Employment Termination

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 an employee.

* Discharge - involuntary employment termination initiated by the organization.

* Layoff - involuntary employment termination initiated by the organization for nondisciplinary reasons.

Jones Fuel Co. will generally schedule exit interviews at the time of employment termination. The exit interview will afford an opportunity to discuss such issues as employee benefits, conversion privileges, repayment of outstanding debts to Jones Fuel Co., or return of Jones Fuel Co.-owned property. Suggestions, complaints, and questions can also be voiced.

Since employment with Jones Fuel Co. is based on mutual consent, both the employee and Jones Fuel Co. have the right to terminate employment at will, at any time.

Employee benefits will be affected by employment termination in the following manner. All accrued, vested benefits that are due and payable at termination will be paid. Some benefits may be continued at the employee's expense if the employee so chooses. The employee will be notified in writing of the benefits that may be continued and of the terms, conditions, and limitations of such continuance.

Policy No.  405  Effective Date:  3/4/2002  Revision Date:  2/15/2002