# Document Image

This document appears to be an insurance policy endorsement for International Business Machines Corp. (IBM). Below is the transcription of the key information and details from the document:

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**Policy Number:** 89 06 923  
**Effective Date of Policy:** 5-21-79  
**Effective Date of Endorsement:** 5-21-81  
**Agent's No.:** 50 515 810  
**Additional Premium:** $1,238,449  
**Return Premium:** $25  

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**Endorsement Details:**
- This endorsement is issued by the company named below, which is the insurer under the policy designated above.
- The endorsement forms a part of said policy as of the effective date hereof at the hour stated in the policy declaration.

**Agreement on Deposit Premium:**
- The deposit premium for the policy period from 5-21-81 to 5-21-82 shall be computed as follows:
  - **Estimated Payroll:** $4,125,000,000
  - **Rates per $1,000 of Payroll:**
    - S. $0.18174
    - P. $0.11849
  - **Premiums:**
    - S. $749,678
    - P. $488,771

**Premium Payment Schedule:**
- **Date Due:** 5-21-81  
  - **Amount:** $206,407
- **Date Due:** 6-21-81  
  - **Amount:** $206,407
- **Date Due:** 7-21-81  
  - **Amount:** $206,407
- **Date Due:** 8-21-81  
  - **Amount:** $206,407
- **Date Due:** 9-21-81  
  - **Amount:** $206,407
- **Date Due:** 10-21-81  
  - **Amount:** $206,407

**Casualty Department:**
- JOHNSON & HIGGINS
- DAY 4-30-81 PA

**Insurance Companies:**
- ZURICH INSURANCE COMPANY
- AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

**Counterparties:**
- [Not specified]

**MM 009559**

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This document outlines the terms and conditions of an insurance policy endorsement for IBM, including the premiums, payment schedule, and associated details.