The Company will assist you with the tuition costs of private education for your two children through the end of the 2019/2020 school year, and for such longer period as the Company may determine in its sole discretion, in an amount up to $20,000.00 per year for each daughter. The Company will gross-up any such reimbursement amount for taxes withheld on such reimbursements, with a true-up between the parties in the following tax year for any additional or lower amounts actually incurred with respect to the reimbursement. Proof of payment must be submitted to the Human Resources department in order for you to qualify for this assistance.
Your performance will generally be reviewed annually. Based on the results of each review, you may be eligible for a salary adjustment. However, the Company also reserves the right to change your compensation from time to time upon reasonable notice.
Once you begin your employment with us, you will be entitled to participate, on the same terms and conditions as other full-time Company employees, in benefits which may be authorized, revised, changed and adopted from time to time by the Company. Your eligibility to participate in any of the Company benefits is subject to the terms and conditions of those respective plans. More information about benefits is included in the Employee Handbook.
PAID TIME OFF AND HOLIDAYS
Your time spent with SunEdison will count towards your paid time off and total length of service with the Company, calculated from December 18, 2007. You will be entitled to nineteen (19) days paid time off per year, accruing at 5.850 hours per pay period. After ten (10) years of employment, you will be entitled to twenty-four (24) days paid time off per year, accruing at 7.385 hours per pay period. After twenty (20) years of employment, you will be entitled to twenty-nine (29) days paid time off per year, accruing at 8.923 hours per pay period. After thirty (30) years of employment, you will be entitled to thirty three (33) days paid time off per year, accruing at 10.461 hours per pay period.
Additionally, you will be eligible for ten (10) paid Holidays in accordance with our Company policy.
CODE OF CONDUCT
As an employee, you are required to conform to the policies and procedures of the Company, to meet our expectations of high ethical and professional demeanor and to understand your obligations to carry out your responsibilities in accordance with the Company's general rules of conduct.
This letter agreement supersedes all prior understandings, whether written or oral, relating to the terms and conditions of your employment with the Company, with the exception of: (i) the
TerraForm Power • 7550 Wisconsin Ave, 9th Floor, Bethesda, MD 20814 • www.terraform.com