"Builder of America's Finest Country Club Communities" EMPLOYEE HANDBOOK July 2012 HNDBK-Intr CA Sept 2010 update 7 2012.doc Update July 2012 SUNRISE COMPANY HANDBOOK INTRODUCTION This Handbook is intended to provide employees with a general understanding of some of the Company's personnel policies. It is not an employment contract or a legal document. The information in this Handbook should be helpful in familiarizing employees with the Company. While Sunrise Company certainly hopes that every employee will find the employment relationship satisfying, at the same time, it recognizes that relationships are not always mutually satisfactory. To protect both parties’ rights, it should be remembered that the employment relationship may be terminated on an at-will basis by either you or Sunrise Company. This means that you may quit at any time and Sunrise Company may terminate your employment at any time, for any reason, or for no reason. Moreover, no one other than the President and Chief Executive Officer of Sunrise Company has the right to modify the at-will nature of this employment relationship, and any such modification must be in writing and signed by one of these two designated individuals and the affected employee. If you are an employee who is otherwise covered by the Handbook and you have entered into a written employment agreement signed by you and a designated officer of the company, the guidelines, procedures and benefits discussed in this Handbook are not applicable to the extent they are inconsistent with your written employment agreement. However, if the written agreement does not address conditions or terms set forth in the Handbook, the Handbook shall apply. This Handbook cannot anticipate every situation or answer every question about employment. Rather, this Handbook serves as guideline to your employment relationship with Sunrise Company. From time to time, circumstances will undoubtedly require that the policies, practices and benefits described in the Handbook be changed. Accordingly, other than the at-will relationship set forth above, which can only be altered by a written agreement signed by both you and a designated officer of the company, Sunrise Company reserves their right to modify, supplement or rescind any provision of the Handbook as it deems necessary. If any changes to the Handbook become necessary, the Company will endeavor to notify you of such changes by distributing revised pages to you. Please keep your Handbook readily available and insert updated material promptly so that it is current at all times. When new policies are added or existing policies are changed, the most recent policy shall prevail and govern any new action taken. Throughout this Handbook, we have often used the words “he”, “him” and “his” when the meaning includes “she”, “her” and “hers”. This wording is used solely for ease of reading and should not be interpreted as any form of bias. This Handbook supersedes any and all prior verbal or written policies or procedures of Sunrise Company. HNDBK-Intr CA Sept 2010 update 7 2012.doc Update July 2012 SUNRISE COMPANY HANDBOOK INTRODUCTION TABLE OF CONTENTS SECTION SUNRISE COMPANY & YOU ...................................................................1 IMPORTANT GUIDELINES ......................................................................2 LEAVE OF ABSENCE AND BENEFIT POLICIES ................................3 INJURY AND ILLNESS PREVENTION SAFETY PROGRAM ...........4 TAX DEFERRED INVESTMENT & PROFIT SHARING PLAN .........5 HNDBK-Intr CA Sept 2010 update 7 2012.doc Updated July 2011 SUNRISE COMPANY HANDBOOK INTRODUCTION Message From: William Bone, Chief Executive Officer Dear New Employee: Welcome to Sunrise Company. We are glad you decided to join our winning team. We sincerely hope that your position with us is both rewarding and enjoyable. You can make a difference! This Employee Handbook is not a contract of employment. It was written to help you get acquainted our Company, to give you a brief explanation of our philosophy, and to outline some of our policies and procedures. The Handbook will not answer all of your questions, but it will serve as a guideline to your relationship with Sunrise Company Remember, always feel free to approach any member of our management team with your questions. Our success is based on the personal attention and contributions of our employees. As a new member of the team, you will make a difference. We will be depending on YOU. We are proud you joined our Company and extend to you a warm WELCOME! Sincerely, William Bone Founder and CEO HNDBK-Intr CA Sept 2010 update 7 2012.doc Updated July 2011 "Builder of America's Finest Country Club Communities" EMPLOYEE HANDBOOK July 2012 HNDBK-Intr CA Sept 2010 update 7 2012.doc Update July 2012 SUNRISE COMPANY HANDBOOK