Termination of employment is an inevitable part of personnel activity within any organization, and many of the reasons for termination are routine. Below are examples of some of the most common circumstances under which employment is terminated:
* Resignation – voluntary employment termination initiated by a Team Member.
* Discharge – involuntary employment termination initiated by the Organization.
* Layoff – involuntary employment termination initiated by the organization for nondisciplinary reasons.
* Retirement – voluntary employment termination initiated by the TM, meeting age, length of service, and any other criteria for retirement from the organization.
Since employment with Ivey’s is based on mutual consent, both the employee and Ivey’s have the right to terminate employment at will, with or without cause, at any time. Team Members will receive their final pay in accordance with applicable state law.
Policy No. 405 Issued 1/1/2008 Applicable 8/2/2012