)4&'A3$+1-&(3%<)%3+$&'3:4&'%>)-,? LJD&143-(31&)%43B'<1&'*&1&%:3$)$,&$+1,&%-H11&',&%(&-4>;-1&-31+1(J+F %3-A$J'43(3,,&'(+*431;'A)%,&%&'$&*%)%:;'&A:4),:3$)$,&$%)-&'+*X (&-4>;-1&-31BJ,&3%&-&>+$()*%)-&'+1:43(*)$-31&(0)-(F;'1&&$0+--&1)+* =7B>C'9)*&$)-%(J>+',&-&$&'(&-4>;-1&-31)%*)$4&,&$43,&$,&-3$1A0)$*)$ (31&A:4),&',&'<,>+','3$1&'3A:4),&',&')>,3(0<((3+$&'A1J&$,&A(+**)$ &$%&$0)$B3,')1&*&,&--&'B)'&B-34&0-+1&'&)>A+1,&%&'D+134&$,&A*&$,&% &'+1(J&$%3,(';4&'0)$*)$(31&?T-%(J$+1-&1)$1&&',&%D+43,&$A*)$300& $;,4&$,3143(:)'B&:+4>+'?LJ&',&'*<-31:&,>+')%*)$B)'&0)$(H%%& ;'&F'+FF&'$&3+1(J-31&(+*-<00&)>A*&$,&%&'D+&%(%&,A:4+',&'B-34&'1J&% *&1&%>'&*+1%3-B)1&+1>+-0(3,,&'D+300&4&,,&'&(F-),(>')$3%3->&*?LJ,&% 0)$1+,%$+1-&1)$1&4H'&(4H'%)%-<00&)>A43-D&1(31&A>+',3,&'&',&$-)'*? =7B>C'9)A,&%&',&$?Q<(3,,&'43D+3(J,)$&$0-<*F3$,&:+(+(A:4+'43(3,,&' %'&(0'34&B+',&()%+F*+,:3$)$,&$A(J)-%(JA,&%D+300&0<$>)1-31%?/&(%&*% 300&A)-%(J,&%0)$D+()1%&$(-31&4H'&+*A:4),-)4&,&D&131J')-%(JA+1,&$ B&%E,$3$1&'D+:&--&'300&-31&4&,0)$*)$(31&?T-%(JA:4+',)$&',&%-31&,&$ 0+--&13)-&+*1)$143:)'*&,:3$)$,&$AB&%E,&'(&-4>;-1&-31+1(J*&1&%>+')%43 0&$,&':3$)$,&$FJ&$)$,&$*J,&<,+4&',&%'&$%>)1-31&A(+**J(0&300& 43--&4H'&FJ()**&*J,&A:43(43(),FJ:4&'%4+'&(0+$%+'A(J43--&,&%*J(0& 4H'&*&'&,&%>)1-31&*)$130&>%&'A:43(*)$:)4,&&%&--&')$,&%(F;'1(*J-? =77>C2;-&',<A)%,&'&'(0)B%&$&--&')$,&$>H--&((0)B(>;-&-(&3+1*&,)%# (3,,&'(&0(FJ&%0+$%+'()*-&%= =7B>C'9)A,&%(E$&(D&1?T-%(J,&%134&':&-%0-)'%$+1&%)$,&%(J,)$'&$%(+G3)-%A &$,:43(43(),:4&'>+'(31? R5
130 0)$%3$&$A)%B-34&',&'($)00&%)'B&D,('&-)%&'&,&&*$&',&'3$,&+1(J= =7B>C'QJ'43(F3(&'>'+0+(%>+'&0(&*F&-=' =77>C'9)= &'+1(J%'E1:&,(1'<FF&$A(+*(3,,&'3,&$)$,&$&$,&A(+*D++1(J(F3(&' >'+0+(%A$+1-&)>,&*3:4&'%>)-,,&'3$,&?LJ,&%&'*&'&(J,)$,)1-31,)1(%3$143 ($)00&'+*,&'3$,&? 4&,,&%+',= =7B>C'Z3,&$,&-3$1,&%>+'(%J'D&14&,A(J,)$:&-%0+$0'&%A3>+':+-,%3-)%$< 0+**&',&'&$:&$4&$,&-(&(+*0<$$&4H'&3$%&'&(()$%A&',&%$+1&%43(0)- >+'>;-1&X&',&%&%(F;'1(*J-A,&''&D(&'(31A(+*43300&-31&:)4,&%H$0%+4&'? e',&%>?&0(?&$)>*3$&0+--&1)&'a,&':)'4h'&%fj&$&--&')$,&$0+$>&'&$g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d*&,)'B&D,&'&A+1,&$&'*J(0&%3-F)(-3--&%3-)%0<$$&(31&)%43 0)$-31&(+*4H'&*&,3A:4),:3$)$,&$-)4&'? =77>C'e',&%,3$+F-&4&-(&A)%$+1-&43,&$,&-&'*&'&)0%34%AFJ0+$%+'&%A&$, )$,'&= RR
