Employment Termination

Termination of employment is an inevitable part of personnel activity within any organization, and many of the reasons for termination are routine. Below are examples of some of the most common circumstances under which employment is terminated:

* Resignation - voluntary employment termination initiated by an employee. * Discharge - involuntary employment termination initiated by the organization.

Sni Valley will generally schedule exit interviews at the time of employment termination. The exit interview will afford an opportunity to discuss such issues as employee benefits, conversion privileges, repayment of outstanding debts to Sni Valley, or return of Sni Valley-owned property. Suggestions, complaints, and questions can also be voiced.

Since employment with Sni Valley is based on mutual consent, both the employee and Sni Valley have the right to terminate employment at will, with or without cause, at any time. Employees will receive their final pay in accordance with applicable state law.

Employee benefits will be affected by employment termination in the following manner. All accrued, vested benefits that are due and payable at termination will be paid. Unused sick leave benefits will not be paid to employees upon termination of employment. Some benefits may be continued at the employee's expense if the employee so chooses. The employee will be notified in writing of the benefits that may be continued and of the terms, conditions, and limitations of such continuance.

Policy No.  405  Issued  6/29/2000  Applicable  6/29/2000