Effective Date: 1/1/2007
* Resignation - voluntary employment termination initiated by an employee.
* Discharge - involuntary employment termination initiated by the company.
* Layoff - involuntary employment termination initiated by the company for nondisciplinary reasons.
Grubstake 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 Grubstake, or return of Grubstake-owned property. Suggestions, complaints, and questions can also be voiced.
Since employment with Grubstake is based on mutual consent, both the employee and Grubstake 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. 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.