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e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l3,%*&'&(F&G3>30%3>+':+-,%3-D&'&(0+$%+'A+*,<>;-&')%,&'&'$+1-&)> Rd
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
135 >J'+F0)-,+1,&%0)$1+,%4H'&-3,%3''3%&'&$,&$+1-&1)$1&>+'D&10)$D+ ()1%&$(:;'&'A:4),,&'B-34&'()1%$&,&3,&$)$,&$&$,&A+1,&%1&$&'&' %3-(E$&-),&$,&300&,&*A*&$,&%1&$&'&'*31?T-%(JFJ,&$*J,&A)%D&1B'E,&' *31,)300&+*)%(3,,&4&,*3%(0'34&B+',+1%)-&3%&-&>+$:;D%+1%E,&-31%?LJ :)'D&1)-%3,*3$%&-&>+$&--&'43,&'&(%3--&%%3-*3$*+B3-A(J:43(D&1(0)-%)-&3 %&-&>+$A(J1J'D&1)-%3,<,)>-+0)-&%?l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e',<3(%)$,%3-(J,)$)%-H11&)'B&D,&%>'),31$J',<(J :)'>'3= =7B>C#00&)-%3,AB&(%&*%300&?T-%(J,&'&'D+F&'3+,&'A:4+'*)$:)'%')4-%?2+' &0(&*F&--31&$<&',&%&$%')4-F&'3+,&?I13*+'1&$&',&%>'3,)1A*&$,&%&',&%(J300&>+'*31A>+',3,&'&'-31&$+1-&%3$1A,&'(0)-1;'&(+1,&%*JD&1D+(J B)'&1;'&:D&**&>')?LJD&1(E$&(,&%&'(4H'%)%-H11&,&%>')(31A*&$,&%&' *&'&(J,)$A:43(D&1(0)-:)4&$+1&%(0'&4&%&--&')%D&1(0)-:)4&$+1&%-H(%A)% RC
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
137 $+1&%3;'&$&A&--&'(J(31&AD)*&$(J)'B&D,&'D&1:D&**&>')'&(%&$)> &>%&'*3,,)1&$?K&$,&'&'+1(J1'H$(&'>+'A:4+'*&1&%*)$0)$,&%?2+',&%&' D+300&>)(%&)'B&D,(,)1&A3+1*&,)%,&%&':D&**&)'B&D,(,)1&A+1*)$0)$D+ 300&>+',3>+-0300&%'+'FJA)%*)$1;',&%A*&$>+-00)$D+3F'3$G3FF&%1;'& :4),(+*:&-(%$J',&&',&':D&**&? =77>C'LJ,<&'+F*H'0(+*FJ,&%= =7B>C'9)A)-%(J,&%%'+'D&1?Q+1&$1)$1&?2?&0(?`)'B&D,&':D&**&3,)1A$J*&$ :)$&'3:4&'%>)-,&$+'*)0%34FJ*)3-&$?T-%(J,&%0)$1+,%4H'&-3,%(+*&% B&43(>+')%*)$)'B&D,&'>)0%3(0300&<,&3:)4&$4&-?LJ>+-0:)'(J,)$&$3$,'&A &%&--&')$,&%*&,A)%*)$-31&(0)-43(&)%*)$-)4&'>)0%3(0,&%*)$(31&'*)$ -)4&'?K&$D&1(E$&(,)A,&%&',)>+'(%E''&$,&3,&%JB$&A*&$,&%:)'B)'& -31&(+*)-%3,4H'&%43-0J'&$&+1(J:)'*)$><$,&%(3$4&D3,&%A(J1+,%*)$$< 0)$? =77>C'e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
138 WR
139 #a B)'9*""* WT
A B C D E Hjemmeværnmuseet's arkiv/depot Søgaard Distrikter - LMD. Reol/hylde Region/distrikt/m.m. Kasse nr. Indhold 2C3 Flyverhjemmeværne 1
0 A B C D E Hjemmeværnmuseet's arkiv/depot Søgaard LMK Distrikter - LMD. Reol/hylde Region/distrikt/m.m. Kasse nr. Indhold C Flyverhjemmeværne Flyverhjemmeværnet LMD Odense Nyt fra stabseskadrillen -.
