Exhibit 14.1
Owlet, Inc.
Code of Business Conduct and Ethics
This Code of Business Conduct and Ethics (the “Code”) contains general guidelines for conducting the business of Owlet, Inc. (the “Company”
or “we”) consistent with the highest standards of business ethics. To the extent this Code requires a higher standard than
required by commercial practice or applicable laws, rules or regulations, the Company adheres to these higher standards.
This Code applies to all of our directors, officers and other employees. We refer to all officers and other employees covered by this
Code as “Company employees” or simply “employees,” unless the context otherwise requires. In this Code, we refer to our principal executive officer, principal financial officer, principal accounting officer and controller, or persons performing similar
functions, as our “principal
financial officers.”
|
B. |
Seeking Help and Information
|
This Code is not intended to be a comprehensive rulebook and cannot address every situation that you may face. If you feel
uncomfortable about a situation or have any doubts about whether it is consistent with the Company’s ethical standards, seek help. We encourage you to contact your supervisor for help first. If your supervisor cannot answer your question or if you
do not feel comfortable contacting your supervisor, you may contact the Company’s General Counsel or his or her designee (each an “Authorized Officer”).
|
C. |
Reporting Violations of the Code
|
All employees and directors have a duty to report any known
or suspected violation of this Code, including violations of the laws, rules, regulations or policies that apply to the Company. If you know of or suspect a violation of this Code, immediately report the conduct to your supervisor or an Authorized
Officer. The Authorized Officer will work with you and your supervisor or other appropriate persons to investigate your concern. If you do not feel comfortable reporting the conduct to your supervisor or you do not get a satisfactory response,
you may contact an Authorized Officer directly. You may also report known or suspected violations of the Code, including violations of the laws, rules, regulations or policies that apply to the Company, through the Company’s Ethics Hotline that is
available 24 hours a day, 7 days a week, by telephone at 844-757-1210, through the Web intake site at owletcare.ethicspoint.com or through the mobile intake site at owletcaremobile.ethicspoint.com. To the extent permitted by local law, you
may remain anonymous and will not be required to reveal your identity when reporting through the Ethics Hotline, although providing your identity may assist the Company in investigating your concern. All reports of known or suspected violations of the law or this Code will be handled sensitively and with discretion. Your supervisor, the Authorized Officers, the Company and any others assisting in the
investigation will protect your confidentiality to the extent possible, consistent with applicable laws and the Company’s need to investigate your concern. All directors, officers and employees are expected to cooperate in any internal
investigation of misconduct.
It is Company policy that any employee or director who violates this Code will be subject to appropriate discipline, which may include,
for an employee, termination of employment or, for a director, a request that such director resign from the Board of Directors of the Company (the “Board of Directors”). This determination will be based upon the facts and circumstances of each particular situation. If you are accused of violating this Code, you will be given an opportunity to present your version
of the events at issue prior to any determination of appropriate discipline. Employees and directors who violate the law or this Code may expose themselves to substantial civil damages, criminal fines and prison terms. The Company may also face
substantial fines and penalties and may incur damage to its reputation and standing in the community. Your conduct as a representative of the Company, if it does not comply with the law or with this Code, can result in serious consequences for both
you and the Company.
|
D. |
Policy Against Retaliation
|
The Company prohibits retaliation against an employee or director who, in good faith, seeks help or reports known or suspected
violations. Any reprisal or retaliation against an employee or director because the employee or director, in good faith, sought help or filed a report will be subject to disciplinary action, including potential termination of employment.
Any waiver of this Code for our directors, executive officers or other principal financial officers may be made only by our Board of
Directors or a committee of the Board and will be disclosed to the public as required by law or the rules of the New York Stock Exchange, when applicable. Waivers of this Code for other employees may be made only by our General Counsel or Chief
Financial Officer and will be reported to the Board of Directors and/or the Audit Committee of the Board of Directors (the “Audit
Committee”), as necessary or advisable.
| II. |
Conflicts of Interest
|
|
A. |
Identifying Potential Conflicts of Interest
|
Employees, officers and directors must act in the best interests of the Company. You must refrain from engaging in any activity or
having a personal interest that presents a “conflict of interest” and should seek to avoid even the appearance of a conflict of interest. A conflict of interest occurs when your personal interest interferes with the interests of the Company. A
conflict of interest can arise whenever you, as an employee, officer or director, take action or have an interest that prevents you from performing your Company duties and responsibilities honestly, objectively and effectively.
