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12 

401 (k) Plan

After 30 days of full-time employment, employees may defer up

to $18,000 in 2016. Employees age 50 and older may defer an

additional $6,000 in 2016. The company can match contribu-

tions on a bi-weekly basis at 100% for the first 3% of salary;

then 50% of the next 2% to a maximum of $265,000 of

compensation. Employees are immediately vested in employer

matching contributions.

Enroll at

my.vanguardplan.com

Paid Time Off (PTO)

Employees will accrue 15 days of Paid Time Off (PTO) for the first 2 years of service, prorated for

the first year. At 3 years of service employees accrue 20 days per year, increasing incrementally to

30 days at 10 years of service. Employees may carry over up to half of what they accrue into the

next calendar year.

Carryover policy differs for California employees. Please refer to the

Employee Resource Manual

for specifics.

2016 Company Paid Holidays

Holiday

Day

Date

New Year’ Day

Friday

January 1st

President’s Day

Monday

February 15th

Memorial Day

Monday

May 30th

Independence Day

Monday

July 4th

Labor Day

Monday

September 5th

Thanksgiving Day

Thursday

November 24th

Day After Thanksgiving

Friday

November 25th

Christmas Day

Friday

December 23rd

Day After Christmas

Monday

December 26th

One Floating Holiday

-

-

Full-Time Employees

Min. PTO

Max PTO Carryover

0-3 Years of Service

15 Days

7.5 Days

3-10 Years of Service

20 Days

10 Days

10+ Years of Service

30 Days

15 Days