Company Policy: Forfeiture of Benefits Upon Termination or Departure

Policy Statement

This policy outlines the company’s stance on the forfeiture of employee benefits, including vacation and
wage supplements, upon termination or voluntary departure from the company.

Policy Details

1. **Vacation Benefits**: Upon termination or voluntary departure, all unused vacation time will be
forfeited and will not be paid out to the employee in their final paycheck, unless otherwise required by
local labor laws.

2. **Wage Supplements**: Wage supplements, such as bonuses, commissions, or other forms of
incentive pay, will be forfeited upon termination or departure, unless otherwise specified in the
employee’s contract or required by local labor laws.

3. **Benefit Plans**: Participation in benefit plans, including health insurance, retirement plans, and
other similar programs, will cease on the termination or departure date.

This policy is subject to change at the company’s discretion and does not constitute an employment contract or guarantee of benefits.