Page 17 - nou Systems Employee Handbook Final

30 days of such an event and provide the necessary documentation. Please notify Human
Resources should your designated beneficiaries change for your life insurance, disability
insurance, ESOP or 401(k) Retirement Savings Plan.
All insurance is effective on the 1st of the month following start date.

Paid Time Off

nou Systems believes that a good balance of work and personal life leads to happy and productive
employees.

Vacation - Full-time Employees are eligible for 10-20 days of annual leave, depending upon years
of experience. In general:
• 0–24 months of service = 10 days annual
• 24–72 months of service = 15 days annual
• 72+ months of service = 20 days annual

Paid Time Off (PTO) - Full-time Employees receive 48 hours annually of paid time off for illness,
injury, or personal business.

Holidays - Full-time employees receive nine (9) paid Holidays per year.

Vacation, PTO, and Holiday leave is prorated for full-time employees who work a reduced
schedule (30-39 hours/week).

Retirement Benefits

Effective immediately upon hire:
• 401(k) Retirement Benefits
• Employee Stock Ownership Plan - nou Systems offers eligible employees’ ownership in
the Company through our ESOP. The ESOP is a retirement plan funded by Company stock
contributions at no cost to the employee.
Continuous Learning and Career Development

nou Systems supports continuous learning and career development and offers a wide range of
opportunities including:
• Technical Seminar Series
• nou U On-site Learning Courses
• Professional Development Program and Tuition Reimbursement

nSI Employee Handbook 17 Rev. 4 (2021))