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10. SEPARATION
FROM EMPLOYMENT
There are two
types of termination, voluntary and involuntary. If the
Company initiates the termination, then it is considered to be
involuntary. If you initiate the termination, then it is
considered to be voluntary. We would usually like to have two weeks
notice of voluntary termination. However, as an
“at will” Employee, you are free to terminate your
employment with the Company at any time and for any
reason. Furthermore, as an “at will”
Employee, the Company may terminate you at any time, for any
reason, with or without cause or notice. Please see
Section 3.1 above. The Human Resources Director and/or
management personnel may conduct exit interviews with Employees
prior to termination.
10.2
Severance Pay for North American Employees
An at-will
Employee who is involuntarily terminated by the Company without
cause after the completion of one (1) year of employment will
be paid severance pay in recognition of the Employee’s length
of service and as more fully described below. The one
(1) year of employment requirement is calculated from the date the
Employee was hired as an employee by the Company. If an
Employee first worked for the Company as a contractor, such time is
not recognized for purposes of computing the one (1) year
period. An Employee who is terminated for cause will not
be paid a severance. A cause termination includes, but
is no
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