Identifying potential conflicts of interest may not always be clear-cut. The following situations might reasonably be expected to give
rise to a conflict of interest and should be identified to, and addressed by, an Authorized Officer, the Board of Directors or a committee thereof:
|
● |
Outside Employment. An employee being employed by, serving as a director of,
or providing any services to a company that the individual knows or suspects is a material customer, supplier or competitor of the Company (other than services to be provided as part of an employee’s job responsibilities for the Company).
|
|
● |
Improper Personal Benefits. An employee or director obtaining any material
(as to him or her) personal benefits or favors because of his or her position with the Company. Please see “Gifts and Entertainment” below for additional guidelines in this area.
|
|
● |
Financial Interests. An employee having a “material interest” (ownership or
otherwise) in any company that the individual knows or suspects is a material customer, supplier or competitor of the Company and using his or her position to influence a transaction with such company. Whether an employee has a “material
interest” will be determined by an Authorized Officer or the Board of Directors, as applicable, in light of all of the circumstances, including consideration of the relationship of the employee to the customer, supplier or competitor, the
relationship of the employee to the specific transaction and the importance of the interest to the employee having the interest.
|
|
● |
Loans or Other Financial Transactions. An employee or director obtaining
loans or guarantees of personal obligations from, or entering into any other personal financial transaction with, any company that the individual knows or suspects is a material customer, supplier or competitor of the Company. This guideline
does not prohibit arms-length transactions with banks, brokerage firms or other financial institutions.
|
|
● |
Service on Boards and Committees. An employee or director serving on a board
of directors or trustees or on a committee of any entity (whether profit or not-for-profit) whose interests reasonably would be expected to conflict with those of the Company.
|
|
● |
Actions of Family Members. The actions of family members outside the
workplace may also give rise to the conflicts of interest described above because they may influence an employee’s or director’s objectivity in making decisions on behalf of the Company. For purposes of this Code, “family members” include
your spouse or life-partner, brothers, sisters, parents, in-laws and children whether such relationships are by blood or adoption.
|
For purposes of this Code, a company is a “material” customer if the customer has made payments to the Company in the past year in
excess of $1 million or 2% of the Company’s gross revenues, whichever is greater. A company is a “material” supplier if the supplier has received payments from the Company in the past year in excess of $1 million or 2% of the supplier’s gross
revenues, whichever is greater. If you are uncertain whether a particular company is a material customer or supplier, please contact an Authorized Officer for assistance.
|
B. |
Disclosure of Conflicts of Interest
|
The Company requires that employees and directors disclose any situation that reasonably would be expected to give rise to a conflict of
interest. If you suspect that you have a situation that could give rise to a conflict of interest, or something that others could reasonably perceive as a conflict of interest, you must report it in writing to your supervisor or an Authorized
Officer, or if you are a director, executive officer or other principal financial officer, to the Board of Directors. An Authorized Officer, the Board of Directors or committee thereof, as applicable, will work with you to determine whether you have
a conflict of interest and, if so, how best to address it. Transactions that could potentially give rise to a conflict of interest involving a director, executive officer or principal financial officer must be approved by the Board of Directors or a
committee thereof, and any such approval will not be considered a waiver of this Code. In the event that a transaction that could reasonably be expected to give rise to a conflict of interest involves a director, the transaction must be approved by
the disinterested members of the Board of Directors or committee thereof.
| III. |
Corporate Opportunities
|
As an employee or director of the Company, you have an obligation to advance the Company’s interests when the opportunity to do so
arises. If you discover or are presented with a business opportunity through the use of corporate property or information or because of your position with the Company, you should first present the business opportunity to the Company before pursuing
the opportunity in your individual capacity. No employee or director may use corporate property, information or his or her position with the Company for personal gain while employed by us or, for a director, while serving on our Board of Directors.
