SEKO - Global Policies & Employee Handbook 2019

SECTION 3 FOR WHAT BENEFITS ARE YOU ELIGIBLE

AS A SEKO EMPLOYEE? 3.1 Are you eligible for Vacation Days?

One of SEKO’s Core Values is “Work Hard/Play Hard” - so we understand the importance of taking time to relax, unwind, and enjoy a well-deserved break from work. As such, all full-time employees are eligible to accrue paid vacation time. Vacation is granted as an incentive to future work, not as compensation for past work. Vacation is earned on a pro rata basis, as follows:

Years of Service

Hours Accrued Per Pay Period - Full Time

Maximum Calendar Year Accrual - Full Time

Hire date up to 5 years

3.08 hours

10 days/80 hours

More than 5 years but less than 10 years

4.62 hours

15 days/120 hours

More than 10 years

6.15 hours

20 days/160 hours

ELIGIBLE NEW HIRES. For new hires, vacation time will accrue on a pro-rata basis throughout the calendar year as stated above. Accrued vacation time during an employee’s first full calendar year of employment with SEKO will be reflected pro- rata beginning on the employee’s first paycheck following thirty (30) days of continuous employment. EXISTING EMPLOYEES. Vacation time may be advanced before it is accrued on a case-by-case basis within SEKO’s sole discretion. This policy exists to allow employees to take time off before it is actually accrued and earned throughout the year. Employees advanced time will be expected to continue working to accrue the time already taken before additional time is earned. Employees may carry over a maximum of five (5) vacation days into the following calendar year, provided these vacation days are used within the first quarter of the following calendar year. If not used within the first quarter of the following calendar year, these carried-over days will be lost. Accrued but unused vacation time will not be paid to employees at the end of each calendar year, and will not be banked or carried over to any succeeding calendar year in excess of the allowance in this policy for any “carry over” days.

During Family and Medical Leave, VESSA Leave, or other leaves of absence, employees will not accrue any vacation time (unless otherwise required by law). In the event of an employee’s resignation or termination, the monetary equivalent of all accrued but unused vacation time will be paid to the employee. PROCESS FOR SUBMITTING REQUESTS FOR VACATION TIME. All employees must submit vacation time requests through SEKO’s Payroll/ HR System with sufficient advance notice to enable SEKO to meet its business needs. Employees are also encouraged to submit extended vacation requests (i.e., for more than one week’s vacation) at the beginning of the calendar year, or as soon as practically possible, to avoid scheduling conflicts with their coworkers. All vacation requests will be sent to the employee’s immediate supervisor who will either approve or deny the request. SEKO will generally grant requests for vacation time when possible, taking the business needs of SEKO into consideration. If necessary, an employee’s vacation time will be scheduled or re- scheduled to avoid interfering with SEKO’s business or operations. When multiple employees request the same time off for vacation, operational needs and seniority may determine priority in scheduling vacation times.

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