Black & Decker 2015 Annual Report Download - page 131

These Policies Are Intended To Serve As A Practical Guide To Stanley Black & Decker's Various Practices And Programs. The Company
Reserves The Right To Modify Or Revoke Any Policy, At Any Time, With Or Without Notice. Where More Specific Documents Exist, Such As
Insurance Plan Documents, The Terms OJ The More Specific Document Will Be Followed. These Policies Are Not Intended To Create Or
Constitute A Contract of Employment Between The Company And Any Employee. Employment At SBD Remains Strictly On An "At-Will" Basis.
These Policies Supersede Any Previously Issued Policies, Handbooks, Or Policy Manuals of either The Stanley Works or Black & Decker.
J. Retirement Account Plan (RAP)and Supplemental RAP- A salaried employee whose
employment is terminated will receive from any plan those funds in which he or she is entitled to
under the terms of the plan. Core allocations are credited quarterly provided active employment
on last day of the calendar quarter.
K. Unemployment Compensation - Consistent with the applicable State laws, the Company should not
accept unemployment compensation charges for employees who resign or who are discharged for
cause (that is, violation(s) of reasonable rule(s) of conduct).
APPEALS
A. Applicability of Appeals Procedure - The appeals procedure set forth in this Section may be
employed only for the purposes specified in this Section.
B. Procedure for Appeals - An employee whose claim for benefits under this Policy is denied in
whole or in part may submit a written request to the Separation Pay Policy Plan Administrator at
1000 Stanley Drive, New Britain, CT 06053 for reconsideration within 60 days after receiving
notice that he or she is deemed ineligible for benefits under this Policy.
The employee's request must be in writing and include appropriate issues, facts and reasons why
the employee believes he or she is eligible for benefits under this Policy. The employee may also
make a written request to review copies of the Policy.
The Separation Pay Policy Plan Administrator will review the employee's appeal and provide a
written response within 60 days after receiving the appeal, unless special circumstances require
further time for processing, but in no event more than 120 days. This written response will explain
the reasons for the decision, will reference specific facts used to reach a final decision and will
provide all other required legal notices.
All actions, determinations and interpretations of the Separation Pay Policy Plan
Administrator will be performed in a uniform and nondiscriminatory manner. The Separation
Pay Policy Plan Administrator's decision on appeal will be final and legally binding on the
Claimant and all other interested persons.
C. Benefits Payable After Appeal -In the event that an appeal with respect to entitlement to a benefit is
decided in favor of an employee, the benefit will be paid to him or her within 30 days of receiving
written notice from the Separation Pay Policy Plan Administrator.
NOTICE OF ERISA RIGHTS
As a participant in the Plan, you are entitled to certain rights and protections under the Employee Retirement
Income Security Act of 1974 (ERISA).ERISA provides that all Plan participants shall be entitled to:
• Examination, without charge, in the officer of the Administrator of the Plan, all Plan
documents, including copies of all documents which may be filed by the Plan with the U.S.
Department of Labor, such as annual reports and Plan descriptions;
• Obtain copies of all documents governing the operation of the Plan and other Plan
information upon written request to the Administrator of the Plan. The Administrator of the
Plan may make reasonable charges for copies;
• Receive a summary of any financial reports. If such a summary is required by law, the Plan
Administrator will automatically furnish each participant with a copy of the summary annual
report.