Jordforureningsattest
Jordforureningsattest Denne jordforureningsattest er baseret på de informationer, der er registreret i den fællesoffentlige landsdækkende database på jordforureningsområdet, DKjord. Attesten er baseret
Spildevandsplantillæg nr. 2 vedr. Rettelse af fejl i gældende spildevandsplan, og ændring af spildevands håndtering i opland i det sydlige Kregme
Spildevandsplantillæg nr. 2 vedr. Rettelse af fejl i gældende spildevandsplan, og ændring af spildevands håndtering i opland i det sydlige Kregme 1 Indholdsfortegnelse 1 Baggrund 3 1.1 Grundlag for tillægget
DEKLARATION. Påtaleret tilkommer Roskilde Byråd, der alene kan ændre og ophæve nærværende deklaration.
29.EB.21E21)(113:=19Å,iaDROSKEOMMJEKNFORV46332897 NO.474 P.2/7 -.Jo 7 4VENWETAY4Rie ROSKILD po4wa glmwdaw44'1,..r i "N 14607-0. Roskilde kommune Teknisk forvaltning Set. Ols Stræde 3 4000 Roskilde ø5.08.93
Byggemodnede og salgsklare parcelhusgrunde i Randers Kommune
SOLGT RESERVERET Ved salg orienteres: Britt Applon, Rasmus Heller, Jan Rył, Ivar Krogsb Kommende arealer: k Jensen samt ajourfłre jordforsyningsplan. Tj rbyvang II. Fłrste halvdel af 2. etape kan v re
BJB 06012-0018 5. T e l: 050-35 4 0 61 - E-m a il: in fo @ n ie u w la n d.b e - W e b s it e : - Fa x :
D a t a b a n k m r in g R a p p o r t M A a n g e m a a k t o p 17 /09/2007 o m 17 : 4 3 u u r I d e n t if ic a t ie v a n d e m S e c t o r BJB V o lg n r. 06012-0018 5 V o o r z ie n in g N ie u w
A BCDE EAF AE C C C C AE A C CD C A B C DEFA A B B
C C C AE A C CD C A B C DEFA A B B F A A F F D EFF AA C A B B D B D D B F B D B C C C AE A C C E C AB CDE BF FAB E A A DA A B B A AB A B F B BB A B A AB B A A B B B A AB E A B A BB D A AB DA BB BB B B
17 B 17 A 19 B 1 9 C A. Antal boliger: 37 Bolig størrelse: m2. 12 J 7000aa 31 J F 3 31 N 31 M. Tiltag:
000p bb cg u F C D L z C ay ac bt 0af ae bi Nav: Tøreha resse: Søgae tal bolig: olig størrelse: - m 0ao s 0am bq 0p Nav: øgeha resse: Tøre -J tal bolig: 0 olig størrelse: m bl bx H y G br 000ak 0l bk bv
Byplanvedtægt for byplanområde XXXII. i Herlev kommune.
Byplanvedtægt for byplanområde XXXII i Herlev kommune. April 1976 I medfør af byplanloven ( lovbekendtgørelse nr. 63 af 20. februar 1970 ) fastsættes følgende bestemmelser for det i 1 nævnte område i Herlev
LOKALPLAN 13.08A Tilbygninger i boligområdet Åsager
LOKALPLAN 13.08A Tilbygninger i boligområdet Åsager Dokumentet har gennemgået en bearbejdning, for at komme på anvendelig digital form. Derfor kan afvigelser fra den tinglyste plan ikke udelukkes. GREVE
Partiel byplanvedtægt nr. 16
Partiel byplanvedtægt nr. 16 for et område af Mosede By, Greve Sogn i Greve-Kildebrønde kommune Dokumentet har gennemgået en bearbejdning, for at komme på anvendelig digital form. Derfor kan afvigelser
Vedtægter for Grundejerforeningen Værebrohøj, Jyllinge
1. Foreningens stiftelse. Jyllinge d. 28. juni 2010 Foreningen er stiftet ved 1. generalforsamling i København, den 10. oktober 1960. Navnet er: Grundejerforeningen Værebrohøj. Følgende matrikler er og
FORSLAG TIL Delvis ophævelse af Lokalplan 46
FORSLAG TIL Delvis ophævelse af Lokalplan 46 Erhvervs- og bolig område Tommerup st. Indholdsfortegnelse Redegørelse Delvis ophævelse af Lokalplan 46.................................................. 4
Vedtægter for Kildeholm Grundejerforening. Foreningens navn er Kildeholm Grundejerforening. Foreningens hjemsted er Ølstykke.
