Employment Termination

405 Employment Termination

Effective Date:

Revision Date:

There can be many reasons why employment may terminate. The following are some of the most common reasons for termination of employment:

* Resignation - voluntary employment termination initiated by an employee.

* Discharge - involuntary employment termination initiated by the organization.

Since your employment with Ideal is voluntary and at will, you may terminate your employment at any time, with or without cause or advance notice. Likewise, Ideal may terminate your employment at any time, with or without cause or advance notice.

Your benefits are affected by termination in several ways. All accrued, vested benefits that are due and payable at termination will be paid out. You may be allowed to continue some benefits by paying for them yourself. You will be notified in writing about which benefits you can continue and the limitations and details of how to continue them.

Policy No.  405  Issued  8/2/2005