Page 35 - SpaceVR Inc Handbook
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Vacation begins to accrue immediately on a pay period basis and
may be used following completion of the employee’s Introductory
Period. Vacation time no longer accrues once that employee’s
accrual reaches a level one and one‐half times the annual
amount, they are eligible to accrue at that time. When that point
is reached the employee must take vacation to begin accruing
again.
Employees may carryover all unused vacation up to the accrual
cap each year. All unused vacation will be paid out upon
employment separation.
Vacations need to be scheduled with the appropriate manager
with sufficient notice so as to not disrupt the workplace.
HEALTH AND WELFARE BENEFITS
The Company complies with all applicable federal and state laws
with regard to benefits administration. All regular employees
scheduled and generally working at least 40 hours a week are
entitled to health insurance and other company‐sponsored health
benefits, when in effect. The Company reserves the right to
change or terminate health plans or other benefits at any time.
New qualifying employees will be eligible for coverage following
90 calendar days. New employees may elect not to be covered,
with the permission of the Company, provided the percentage of
employees not covered is within the benefit plan specifications.
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