Vedtægter for Kildeholm Grundejerforening Foreningens navn er Kildeholm Grundejerforening. Foreningens hjemsted er Ølstykke. 1 2 Foreningens formål er, dels at varetage grundejernes fællesinteresser, herunder
Helårsbeboelse i sommerhuse for pensionister
Kortbilag 11A er rettet 19. sep. 2013, p.g.a. fejl i matrikelkortet. Nyt kortbilag 11A sidder bagerst i planen. Temalokalplan 360-50 og Kommuneplantillæg 13 Helårsbeboelse i sommerhuse for pensionister
VEDTÆGTER. for. Frennegårdsparkens. Grundejerforening
VEDTÆGTER for Frennegårdsparkens Grundejerforening Februar 2010 Navn, hjemsted og formål 1 Foreningens navn er Frennegårdsparkens Grundejerforening. Dens hjemsted er på formandens bopæl i Hørsholm Kommune
Holdelementnavn XPRS fagbetegnelse (kort) Norm. elevtid (skoleår) Lektioner (antal) 1g ap Almen sprogfors 0 28 totalt 3g as Astronomi 44 1g bk
Holdelementnavn XPRS fagbetegnelse (kort) Norm. elevtid (skoleår) Lektioner (antal) 1g ap Almen sprogfors 0 28 totalt 3g as Astronomi 44 1g bk Billedkunst 47 1g bi Biologi 10 41 2a BI Biologi 45 95 2c
Indhold. 4 Beretning Markedsføring i Kina 7 Lokalt samarbejde 8 1 ud af 3 gæster på 2 hjul 9 Møder og events 10 Fri adgang til natur
Å I f f I f - f f f f f f f f f I f f f f f f f f f f f f f f f f f f f f f f I f f f f f f f f f f f f f f f f f f I f f V f f f f f f f f f f V f f C f f C V f f Ø f C I f C V f f f f f f - % f V V
Tilslutnings- og forblivelsespligt Lergraven
Tilslutnings- og forblivelsespligt Lergraven Februar 2014 Indholdsfortegnelse Side 2 af 12 Indholdsfortegnelse Resumé og indstilling... 3 Redegørelse for projektet... 4 Ansvarlig... 4 Forhold til varmeplanlægningen...
Nr. 21. Partiel byplan. for et område af ROSKILDE KOMMUNE. beliggende i Vestermarken ROSKILDE. Felix Møllers Bogtrykkeri v/ S. & V.
Nr. 21 Partiel byplan for et område af ROSKILDE KOMMUNE beliggende i Vestermarken ROSKILDE Felix Møllers Bogtrykkeri v/ S. & V. Pedersen 1975 I medfør af byplanloven (lovbekendtgørelse nr. 63 af 20. februar
Skandinavien KØR SELV HOTELRUNDREJSER. C.H./Innovation Norway. Trym Ivar Bersmo
Ø HUJ.H./ w 25 f f Fx f 211 9 Öæ Höf æ å f j 807 jø 19 øø jä 2111 b 1 Zp F ø j 1328 H f fjö j F H å fjö jö 149 H 1 ö fj Hø ø pp Hf 1191 p j 2089 ä ø jå F p ä Ub 1907 j jä j 1599 H 1796 F ø j jä Jä p J
HVORNÅR. UNØDVENDIGT volden er faldet 19% - der er ingen unge i gaden efter kl gaden er ren kl ULEMPER: FORDELE: ALTERNATIVER:
O å Ey J J å EIEE A ZOE: å ø ZOE 1 å, h y, y y A ø f ø f P h ZOE 2 å h, h y f, ø å hø å h ø å Ph E å y ø f ZOE 3 å, h h ø f D h ø y J c E c h ø A A A A P A A ø D D D P ø z ø y ø P ø ø A J z P A A cc -
Sdr. Svenstrup By, Svenstrup. Signaturer: 9f. 7000f. 7000p. 7r 11y 11aa. 8l 7000b. 4gm Bonderup Gde., Ellidshøj 1p. 7000m 11q. Dalvej. 11z. 12e.
