Common use of LETTER OF INTENT RE Clause in Contracts

LETTER OF INTENT RE. KIOSKS Should there be a significant impact on an employee’s hours due to the opening of a Kiosk, the following will occur:  Full time employees will become part time and placed on the restricted or unrestricted part time schedule within their Department  Part time employees will be provided with a severance allowance upon termination, which is calculated as follows: o Average hours worked over the prior fifty-two (52) weeks X o One week for each full year of service, to a maximum of twenty (20) weeks payment LETTER OF INTENT

LETTER OF INTENT RE. KIOSKS Should there be a significant impact on an employee’s hours due to the opening of a Kiosk, the following will occur:  • Full time employees will become part time and placed on the restricted or unrestricted part time schedule within their Department  • Part time employees will be provided with a severance allowance upon termination, which is calculated as follows: o Average hours worked over the prior fifty-two (52) weeks X o One week for each full year of service, to a maximum of twenty (20) weeks payment LETTER OF INTENT