5.1 Employment termination

Terminations are part of personnel activity at any company.

Examples and definitions of common termination types:

• Termination: employment termination initiated by the Company

• Layoff: employment terminationfor non-disciplinary reasons.

• Resignation: employment termination initiated by an employee.

Employees who terminate employment shall return company property. No final employee payment will be made until all items are returned in appropriate condition. The cost of replacing unreturned items is deducted from the employee’s final pay.

Any outstanding financial obligations owed will also be deducted from the employee’s final pay.