Standard service Bonus Plan – 2017 Summary

STANDARD Service Bonus Plan – 2017

Summary

The purpose of the Plan is:

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  To give eligible Kelly temporary employees an opportunity to earn a service bonus if they satisfy all of the conditions precedent; and
  
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  To help Kelly ensure a stable workforce throughout the service bonus eligibility year and to provide an adequate work force to Kelly’s customers during the month of December.
  

People Impacted

This Plan applies to:

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  All Kelly U.S. temporary employees. However, hours worked on the following assignments do not count toward Kelly’s Service Bonus: Kelly Educational Staffing (Refer to KES Service Bonus Plan [e3128]), Kelly OCG-BPO, Payroll Services without benefits, Federal Government, and with customers offering specific paid time-off plans.
  

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  As a condition precedent to receiving a Service Bonus under this Plan, eligible employees must:
  

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  Work for at least 1,500 eligible hours during the service bonus eligibility year, including approved transition hours (Refer to Transitioning Assignments [e422]). The hours must appear on paychecks/advices dated from December 26, 2016 through December 24, 2017.
  
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  Be active at year end, and on a Service Bonus eligible assignment. “Active at year-end” is defined as having received a paycheck/advice dated in December 2017 for actual time worked.
  

Eligible Hours: Hours worked on most Kelly assignments; does not include hours worked on ineligible assignments (listed above). Employees are credited with 40 hours per week toward the service bonus while assigned to exempt from overtime positions paid on a salary basis.

Eligibility Requirements

The 2017 service bonus eligibility year dates are December 26, 2016, through December 24, 2017. If an employee satisfies the above conditions precedent, Kelly Services will pay a service bonus equal to:

If worked at least 1,500 eligible hours and less than 1,800 eligible hours:

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  One percent of the employee’s gross wages earned on eligible assignments (excluding service bonus payment) for the applicable service bonus eligibility year. (For 2017, this payment will exclude the service bonus payment for 2016 benefit plan year, if it applies to that employee.)
  

Note: This 1% bonus payment is inclusive of all overtime compensation, as the 1% will also be applied to all overtime payments.

If worked 1,800 eligible hours or more:

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  Two percent of the employee’s gross wages earned on eligible assignments (excluding service bonus payment) for the applicable service bonus eligibility year. (For 2017, this payment will exclude the service bonus payment for 2016 benefit plan year, if it applies to that employee.)
  

Note: This 2% bonus payment is inclusive of all overtime compensation, as the 2% will also be applied to all overtime payments.

Payment Details

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  Payments will be made by January 31 of the following year.
  
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  Employees will be paid automatically, only if they satisfy all conditions precedent.
  
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  Hours worked do not carry over from one service bonus eligibility year to another.
  
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  Kelly Services reserves the right to amend, modify, or terminate this discretionary plan at any time.
  
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  Employees not satisfying the conditions precedent are not eligible for this bonus or any portion thereof, as this plan prohibits any portion of the bonus from vesting on a pro-rata basis.
  

 2017 Kelly Services, Inc. An Equal Opportunity Employer e909 R2/17