2.000 o 47 2an 15b Banevej 15c 29d 30b 2a Sdr. By, 23s 23l 2ps 2h 4g 4ir 5bq 5o 3c holm Sdr. By, 7000aq 7do 15o 7000r 6l 7000q 10q 9ah 9ai 6dd 4h 5p 2b 9f 4c 10d 14g 1 5m 5r 8m 7000p 7p 6f 27d 4iø 4iz
fhair 52.0"; ( ^ ^ as Z < ^ -» H S M 3
fair 52.0"; (515 974 ^ ^ as ^ -» S M 3 > D Z (D Z Q LU LU > LU W CC LO CO > CD LJJ > LJJ O LL .. O ^ CO ^ ^ ui,"" 2.2 C d. ii "^ S Q ~ 2 & 2 ^ S i; 2 C O T3 Q _, - - ^ Z W O 1- ' O CM OOCMOOO'-'O'^'N
PARTIEL BYPLANVEDTÆGT NR. 3 FOR DEL AF HVALSØ
PARTIEL BYPLANVEDTÆGT NR. 3 FOR DEL AF HVALSØ BYPLANVEDTÆGT FOR DEL AF HVALSØ STATIONSBY. I medfør af byplanloven (lovbekendtgørelse nr. 63 af 20. februar 1970) fastsættes følgende bestemmelser for det
beliggende omkring Bernstorffsgade.
BYPLANVEDTÆGT NR. 25. Bernstorffsgade m.v. Byplanvedtægt for et område i Aalborg Kommune, beliggende omkring Bernstorffsgade. STADSARKITEKTEN I AALBORG FEBRUAR 1966. AALBORG KOMMUNE. BYPLAN-VEDTÆGT NR.
LOKALPLAN Udkast. Ophævelse af Byplanvedtægt nr. 25 for et område i Bernstorffsgade, Vejgård
LOKALPLAN 4-1-118 Ophævelse af Byplanvedtægt nr. 25 for et område i Bernstorffsgade, Vejgård 08.11.2018 Indholdsfortegnelse Hvad er en ophævelse? 1 Baggrund 2 Eksisterende forhold 3 Fremtidige forhold
Partiel byplanvedtægt nr. 16
Partiel byplanvedtægt nr. 16 for et område af Mosede By, Greve Sogn i Greve-Kildebrønde kommune Dokumentet har gennemgået en bearbejdning, for at komme på anvendelig digital form. Derfor kan afvigelser
BYPLANVEDTÆGT nr. A 1 Avedøre Hvidovre kommune
A l BYPLANVEDTÆGT nr. A 1 Avedøre Hvidovre kommune Byplanvedtægt for et område af Avedere by, Brendbyester sogn, Glostrup kommune, omfattende *Avederegård villaby«,»storegårdens villaby«og»vesterkær«.
LOKALPLAN 58 LOKALPLAN FOR ET OMRÅDE NORD FOR VESTER DALEN I GENTOFTE KOMMUNE
LOKALPLAN 58 LOKALPLAN FOR ET OMRÅDE NORD FOR VESTER DALEN I GENTOFTE KOMMUNE 87 LOKALPLAN NR.58 FOR ET OMRÅDE NORD FOR VÈSTERDALEN I GENTOFTE KOMMUNE BYGNINGSVÆSENET GENTOFTE KOMMUNE 87 ~j~ie!~l SI:1
Natur frem for beton. Jørgen Skaarup og Troels Karlog Frederikssund Forsyning og Kommune
Natur frem for beton. Jørgen Skaarup og Troels Karlog Frederikssund Forsyning og Kommune Frederikssund Forsyning ledelsen 17-09-2012 2 Fælles kloak bassin i Slangerup bymidte 3 Bassin bag biografen Nøgletal
Restaurering af bynære vandløb. Et samarbejde mellem. Frederikssund Kommune og. Frederikssund Forsyningen
Restaurering af bynære vandløb. Et samarbejde mellem Frederikssund Kommune og Frederikssund Forsyningen Jørgen Skaarup Frederikssund Forsyning Byens Vand Troels Karlog Frederikssund Kommune Restaurering
NORRECCO. Vi tager os af jorden! Prisliste
OCCO f! l l OCCO f! l p l fyl ml / / / / / / / / / / / / / / fyl f fyl (p) p l Æ / mx l II ( ) ( ) l Æ l ml () m /m,,,,,,7,,,,,,7 / / y G / /,,,7, /,,, 7,,,,,,,,7,7,,,,,,,,7,7,,,,, 7,,,,,,,,,,,,7,,,,7,,,,,
LOKALPLAN NR. 55 FOR ET SOMMERHUSOMRADE I SKODBJERGE HOLMSLAND KOMMUNE
G- LOKALPLAN NR. 55 FOR ET SOMMERHUSOMRADE I SKODBJERGE HOLMSLAND KOMMUNE HOLMSLAND KOMMUNE Teknisk Forvaltning KIRKEVEJ 4 6960 HVIDE SANDE TELEFON 97 31 13 33 TELEFAX 97 31 27 65 GIRO 4 06 23 29 Indholdsfortegnelse
VEDTÆGTER. 1 Navn og hjemsted. Foreningens navn er "Grundejerforeningen Kratlodden/Kærlodden", Ballerup kommune.
