401(K) Plan All employees 20 years of age or older may participate either in the traditional pre-tax or Roth 401(k) Savings Plan on the first entry date following the Employee’s date of hire. Employees can defer the maximum amount allowed by IRS regulation. A Safe Harbor contribution of three percent (3%) of eligible compensation is contributed each year to eligible Employees. The company can also provide a matching contribution which is determined annually. Plan Entry dates occur on a quarterly basis (January 1, April 1, July 1 and October 1). For profit sharing contributions, employees will be eligible on the first entry date following the completion of six (6) months of service and the attainment of age 20. You are always 100% vested in your Elective, Safe Harbor, Roth, and Rollover Contributions. Otherwise, contributions will be subject to the following schedule for each year you complete required service: Years of Service Vested Percentage Less than 2 0% 2 33% 3 66% 4 100% While you are an employee, you will become fully vested in your Employer Contributions upon reaching normal retirement age, or in the event of your death or total and permanent disability. You will also be fully vested if the plan terminates. Please contact Human Resources for more information about the 401(k) Plan. Leaving LHD Resignation When an employee decides to leave for any reason, their supervisor and Human Resources would like the opportunity to discuss the resignation before final action is taken. If, however, after full consideration the employee decides to leave, it is requested that the Employee provide the company with a written two-week advance notice period. A brief exit interview will be conducted by Human Resources of the departing Employee prior to the individual leaving. COBRA In the event of your termination, resignation, or loss of eligibility to remain covered under our group health insurance program, you and your eligible dependents may have the right to continued coverage under our health insurance program for a limited period of time at your own expense under the Cobra Provision Act. You will receive COBRA information 14 days following the last day of coverage under our group health insurance program. BACK TO TABLE OF CONTENTS | 32