Itis the policy of Cracker Barrel Old Country Store, Inc. To provideseverance benefits to Employees in certain circumstances which result ininvoluntary termination from Company employment. Severancebenefits are intended to provide loss of income protection and to assistin bridging financial gaps while a terminated Employee seeks otheremployment.
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The base severance benefits provided to eligibleEmployees under the terms of this policy are determined by jobclassification and length of Company service. All severancebenefits provided under the terms of this policy are “self-funded” andpaid from the general assets of Cracker Barrel Old Country Store,Inc.Thispolicy supersedes and replaces any prior severance benefit policy,program, or practice, written or oral, established or issued by CrackerBarrel Old Country Store, Inc. Or any of itsaffiliates. Returnto Cracker Barrel Old Country Store, Inc. Of all Company property in goodcondition and repair (normal wear and tear excepted) including but notlimited to keys, security cards and fobs, credit cards, furniture,equipment, automobiles, computer hardware and software, telephoneequipment, and all documents, manuals, plans, equipment, trainingmaterials, business papers, personnel files, computer files or copies ofthe same relating to Company business which are in the Employee’spossession. Allemployee benefits and benefit accruals will cease as of the Employee’sfinal date of active employment. However, medical insurancebenefits may be continued to the extent required by federallaw.
Terminated Employees will have other benefit conversion orwithdrawal rights which may arise under any Cracker Barrel Old CountryStore, Inc. Ck2 wrong type of holding. Sponsored retirement or welfare benefit plan as a result ofseparation from Company service. How is the numi calculator app for mac. Any unused earnedvacation pay due under the Cracker Barrel Old Country Store, Inc. Vacationpolicy will be settled within twenty-one (21) days from termination ofemployment, unless otherwise required under state law, along with anysettlement of reimbursable expenses under the terms of the Cracker BarrelOld Country Store, Inc. Expense reimbursement, travel and/or entertainmentpolicies.