GRUNDEJERFORENINGEN KRATLODDEN/KÆRLODDEN VEDTÆGTER 1 Navn og hjemsted. Foreningens navn er "Grundejerforeningen Kratlodden/Kærlodden", Ballerup kommune. 2 Område og medlemmer. Foreningen omfatter matr.
Supplerende ansøgning om dispensation (matr.nr. 4a Glostrup By, Glostrup, Østervej 45)
Glostrup kommune Rådhusparken 2 2600 Glostrup Att.: Susanne Nørgaard Dato: 08-12-2014 J.nr.: 2013060 Supplerende ansøgning om dispensation (matr.nr. 4a Glostrup By, Glostrup, Østervej 45) I henhold til
Aktuelt tinglyst dokument
Aktuelt tinglyst dokument Dokument: Dato/løbenummer: 02.12.2011-1003152574 : Senest påtegnet: 02.12.2011 19:45:51 Ejendom: Adresse: Sct. Laurentii Vej 150 9990 Skagen 0092c 0090u 0095i 0090d 0110ac 0110ad
Viborg Kommune Boliggrunde - priser pr. 1. januar 2007
Bjerringbro Gudenåvej Under udstykning 52 360 332.000,00 Kloak, el, vand og a conto varme 8.000 kr. Excl. Moms Bjerringbro Gudenåvej Under udstykning 54 360 332.000,00 Kloak, el, vand og a conto varme
Funder-Låsby Tegningsfortegnelse Rev. 2.0
Fu-Låby Tifot Rv -- Ti Tit Rv Ubt iit Afvi to COWI ti -- Etpi Spu-o MCJ Ovit -- Etpi Spu-o MCJ Ab o v MCJ -- Etpi Spu-o MCJ ivi 8 MCJ 8-8- Etpi Spu-o MCJ o -8, OF f -v Liøv, R Hovti -- Etpi Spu-o MCJ o
LOKALPLAN NR. 24. VEDTAGET l BYRÅDET D.8OKT.1980 ØLSTYKKE KOMMUNE
LOKALPLAN NR. 24 ENDELIG VEDTAGET l BYRÅDET D.8OKT.1980 ØLSTYKKE KOMMUNE ØLSTYKKE KOMMUNE Lokalplan nr. 24 for et område beliggende øst for Ny Toftegårdsvej, vest for Sperrestrupvej, syd for projekteret
Lokalplan nr Tillæg om butiks- og erhvervsskiltning. håndhævelse af skilteregler i Solrød Kommune FORSLAG
SOLRØD KOMMUNE BYRÅDET Lokalplan nr. 704.1 Tillæg om butiks- og erhvervsskiltning håndhævelse af skilteregler i Solrød Kommune Indhold Lokalplanvejledning Hvordan er lokalplanen bygget op? 3 Hvad er en
ODENSE KOMMUNE LOKALPLAN NR. 20-230
ODENSE KOMMUNE LOKALPLAN NR. 20-230 FOR ET OMRÅDE MELLEM RISMARKSVEJ - TARUPVEJ - RUGVANG SAMT TILLÆG NR. 1 FOR LOKALPLANENS OMRÅDE B I N D H 0 L D S F 0 R T E G N E L S E AFSNIT 1. Lokalplanens formål
