Page 20 - nou Systems Employee Handbook Final

5.0 Separation of Employment

In all cases of voluntary resignation (one initiated by the employee), employees are asked to
provide a written notice to their supervisors at least two weeks in advance of the last day of work.
The two weeks’ notice should be 10 actual working days. Holidays and paid time off (PTO) will
not be counted toward the notice. Human Resources will conduct an exit interview on or before
the last day of employment, including to collect all Company property, and employees must
cooperate fully with the interview. If applicable, information regarding benefits continuation
through the Consolidated Omnibus Budget Reconciliation Act (COBRA) will be sent to the
employee’s home address. You will be paid your final wages, accrued and unused Paid Time Off
(PTO) (if applicable), and if applicable, notified of any cancellation in benefits, in accordance with
applicable law in the office in which you are located.

Should it become necessary because of business conditions to reduce the number of employees
or work hours, this will be done at the discretion of the Company, in accordance with applicable
law. For all separations, Company-owned property, including vehicles, keys, identification
badges, computers, credit cards and all confidential information, must be returned immediately
upon termination of employment, unless otherwise communicated.

Verifications of employment are completed by Human Resources; they will verify name, title,
dates of employment only.

Retirement

Employees who wish to retire are requested to notify their Supervisor and the Human Resource
department in writing at least one (1) month before the planned retirement date.

the circumstances of the termination. Any accrued vacation will be paid in the last paycheck.

5.1 Benefits and Separation
Health insurance terminates the last day of the month of employment. Any employee
contributions toward their health insurance premium through the end of the month may be
deducted from the employee’s last paycheck. Information for Consolidated Omnibus Budget
Reconciliation (COBRA) continued health coverage will be provided. Employees electing COBRA
coverage will be required to pay the full monthly health insurance premium following separation
from the Company.

5.2 Exit Interview and Out-Processing
The separating employee will contact the Human Resource department as soon as notice is given
to schedule an exit interview and out-processing. The out-processing will be on the employee’s
last day of work or another day, as mutually agreed upon. In an effort to evaluate our programs

nSI Employee Handbook 20 Rev. 4 (2021))