I  ndent

you ?eat?! new! 9'15 ['13  

 

January 27, 2015

CONNOR GREENWELL
CASHIER PT
Extra Foods 8585

Dear CONNOR GREENWELL:

This letter is to inform you that Extra Foods 8585 is planned to convert to a Your Independent
Grocer (YIG) on, or about February 22, 2015. Resulting from the conversion you have two options
from which to choose:

Option 1 Transfer to Your Independent Grocer Buydown

Under this option, your employment will continue at Your Independent Grocer Store Surrey
Location and you will become an employee of the franchisee. The terms of your employment will
be as described in the YIG Employee Handbook and you will receive a buydown payment of two (2)
week?s pay per year of completed service as of the date of transfer, to a maximum of $15,000 for
part?time colleagues and $75,000 for full?time colleagues, less statutory deductions.

The terms of the YIG Handbook are different than those of the corporate Extra Foods Handbook. In
addition, the benefits plan available to YIG colleagues is different than that available to Extra Foods
colleagues. As such, colleagues considering this option should read the Handbooks in order to
understand the change in terms of their continuing employment.

If you elect this option, your new position, rate of pay and estimated buydown (based on your
current rate of pay and, average hours of work) amount will be as follows:

1) Position: CASHIER PT
2) Rate: $17.77
3) Estimated Buydown: $15,000.00

You may contribute all or a portion of your buydown payment to your Great West Life group RRSP.

Option 2 Transfer to Your Independent Grocer Maintain Certain Economic Terms

Under this option, your employment will continue at Your Independent Grocer Store Surrey
Location, and you will become an employee of the franchisee. The Extra Foods Handbook terms
relating to your hourly rate of pay, current bene?ts entitlement (but not necessarily the provider),
wage progression, pension contribution rate, vacation entitlement, and specific premiums (manager
relief rate and night shift) if applicable, will continue to apply to you. All other terms of your
employment, including the cessation of Sunday Premiums as at the date of conversion, will be as
described in the YIG Employee Handbook.

Colleagues considering this option should read the YIG and Extra Foods Handbooks in order to
understand the change in terms of their continuing employment.

Please consider your options and respond with your decision to the writer by Monday January 30,
2015 at 5:00 pm.

Sincerely,

Joanna Paradiso
HR Business Partner, NGR
Loblaws Companies Ltd.

have had ample Opportunity to review the terms set
out in this letter as well as the terms of the Your Independent Grocer Employee Handbook
and the Extra Foods Employee Handbook. I acknowledge that, by my signature, I am
exercising the option initialed below freely, voluntarily and without duress.

wish to accept Option 1, transfer to Your Independent Grocer Buydown

wish to accept Option 2, transfer to Your independent Grocer Maintain
Certain Economic Terms

Signed this  date of if 2015.

 

 

 

 

Store Manager