51 E84 Friis, Carsten Bank Frantsen, Tom 2106 ½:½ (Fynsmesterskabet 2010) c4! 26. g3 xc1 27. xc1 xe4 28. a7 d5 29.
51 E84 Friis, Carsten Bank 2326 - Frantsen, Tom 2106 ½:½ (Fynsmesterskabet ) 4-2- 1. d4 f6 2. c4 d6 3. c3 g6 4. e4 g7 5. f3 O-O O 6. e3 c6 7. ge2 a6 8. d2 b8 9. O-O-O O b5 10. cxb5 axb5 11. d5 b4 12. dxc6
Partiel byplanvedtægt nr. 27
Partiel byplanvedtægt nr. 27 for et område af Karlslunde by og sogn Greve kommune Dokumentet har gennemgået en bearbejdning, for at komme på anvendelig digital form. Derfor kan afvigelser fra den tinglyste
Matr. nr. 1aLungholm inddæmning, Olstrup
Matr. nr. 1aLungholm inddæmning, Olstrup 1e 1a 1a 604024 m² 1r 1aa Tangvej 1n Tegningsnr. : LE34_ 100128-1016_ 2 Ret til at etablere natur (permanent indgreb), jf. 33, stk. 4 1: 3000 15 1q Matr. nr. 1rLungholm
Holdelementnavn XPRS fagbetegnelse (kort) Norm. elevtid (skoleår) Lektioner (antal) 1g ap/10-da Almen sprogfors 14 1g ap/10-la Almen sprogfors 14 1g
Holdelementnavn XPRS fagbetegnelse (kort) Norm. elevtid (skoleår) Lektioner (antal) 1g ap/10-da Almen sprogfors 14 1g ap/10-la Almen sprogfors 14 1g ap/11-da Almen sprogfors 14 1g ap/11-la Almen sprogfors
Forbud mod spillehaller i fem lokalcentre
Lokalplan 1075 Forbud mod spillehaller i fem lokalcentre Ll. Skensved Lellinge Boholte Boskov Holmebæk 2018 2 Indhold Lokalplan 1075 Forbud mod spillehaller i fem lokalcentre Redegørelse Lokalplanens formål
Gribskov kommune Tisvilde By, Tibirke
Birkevænget 1 10 cx 2036 2 Birkevænget 2 10 cp 2836 2 Birkevænget 3 10 cz 2010 2 Birkevænget 5 10 cy 2085 2 Birkevænget 6 10 cr 2953 4 Samlet 10 cs 2940 ejendom Birkevænget 7 10 cn 2045 2 Birkevænget 9
SDR. TRANDERS KOMMUNE BYPLANVEDTÆGT NR. 3 FOR. DEN SYDLIGE DEL AF GUG BOLIGOMRÅDE 3A OFFENTLIGT OMRÅDE
SDR. TRANDERS KOMMUNE BYPLANVEDTÆGT NR. 3 FOR. DEN SYDLIGE DEL AF GUG BOLIGOMRÅDE 3A OFFENTLIGT OMRÅDE Byplanvedtægt nr. 3 for den sydlige del af Gug I medfør af byplanloven (lovbekcndtgørelse nr. 160
Delvis ophævelse af Lokalplan 46(planid
Delvis ophævelse af Lokalplan 46(planid 179067 Erhvervs- og bolig område Tommerup st. Indholdsfortegnelse Redegørelse Delvis ophævelse af Lokalplan 46..................................................
