Employee Benefits - US
Leave Policy

The Company provides paid vacation, holiday, and sick time for eligible employees.

Metavante Lending Solutions Vacation Policy

Metavante recognizes the importance for employees to enjoy periodic rest and relaxation so they may continue to perform effectively. As a result, all regular full time employees are eligible for vacation benefits.

All regular full time employees are eligible for vacation time. In the first full year of employment, full time employees, other than those with a Senior Vice President or Vice President title, are entitled to ten vacation days. The first two vacation days are earned after ninety days of service.

Full time employees with a Senior Vice President or Vice President title receive fifteen vacation days in the first full year of employment. The first three vacation days are earned after ninety days of service.

Part time employees working a minimum of twenty hours per week receive five vacation days in the first full year of employment. The first vacation day is earned after ninety days of service. Part time employees working less than twenty hours per week, contractors and other temporary employees are not eligible for vacation time.

In the first calendar year of employment, employees accrue a pro-rata number of vacation days. Vacation time is accrued monthly during each calendar year (i.e., vacation is accrued monthly at 1/12 of the annual vacation time).

At any time during the year, employees may not use more than three days of vacation time in excess of what they have accrued. At the end of the calendar year, employees may not have used more vacation time than they have accrued and carried over from the previous year.

The amount of vacation time increases with years of service for full time employees. At the end of each year of service (i.e., the employee’s anniversary date), full time employees will accrue an additional vacation day, up to a maximum of twenty vacation days per year. Thereafter, at the end of each year of service, full time employees will earn an additional half-day of vacation, up to a maximum of thirty vacation days per year.

At the end of each year of service, part time employees working a minimum of twenty hours per week will accrue an additional half-day vacation, up to a maximum of ten vacation days per year. Thereafter, at the end of each year of service, part time employees working a minimum of twenty hours per week will accrue an additional quarter-day vacation for each year of service, up to a maximum of fifteen vacation days per year.

For security purposes, employees are required to be away from work for five consecutive workdays each calendar year. If an employee is eligible for five vacation days or less (e.g., a new hire), this requirement may be waived by the employee’s manager. A legal holiday falling within the dates of a vacation period is not counted as one of the 5 consecutive vacation days.

Employees should spread out the use of their vacation time throughout the year. Employees are not permitted to take more than a total of ten days of vacation or personal time in any calendar quarter unless they have received approval from their supervisor and the Executive Vice President of their Business Unit (or the President in the case of Corporate staff).

A maximum of five days may be carried over from the end of one calendar year to the next. Any unused days in excess of five will be forfeited without pay on January 1st of each year. In exceptional circumstances, employees may be permitted to carry over more than five days with the written approval of the VP Human Resources and an Executive Vice President or the President. Unused vacation time may not be waived for extra pay. Employees who are on FMLA leave, a medical or short or long-term disability leave, or personal or military leave will not accrue vacation time while on leave.

Employees and supervisors must plan vacation time in advance to ensure that potential conflicts, client service levels and other issues are addressed. Vacation time requests must be submitted in writing or via e-mail to the employee’s direct supervisor. Vacation time should be approved in advance by an employee’s direct supervisor as long as the employee has provided ample advanced notice and there is no mission critical work for which the employee is needed during the requested vacation period.

Employees who observe a religious holiday when GHR locations are open for business may use vacation and/or personal time to attend religious services/activities. Employees should submit requests in advance to their department supervisor or manager for time off to observe religious holidays on any dates GHR is open for business. Every effort will be made to accommodate employee requests for time off to attend religious services.

Upon termination, eligible employees who have provided at least two weeks advance notice will be paid for any unused and accrued vacation time at the time of their resignation. In addition, for any used vacation time that has not yet been accrued, the Company reserves the right to adjust the employee’s final paycheck accordingly.

Vacation time is paid at the employee’s base pay rate at the time of vacation. It does not include overtime or any special forms of compensation such as incentives, commissions, bonuses or shift differentials.

Personal Time

Personal time off is a new element of the Paid Time Off Policy. Personal time off is provided in lieu of the “Floating Holidays” that existed under the previous policy.

All regular full time employees are eligible for twenty-four hours of personal time annually. Part time employees working a minimum of twenty hours per week are eligible for twelve hours of personal time annually. Part time employees working less than twenty hours per week, contractors and other temporary employees are not eligible for personal time.

Personal time must be approved in advance by an employee’s direct supervisor. Employees and supervisors should plan personal days in advance to ensure that potential conflicts, client service levels and other issues are addressed.

Personal time may not be carried over from one calendar year to the next. Unused personal time at the end of each calendar year will be forfeited without pay. Personal days may not be waived for extra pay.

Employees are not paid for unused personal time upon termination.

2007 Holiday Schedule

The 2007 Holiday Schedule for all Metavante Lending Solutions employees is as follows:

Holiday		Date Observed
New Year's Day		Monday, January 1, 2007
President's Day		Monday, February 19, 2007
Memorial Day		Monday, May 28, 2007
Independence Day		Wednesday, July 4, 2007
Labor Day		Monday, September 3, 2007
Thanksgiving		Thursday, November 22, 2007
Fall Holiday		Friday, November 23, 2007
Christmas		Tuesday, December 25, 2007

In addition to the list above, there will be three Floating Holidays in 2007, which employees may take at a mutually convenient time with the approval of their supervisors. The above schedule is subject to modification.