SWY » Topics » Disciplinary Action and Waivers

This excerpt taken from the SWY 8-K filed Mar 15, 2005.

Disciplinary Action and Waivers

 

It is Company policy that any employee who violates this Code will be subject to appropriate disciplinary action, up to and including termination of employment. Any supervisor or manager who directs or approves any such violations, who knows of such violations and fails to act promptly to correct them, or who retaliates or tolerates retaliation against any employee who, in good faith, reports a violation, will likewise be subject to disciplinary action, up to and including termination.

 

Waivers of this Code for employees may be made only by an executive officer of the Company. Waivers of the Code for executive officers and directors may be made only by the Board of Directors, and any such waiver will be disclosed promptly to stockholders.

 

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