BYPLANVEDTÆGT FOR NØDEBO-OMRÅDET. Byplanvedtægt nr. 41
BYPLANVEDTÆGT FOR NØDEBO-OMRÅDET Byplanvedtægt nr. 41 Byplanvedtægt nr. 41 - for Nødebo-området I medfør af byplanloven (lovbekendtgørelse nr. 63 af 20. februar 1970) fastsættes følgende bestemmelser for
DOKUMENT: Dato/løbenummer: TINGLYSNINGSDATO:
side 1 ================================================================================ DOKUMENTAKTUELHENT ================================================================================ DOKUMENT: Dato/løbenummer:
Tillæg til Lokalplan 65. For et villaområde kaldet Eventyrkvarteret
Tillæg til Lokalplan 65 For et villaområde kaldet Eventyrkvarteret REDEGØRELSE... 3 Lokalplantillæg... 3 Formål... 3 Indhold... 3 Miljøvurdering... 4 VVM... 4 BESTEMMELSER... 5 1. Formål... 5 2. Lokalplanområdets
* I lr,3 I li=;ia. gltgetlneei. s I l.iel t cb,f. ? I lsa*l Is*iA. $ I l=r I leer'i. islel seelaliheia F I IFF I IFF*1. =:=l lh=;l lfre'si :=EU
Y ci c+c\ > >> J 6B xr. t 0fJ) tt rj 6t (V 6g r cg A i! :.?6 [. _. 6> t\n t\\ Y '': t ib Y\At :U g i.j ct l l P ij li^ ri Y'+ (Yt r?3 '.0 ii r\ " \J/ iy ri 9 rt3.8 'n A! 6s X ct.:+. l*lq* Ui9 *..1 *.*.!i.i
PLAN, BYG OG MILJØ. Lokalplan nr. 502. For et nyt boligområde nord for Svinghulen i Svebølle
PLAN, BYG OG MILJØ Lokalplan nr. 502 For et nyt boligområde nord for Svinghulen i Svebølle Tillæg nr. 17 til Bjergsted Kommuneplan 1997-2008 Indhold Kalundborg Kommune Lokalplan nr. 502 for et nyt boligområde
Eftersyn. På adressen: Krogsagervej Fredericia. Efter aftale. Auk: 2760 Kat: 2. Kapgæringssav m/benindstilling.
2760 - Div. NYE små maskiner, plæneklippere, værktøj m.v. Udlevering / Eftersyn Auktionen slutter Udlevering På adressen: Krogsagervej 50 7000 Fredericia Fredag d. 09. juni 2017, 09:00-14:00 Eftersyn På
VEDTÆGTER FOR GRUNDEJERFORENINGEN SEKSTETTEN. 1.1 Foreningens hjemsted er Vorup by og sogn i Randers Kommune.
VEDTÆGTER FOR GRUNDEJERFORENINGEN SEKSTETTEN 1. HJEMSTED 1.1 Foreningens hjemsted er Vorup by og sogn i Randers Kommune. 2. NAVN OG FORMÅL 2.1 Foreningens navn er Grundejerforeningen Sekstetten. 2.2 Foreningens
PROGRAM. 10 aftner med historier, film og masser af musik. www.gladsaxejazzklub.dk. September-november 2014
RORM 10 f h, f f u p- 2014 www.xzzu. Ih 3 F 4 w zz w 5 D zz Eup 6 F w p 7 w O D 8 c Cph 9 F f u 10 D zz u 11 Jzz 12 100 zz 13 Jzz 14 T Jzz 15 p Jzz f, h fu p zz h, u u. M upu u, f 100 uf, zz, u f 21. hu
1 JENS PORSBORG Jela HENRIK DAHL
1 JENS PORSBORG Jela HENRIK DAHL Kære elev! Vi lærer at læse ved at læse. Og for at blive en god og sikker læser, skal vi læse meget rigtig meget. Når du skal læse ord, skal du bruge bogstavernes lyde
BYPLANVEDTÆGT FOR ÅLHOLMPARKEN. Byplanvedtægt nr. 53
BYPLANVEDTÆGT FOR ÅLHOLMPARKEN Byplanvedtægt nr. 53 Byplanvedtægt nr. 53 for Ålholmparken I medfør af byplanloven (lovbekendtgørelse nr. 63 af 20. februar 1970) fastsættes følgende bestemmelser for det
LOKALPLAN NR. 65 FOR ET SOMMERHUSOMRÅDE I SØNDER HAVRVIG
LOKALPLAN NR. 65 FOR ET SOMMERHUSOMRÅDE I SØNDER HAVRVIG i henhold til lov om planlægning (lov nr. 338 af 14. juni 1993) fastsættes herved følgende bestemmelser for det i 2 stk. l nævnte område. HOLMSLAND
Tillæg nr. 1 til lokalplan 01.32 For et sommerhusområde i Evetofte Januar 2012
Tillæg nr. 1 til lokalplan 01.32 For et sommerhusområde i Evetofte Januar 2012 Natur og Udvikling Halsnæs Kommune Rådhuset Rådhuspladsen 1 3300 Frederiksværk Tlf. 47 78 40 00 Hvorfor laver vi en lokalplan?
Matr. nr. 271lRødby Markjorder
Matr. nr. 271lRødby Markjorder 549a 271k 13a Finlandsvej 271i 629 m² 271l 2 m² 271n Sulkavavej 271m 271o 271q 271d 271p Sulkavavej 244ec Tegningsnr. : LE34_ 100128-1043_ 3 Ret til at udvide veje (midlertidigt
