Page 28 - SpaceVR Inc Handbook

• During an employee's first and last week of employment, if

they work less than a full week

If an employee believes that an improper deduction has been
made, they should immediately report this to their manager or

Fredrik Dahl, responsible for payroll processing. Reports will be
promptly investigated and if it is determined that an improper
deduction has occurred, the employee will be promptly

reimbursed.

PAY ADJUSTMENTS, PROMOTIONS AND DEMOTIONS

All pay increases are based upon merit, market factors, and the

profitability of the Company. There may not be an automatic
annual cost of living or salary adjustment. Employee pay also may
be adjusted downward. Salary decreases may take place when

there is job restructuring, job duty changes, job transfers, or
adverse business economic conditions. Demotion is a reduction in

responsibility, usually accompanied by a reduction in salary. If
demotion occurs, employees will maintain their seniority with the

Company.

PERFORMANCE EVALUATION

Employees will generally receive an appraisal of their job

performance annually. This evaluation may be either written or
oral. Such evaluation may not occur at exactly the same time each

year, but thereabout, at the discretion of the employee's
manager.

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