(I) COMPENSATION
All hourly employees are compensated for actual hours worked. Employees shall be paid on a weekly basis. Employee’s weekly payment shall issue from Employer’s corporate home office. Overtime pay at the rate of time and one-half of regular hourly wage will be compensation for any hours worked in excess of forty (40) hours in one pay period (one week).

(II) GROUP HEALTH INSURANCE BENEFITS
Eligibility for participation in the Group Health Insurance program will become effective after a continuous one hundred eighty (180) day full time employment period. For group health insurance purposes only, full time employment shall be defined as a minimum of thirty-eight (38) hours per week, or the number of hours per week required by any subsequent group health insurance carrier with whom Employer may contract to provide group health insurance benefits.

(III) HOLIDAYS
Hourly employees are eligible for holiday compensation after thirty (30) days of continuous full time employment. “Full time employment” under this section shall be defined as anyone having been hired by Employer with the intent of working a minimum of thirty-eight (38) hours per week. Eligible employees that do not work on recognized holidays will receive compensation for eight (8) regular straight time hours. Employer recognizes the following as paid holidays
      1. New years day
      2. Memorial day
      3. Independence Day
      4. Labor Day
      5. Thanksgiving Thursday and Friday
      6. Christmas Eve Day
      7. Christmas Day
Scheduling and work requirements associated with the construction industry sometimes do not allow every employee to have off on every nationally and/or Employer recognized holidays. When and if an employee is required to work on a recognized paid holiday, these situations will be addressed on an individual basis and a mutually agreed upon compensatory holiday period will be scheduled.

(IV) VACATIONS
After One Year of continuous full time employment an employee shall be eligible for one week (5 working days) of vacation. After Two Years of continuous full time employment an employee shall be eligible for two weeks (10 working days) of vacation. “Full time employment” under this section shall be defined as having worked a minimum of 2,000 hours during the prior twelve (12) consecutive months. Vacation time cannot be taken in less than half day increments.
In no event shall an employee be eligible for more than ten (10) compensable vacation days within any twelve (12) month period. The date of an employee’s vacation eligibility shall be the anniversary date of his or her hire.
Vacations are not cumulative and must be taken within twelve months of becoming eligible for vacation. There will be no carryover or accrual of vacation pay from year to year. Any unused vacation time will be forfeited upon employee’s separation of employment from Employer and under no circumstances shall employee be entitled to payment for unused vacation time upon separation of employment from Employer. Compensation as paid wages will not be exchanged in lieu of actual “time off” vacation. Compensation shall be based upon straight time hourly rates for Forth (40) hour week at wages that would have normally been paid. Employee shall communicate with his or her supervisor prior to utilizing any vacation leave time and all vacations shall be scheduled for mutually agreed upon time period between Employer and employee.