--000000000000d7bade062f35d8d2 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you, Bob On Thu, Feb 27, 2025 at 11:04=E2=80=AFAM Robert Valliant wrote: > Hi all: > > I am writing as a reminder regarding eligibility for incentive payments > for employees terminating from TK. > > In order to be eligible for payment for a prior performance month from an > incentive plan in which they were participating: *Their termination date > must be on, or after the payout date for a prior performance month.* See > below the exceptions to this policy. > > For example, an Operations employee on the Keys Plan who resigned, with a > termination date of tomorrow, 2/28, will NOT be eligible for their JAN > bonus to be paid on 3/7. And, they of course, would also NOT be eligible > for their FEB bonus, to be paid on 4/4. > > The applicable section in the incentive plan documents is displayed below > for your reference. This policy has been in place since at least 2023. > > Please ensure all of your managers remain aware of this policy, and if > presented with an employee resignation, they should remind the employee o= f > this policy stated in their plan document. > > Kristen: When your team receives inquiries on this eligibility question, > they can provide this policy language to the querying employee, without > need for further escalation. However, hopefully, these inquiries will en= d > based on the policy reinforcement at this time. > > 3) *Partial Year Plan Participation:* A Plan Participant may become > eligible or lose eligibility under the Plan at any time during the Plan > Period. In those situations, the following policies will apply: > > > b) *Separation:* Where a Plan Participant terminates employment with > the Company prior to the bonus payment date, no bonus is earned and/or pa= id > (except as noted below under Reduction in Force). > > c) *Reduction in Force / Death:* In the case where a Participant > (otherwise eligible) is involuntarily terminated as a result of a reducti= on > in force or death that occurs after the end of the Plan Period and before > the bonus payment date, a bonus will be paid for the completed period. No > proration will be made for partial periods. > > > --=20 *Kristen Jarbo, PHR* Manager, HR Service Center | *TheKey* Phone: 757.708.2954 HRServiceCenter@thekey.com 1.888.874.8088 *I am located in the Eastern Time Zone and I am sending this communication at a time that suits my schedule. Please do not feel obligated to respond outside of your designated working hours.* --000000000000d7bade062f35d8d2 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you, Bob On Thu, Feb 27, 2025 a= t 11:04=E2=80=AFAM Robert Valliant < bob.valliant@thekey.com > wrote: Hi all: I= am writing as a reminder regarding eligibility for incentive payments for = employees terminating from TK. In order to be elig= ible for payment for a prior performance month from an i