2.3 Introductory Period The introductory period at Midwest Fastener Corp. typically lasts for the first 90 calendar days after hire, allowing new or rehired employees to demonstrate their performance and assess fit. During this time, either the employee or the company can end the employment relationship at will, with or without cause or notice. This period is used to evaluate employees’ capabilities, work habits, and overall performance. Significant absences will extend the introductory period, to allow for more evaluation time. Employees promoted or transferred within the company must complete a secondary introductory period of the same length. If an employee is not successful in the new position, they may return to their former or a comparable job, depending on availability and company needs. Upon satisfactory completion of the initial period, employees working 40 hours per week will be considered full-time. The at-will employment status remains unaffected, meaning termination can occur at any time. During the introductory period, employees are eligible for legally required benefits and may also qualify
Independent Contractor or Consultant These individuals are not employees of the Company and are self-employed. An independent contractor or consultant is engaged to perform a task according to their own methods and is subject to control and direction only as to the results to be accomplished. Independent contractors or consultants are not entitled to benefits. Each employee will be advised of their status at the time of hire and any change in status. Regardless of the employee's status, the employee is employed at-will, and the employment relationship can be terminated by the Company or the employee at any time, with or without cause. *New York, New Jersey, and Michigan Part- Time, Seasonal, and Temporary employees are eligible for paid sick time. **Seasonal Employees are excluded from paid time off unless state/local laws require. *All employees with average credited hours of 30 or above are eligible for healthcare insurance 2.2 Definition of Credited Hours Credited hours are defined as the actual time an employee is paid for work at Midwest Fastener Corp., as well as the time an employee is not working for the following reasons: • Scheduled paid time off and unpaid time off (PTO, UTO) • Midwest Fastener Corp. recognized holidays (Hol, Unpaid Holiday) • Jury Duty; as required by state and federal law (JD) • Funeral days: up to three days for immediate family (BRV) • Work Shortage (WS) • FMLA (FML) • Workers’ Compensation (WCO, WCI, WCP) • Planned shutdown; up to 2 weeks • Short term layoff; up to 2 weeks
for other company-provided benefits, subject to specific program terms.
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