INTRODUCTION This Handbook is intended to provide employees with a general understanding of some of the Company's personnel policies. It is not an employment contract or a legal document. The information in this Handbook should be helpful in familiarizing employees with the Company. While Sunrise Company certainly hopes that every employee will find the employment relationship satisfying, at the same time, it recognizes that relationships are not always mutually satisfactory. To protect both parties’ rights, it should be remembered that the employment relationship may be terminated on an at-will basis by either you or Sunrise Company. This means that you may quit at any time and Sunrise Company may terminate your employment at any time, for any reason, or for no reason. Moreover, no one other than the President and Chief Executive Officer of Sunrise Company has the right to modify the at-will nature of this employment relationship, and any such modification must be in writing and signed by one of these two designated individuals and the affected employee. If you are an employee who is otherwise covered by the Handbook and you have entered into a written employment agreement signed by you and a designated officer of the company, the guidelines, procedures and benefits discussed in this Handbook are not applicable to the extent they are inconsistent with your written employment agreement. However, if the written agreement does not address conditions or terms set forth in the Handbook, the Handbook shall apply. This Handbook cannot anticipate every situation or answer every question about employment. Rather, this Handbook serves as guideline to your employment relationship with Sunrise Company. From time to time, circumstances will undoubtedly require that the policies, practices and benefits described in the Handbook be changed. Accordingly, other than the at-will relationship set forth above, which can only be altered by a written agreement signed by both you and a designated officer of the company, Sunrise Company reserves their right to modify, supplement or rescind any provision of the Handbook as it deems necessary. If any changes to the Handbook become necessary, the Company will endeavor to notify you of such changes by distributing revised pages to you. Please keep your Handbook readily available and insert updated material promptly so that it is current at all times. When new policies are added or existing policies are changed, the most recent policy shall prevail and govern any new action taken. Throughout this Handbook, we have often used the words “he”, “him” and “his” when the meaning includes “she”, “her” and “hers”. This wording is used solely for ease of reading and should not be interpreted as any form of bias. This Handbook supersedes any and all prior verbal or written policies or procedures of Sunrise Company. HNDBK-Intr CA Sept 2010 update 7 2012.doc Update July 2012 SUNRISE COMPANY HANDBOOK INTRODUCTION TABLE OF CONTENTS SECTION SUNRISE COMPANY & YOU ...................................................................1 IMPORTANT GUIDELINES ......................................................................2 LEAVE OF ABSENCE AND BENEFIT POLICIES ................................3 INJURY AND ILLNESS PREVENTION SAFETY PROGRAM ...........4 TAX DEFERRED INVESTMENT & PROFIT SHARING PLAN .........5 HNDBK-Intr CA Sept 2010 update 7 2012.doc Updated July 2011 SUNRISE COMPANY HANDBOOK INTRODUCTION Message From: William Bone, Chief Executive Officer Dear New Employee: Welcome to Sunrise Company. We are glad you decided to join our winning team. We sincerely hope that your position with us is both rewarding and enjoyable. You can make a difference! This Employee Handbook is not a contract of employment. It was written to help you get acquainted our Company, to give you a brief explanation of our philosophy, and to outline some of our policies and procedures. The Handbook will not answer all of your questions, but it will serve as a guideline to your relationship with Sunrise Company Remember, always feel free to approach any member of our management team with your questions. Our success is based on the personal attention and contributions of our employees. As a new member of the team, you will make a difference. We will be depending on YOU. We are proud you joined our Company and extend to you a warm WELCOME! Sincerely, William Bone Founder and CEO HNDBK-Intr CA Sept 2010 update 7 2012.doc Updated July 2011 SECTION SUNRISE COMPANY 1 EMPLOYEE HANDBOOK SUNRISE COMPANY & YOU Section 1 Revised September 2010 1300936.3 Updated July 2012 10220-00113 SUNRISE COMPANY & YOU – SECTION 1 TABLE OF CONTENTS Page About Sunrise Company ..................................................................................................................1