You should disclose to your supervisor the terms and conditions of each business opportunity covered by this Code that you wish to
pursue. Your supervisor will contact an Authorized Officer and the appropriate management personnel to determine whether the Company wishes to pursue the business opportunity. If the Company waives its right to pursue the business opportunity, you
may pursue the business opportunity on the same terms and conditions as originally proposed and consistent with the other ethical guidelines set forth in this Code.
| IV. |
Confidential Information
|
Employees and directors have access to a variety of confidential information regarding the Company. Confidential information includes
all non-public information that might be of use to competitors, or, if disclosed, harmful to the Company or its collaborators, customers or suppliers. Employees and directors have a duty to safeguard all confidential information of the Company or
third parties with which the Company conducts business, except when disclosure is authorized or legally mandated. Unauthorized disclosure of any confidential information is prohibited. Additionally, employees and directors should take appropriate
precautions to ensure that confidential or sensitive business information, whether it is proprietary to the Company or another company, is not communicated within the Company except to employees and directors who have a need to know such information
to perform their responsibilities for the Company. An employee’s and director’s obligation to protect confidential information continues after he or she leaves the Company. Unauthorized disclosure of confidential information could cause competitive
harm to the Company or its collaborators, customers or suppliers and could result in legal liability to you and the Company.
Any questions or concerns regarding whether disclosure of Company information is permitted or legally mandated should be promptly
referred to an Authorized Officer.
| V. |
Competition and Fair Dealing
|
All employees should endeavor to deal fairly with fellow employees and with the Company’s collaborators, licensors, customers, suppliers
and competitors. Employees should not take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts or any other unfair-dealing practice. Employees should maintain and
protect any intellectual property licensed from licensors with the same care as they employ with regard to Company-developed intellectual property. Employees should also handle the nonpublic information of our collaborators, licensors, suppliers and
customers responsibly and in accordance with our agreements with them, including information regarding their technology and product pipelines.
| VI. |
Gifts and Entertainment
|
The giving and receiving of gifts is a common business practice. Appropriate business gifts and entertainment are welcome courtesies
designed to build relationships and understanding among business partners. Gifts and entertainment, however, should not compromise, or appear to compromise, your ability to make objective and fair business decisions. In addition, it is important to
note that the giving and receiving of gifts are subject to a variety of laws, rules and regulations applicable to the Company’s operations. These include, without limitation, laws covering the marketing of products, bribery and kickbacks. You are
expected to understand and comply with all laws, rules and regulations that apply to your job position.
It is your responsibility to use good judgment in this area. As a general rule, you may give or receive gifts or entertainment to or
from collaborators, customers or suppliers only if the gift or entertainment is infrequent, modest, not in cash or cash equivalents (including gift certificates or gift cards), intended to further legitimate business goals, in compliance with
applicable law rules and regulations, and provided the gift or entertainment would not be viewed as an inducement to or reward for any particular business decision. All gifts and entertainment expenses should be properly accounted for on expense
reports. Additionally, business courtesies should generally only be provided in reasonable amounts and frequency, generally no more than four times per year, and in no event should gifts or entertainment exceed $100 USD or $100 USD per occasion,
respectively, without prior written approval by an Authorized Officer.
If you conduct business in other countries, you must be particularly careful that gifts and entertainment are not construed as bribes,
kickbacks or other improper payments. See the “Anti-Corruption Compliance and The U.S. Foreign Corrupt Practices Act” section of this Code as well as the Company’s Global Anti-Corruption Policy for more detailed information of our policies regarding
giving or receiving gifts related to business transactions in other countries.
You should make every effort to refuse or return a gift that is beyond these permissible guidelines. If it would be inappropriate to
refuse a gift or you are unable to return a gift, you should promptly report the gift to your supervisor. Your supervisor will bring the gift to the attention of an Authorized Officer, who may require you to donate the gift to an appropriate
community organization. If you have any questions about whether it is permissible to accept a gift or something else of value, contact your supervisor or an Authorized Officer for additional guidance.
