Layoffs Policy

We do not expect to lay off employees, but should a layoff become necessary, to the extent practicable and absent other notification, the layoff will be conducted according to seniority.

Where a layoff or plant closing meets the size and scope thresholds of the federal Worker Adjustment and Retraining Notification (WARN) Act (generally, employers with 100 or more employees conducting a mass layoff of 50 or more employees at a single site, or a plant closing, affecting covered employees), the Company will provide at least 60 calendar days advance written notice as required by law. Some states have their own "mini-WARN" laws with lower employee-count thresholds, longer notice periods, or broader coverage than the federal law; where applicable, the Company will comply with the stricter requirement. (UNVERIFIED for any specific state: state mini-WARN requirements vary by jurisdiction and should be confirmed with counsel for the states in which the Company operates.)