California Investment Bank

MEMORANDUM

 

 

Date:                   March 4^th, 2014

To:                      All employees

From:                 Kuniaki Honda, Human Resource Department

Subject:              New Policy of Paid Holidays

In our company all employees can get 20 paid holidays per year. If you have personal business, you could take off from work for a maximum of 20 days and your salary is guaranteed during your absence. In the past time, unused paid holidays were rolled over to the following year, and you saved up to 40 days per year.

Due to the positive market, now we changed the policy. Employees can trade their unused paid holidays, maximum of 10 days per year, for a salary that is 1.2 times the regular rate.

Example:

If you had 5 days of unpaid holiday,

Ø  Past　　You had to roll them over to the next year.

Ø  New　　You can change them money equal to 5 days salary that is　1.2 times the regular rate

The new policy will start on March 4^th. If you need further information, don’t hesitate to ask me.