14 LAWS OF MARYLAND. [CH. 1

(3) Two and seven-tenths per centum with respect to
employment during the calendar years 1938 and thereafter.

(c) RECORDS OF EMPLOYER.

The Board shall maintain a separate account for each
employer, and shall credit his account with all the contri-
butions which he has paid on his own behalf. But nothing
in this Act shall be construed to grant any employer or
individuals in his service prior claims or rights to the
amounts paid by him into the fund either on his own be-
half or on behalf of such individuals. Benefits paid to
an eligible individual shall be charged against the account
of his most recent employers against whose accounts the
maximum charges hereunder have not previously been
made in the inverse chronological order in which the em-
ployment of such individual occurred, but the maximum
amount so charged against the account of any employer
shall not exceed one-sixth of the wages payable to such
individual by each such employer for employment which
occurs on and after the first day of such individual's base
period, of $65.00 per completed calendar quarter or portion
thereof, whichever is the lesser. The Board shall by gen-
eral rules prescribe the manner in which benefits shall be
charged against the accounts of several employers for whom
an individual performed employment during the same week.

PERIOD, ELECTION, AND TERMINATION
OF EMPLOYER'S COVERAGE.

8. (a) Any employing unit which is or becomes an
employer subject to this Act within any calendar year shall
be subject to this Act during the whole of such calendar
year.

(b) Except as otherwise provided in subsection (c) of
this section, an employing unit shall cease to be an em-
ployer subject to this Act only as of the 1st day of January
of any calendar year, if it files with the Board prior to
the 5th day of January of such year, a written application
for termination of coverage, and the Board finds that there
were no twenty different weeks within the preceding cal-
endar year, within which such employing unit employed
eight or more individuals in employment subject to this
Act. For the purpose of this subsection, the two or more
employing units mentioned in paragraph (2) or (3) or (4)
of section 19 (f) shall be treated as a single employing unit.

(c) (1) An employing unit, not otherwise subject to