Paid Time Off (PTO) Policy

Effective January 1, 2021

Vector Patron Technology Intermediate Holdings, LLC (herein “Leap Event Technology” or
“Company”) has established this Paid Time Off (PTO) policy to promote employee work life
balance. The benefits of PTO are that it promotes a flexible approach to time off by combining
vacation, sick, and personal leave. Employees are accountable and responsible for managing
their own PTO hours to allow for adequate reserves if there is a need to cover vacation, illness or
disability, appointments, emergencies, or other situations that require time off from work.

Vacation

Eligibility: Full-Time Employees (minimum 30 hours per week)

Vacation is accrued at a rate of 7.00 hours per pay period for employees paid semi-monthly, and
6.46 hours per pay period for employees paid bi-weekly. Vacation may be taken in one-hour
increments.

Vacation is not based on a calendar year, so there is no concept of rolling over hours. Each pay
period, employees build up their “bank” of accrued hours, and each time employees use
vacation, they draw down their “bank” of accrued hours. Hours accrued less hours used is
known as “Accrued Unused Vacation.”

The maximum Accrued Unused Vacation allowed is 168 hours (21 days). Once an employee
reaches this maximum, they will stop accruing additional hours until their Accrued Unused
Vacation balance falls below 168 hours. Employees with a starting Accrued Unused Vacation
balance above 168 hours as of 1/1/2021 will not lose their hours above the maximum, however
they will not accrue additional hours until they bring their balance below 168 hours.

Full-time employees may draw their Vacation bank up to 24 hours negative. If a full-time
employee requires additional vacation that would push their bank below negative 24 hours, they
may take unpaid leave so long as they get approval from their Department Head and Human
Resources.

Medical/Parental Leave: When on medical or parental leave, an employee does not accrue
Vacation. Upon an employee’s return, they will begin accruing Vacation as stated above.
Sick Time

Current Full-time employees (minimum 30 hours per week) will be granted 40 hours (5 days) of
Sick Time per calendar year beginning each January 1. New full-time employees will be granted
the following hours of Sick Time in their first calendar year based on month of hire:

● January to March – 32 hours

Part-time employees (less than 30 hours per week) will be granted 24 hours (3 days) of Sick Time
per calendar year beginning each January 1. Sick time should cover the number of hours of the
part-time employee’s work shift. (e.g., if a part-time employee calls off a 4 hour shift of work, they
would get paid sick time for the 4 hour shift).

Sick Time may be taken in 1-hour increments.

Sick Time is not eligible for rollover at the end of a calendar year.

Sick Time may only be used for an employee’s personal illness or medical appointment, or for the
personal illness or medical appointment of a member of the employee’s immediate family.

The number of sick days provided are based on state or city’s Paid Sick leave laws. Employees
must notify their manager of their absence prior to their start time with a phone call, email, or
Slack message. Upon resignation, unused Sick Days will not be paid out.

If an employee is out sick for over 5 consecutive business days, the employee must provide
Human Resources a doctor’s notice from a physician. At that time, the employee should notify
Human Resources if they require accommodations or need to take a medical leave.

Floating Holidays

Current full-time employees (minimum 30 hours per week) will be granted 3 Floating Holidays per
calendar year each January 1. Floating Holidays must be taken in full day increments and may be
used for religious or cultural holidays, birthdays, anniversaries, or any state or federal holidays
during which Leap Event Technology remains open.

New employees will be granted the following number of Floating Holidays in their first calendar
year based on month of hire:

● January to April – 3 days

Volunteer Day

All new and current full-time and part-time employees will be granted 1 Volunteer Day per
calendar year. This day may be used for employees to take time to give back to the volunteer
programs they feel passionate about.

A Volunteer Day must be taken as a full day (i.e. no partial days or hours).

This day is not eligible for rollover at the end of the calendar year.

National Election Day

All U.S. employees will be granted a day off to participate in a national election (i.e. presidential
election every 4 years and midterm elections every 2 years). All employees outside the U.S. will
be granted a voting day off based on the national election cycles in their respective countries.

Termination

Upon termination of an employee’s employment, Leao Event Technology will pay for any Accrued
Unused Vacation that the employee has as of their termination date, provided the employee
gives two-weeks’ notice and returns all company property within two weeks of their termination
date. The formula for payment is as follows:

● Salaried Employees: Annual Base Salary / 2,080* x Accrued Unused Vacation (in hours)
● Hourly Employees: Hourly Base Rate x Accrued Unused Vacation (in hours)

* 2,080 is based on a standard calendar year in the United States. For employees outside
the United States, this denominator will be set based on accepted practices in the terminated
employee’s country of residence.

If an employee has a negative Accrued Unused Vacation balance (i.e. the employee has taken
more Vacation than they have accrued) at the end of their employment, the Company may
deduct the value of those excess hours from the employee’s final paycheck, or otherwise will be
entitled to recoup the value of the excess time from the employee.

Unused Sick Time, Unused Floating Holidays, and Unused Volunteer Days will not be paid out to
an employee upon termination of employment.

ACKNOWLEDGMENT OF RECEIPT
I have received access to the Leap Event Technology PTO Policy​. I understand and
agree that it is my responsibility to read ​all pages​and familiarize myself with the policies
and procedures contained in the policy.

I agree to abide by the policies and acknowledge that violation of any policies may result
in disciplinary action, up to and including termination.