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INITIAL PERIOD OF
EMPLOYMENT
New employees will be on a preliminary
status until they have completed 90 days of service with the
Company. You are not guaranteed a salary increase at the end of your
90 days. The 90 day period is to enable the new employee as well as
the supervisor to adjust. If at the end of 90 days or before, you or
the Company do not meet each others standards, termination is
immediate.
Employees will not be eligible for
bonuses until the 90 day preliminary period has ended.
MASTER PUMPS &
EQUIPMENT CORP.
IRA SAVINGS PLAN All employees will be given 5% of their base salary each year after first obtaining 6 month of employment with the Company to invest in their own private retirement plan of any kind. These accounts shall be supervised by the employee and not the Company.
No matching is required. Payments are made semi-annually at 2.5% on the mid-term and the other at year end. If the employee as separated employment with the Company he will not receive any payment or beneift of any kind.
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