ITU AbsorbTech Employee Handbook

Performance Appraisal Policy and Pro- cess

employee’s work.

410 Travel Expenses & Mileage

It is our policy that all employees should receive a formal written performance appraisal at least once a year. These appraisals measure the individual’s performance against accepted Company standards for the duties stated in the employee’s job description and the skills required to do them. Appraisals are also the time to review the objectives agreed upon in the employee’s last performance evaluation and the degree to which those goals were successfully accomplished. The reviewer will discuss the results of each performance evaluation with the employee. All employees will have the opportunity to make written comments about the appraisal. All appraisal and comment forms must be signed and dated by both the employee and the manager. The review documents are to be sent to the Human Resources Department and become part of the employee’s personnel file. 409 Terminations We hope that you will remain with ITU AbsorbTech for many years; however, it is recognized that the employment relationship is at-will and may be terminated either by you or by the Company at any time. If an employee decides to voluntarily terminate their employment, it is requested that the employee provide the Company with a written two-week advance notice period. It should be kept in mind that vacation days may not be included in the two-week notice period. The purpose of the notice period is to allow for a smooth transition of the

Mileage put onto your personal vehicle does not require a receipt, but you must specify the number of miles traveled, the destination, customer/prospect or business purpose in order to be reimbursed. Employees who regularly drive, using a company vehicle, for business are put onto our standardized tracking system for mileage; infrequent drivers, using a personal vehicle, should use the expense report for reimbursement. Each expense report is to be submitted, with all original receipts attached, to your manager for approval. Non-receipt producing minor purchases, like tolls and parking meters, do not require a receipt for reimbursement. ITU AbsorbTech will reimburse employees for meal and hotel expenses when they are traveling overnight on Company business. Meals are not covered for day trips unless the trip exceeds normal working hours. On overnight stays, the Company will cover reasonable lodging and meal costs; but will not pay for entertainment, movies, recreation, or alcohol either on the Company credit card or via reimbursement.

Lean principles reduce operating costs and are the foundation for our continuous improvement efforts. Blue Ocean products and services are the cornerstone for continued growth and profitability. Innovation is essential. Growing the Business Our Way means working with customers who share similar philosophies. Inherently, this means we always compete on value and never on price.

Our Tenets 10-11

We think your future is bright.