Stormtech Canada Associate Handbook

PAY PROCEDURES

1. PURPOSE Stormtech provides information regarding pay procedures to ensure that Associates are informed of relevant pay information. 2. SCOPE This policy applies to all Stormtech Associates working in Canadian locations. 3. POLICY Pay Periods • Pay dates are twice monthly on the 15 th and the last business day of each month. If the pay period should fall on a Saturday, Sunday, or Holiday, then the pay day will be the nearest Friday. • Full time salaried Associates are paid to the 15 th and end of month, while the hourly paid Associates are paid based on the time sheet cut off dates. Direct Deposits • Direct deposit payments are deposited into an Associate’s bank account each pay day. If a pay day falls on a weekend or holiday, your pay will be deposited on the working day prior to the weekend or holiday. • Associates must complete a Direct Deposit Form and include either a “VOID” cheque or a Direct Deposit Form completed by the Associate’s financial institution. • Associates have the option to have their payroll deposited into multiple accounts (i.e., chequing and savings). • It is the responsibility of each Associate to inform the Payroll Department of any change in personal information (i.e., bank account information, address change, etc.). Payroll Advances • An Associate pay advance shall only be considered in an emergency and will first require the approval of the Chief Financial Officer, and then the Chief Executive Officer.

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