Note that gifts and entertainment may not be offered or exchanged under any circumstances to or with any employees of the U.S.
government or state or local governments. If you have any questions about this policy, contact your supervisor or an Authorized Officer for additional guidance. For a more detailed discussion of special considerations applicable to dealing with the
U.S., state and local governments, see “Interactions with Governments.”
Accurate and reliable records are crucial to our business. Our records are the basis of our earnings statements, financial reports,
regulatory submissions and many other aspects of our business and guide our business decision-making and strategic planning. Company records include, without limitation, financial records, personnel records, supplier lists, customer lists, records
relating to our locations, facilities, products, technology and product development, customer collaborations, manufacturing and regulatory submissions and all other records maintained in the ordinary course of our business.
All Company records must be complete, accurate and reliable in all material respects. Each employee and director must follow any formal
document retention policy of the Company with respect to Company records within such employee’s or director’s control. Please contact your supervisor or an Authorized Officer to obtain a copy of any such policy or with any questions concerning any
such policy.
| VIII. |
Protection and Use of Company Assets
|
Employees should protect the Company’s assets and ensure their efficient use for legitimate business purposes only and not for any
personal benefit or the personal benefit of anyone else. Theft, carelessness and waste have a direct impact on the Company’s financial performance. The use of Company funds or assets, whether or not for personal gain, for any unlawful or improper
purpose is prohibited.
Employees should be aware that Company property includes all data and communications transmitted or received to or by, or contained in,
the Company’s electronic or telephonic systems. Company property also includes all written communications. Employees and other users of this property should have no expectation of privacy with respect to these communications and data. To the
extent permitted by law, the Company has the ability, and reserves the right, to monitor all electronic and telephonic communication. These communications may also be subject to disclosure to law enforcement or government officials.
| IX. |
Accuracy of Financial Reports and Other Public Communications
|
As a public company we are subject to various securities laws, regulations and reporting obligations. Both federal law and our policies
require the disclosure of accurate and complete information regarding the Company’s business, financial condition and results of operations. Inaccurate, incomplete or untimely reporting will not be tolerated and can severely damage the Company and
result in legal liability.
The Company’s principal financial officers and other employees working in the Company’s finance department or otherwise involved in the
Company’s financial statements and financial reporting have a special responsibility to ensure that all of our financial disclosures are full, fair, accurate, timely and understandable. These employees must understand and strictly comply with
generally accepted accounting principles and all standards, laws and regulations for accounting and financial reporting of transactions, estimates and forecasts.
| X. |
Compliance with Laws and Regulations
|
Each employee and director has an obligation to comply with all laws, rules and regulations applicable to the Company’s operations.
These include, without limitation, laws covering bribery and kickbacks, the development, testing, manufacture, marketing and sale of our products, copyrights, trademarks and trade secrets, information privacy, insider trading, illegal political
contributions, antitrust prohibitions, foreign corrupt practices, offering or receiving gratuities, environmental hazards, employment discrimination or harassment, occupational health and safety, false or misleading financial information or misuse of
corporate assets. You are expected to understand and comply with all laws, rules and regulations that apply to your job position. If any doubt exists about whether a course of action is lawful, you should seek advice from your supervisor or an
Authorized Officer.
|
A. |
Interactions with Governments
|
The Company may conduct business with the U.S. government, state and local governments and the governments of other countries. The
Company is committed to conducting its business with all governments and their representatives with the highest standards of business ethics and in compliance with all applicable laws and regulations, including the special requirements that apply to
communications with governmental bodies that may have regulatory authority over our products and operations, such as government contracts and government transactions.
If your job responsibilities include interacting with the government, you are expected to understand and comply with the special laws,
rules and regulations that apply to your job position as well as with any applicable standard operating procedures that the Company has implemented. If any doubt exists about whether a course of action is lawful, you should seek advice immediately
from your supervisor and an Authorized Officer.
In addition to the above, you must obtain approval from an Authorized Officer or the Company’s Chief Financial Officer for any work
activity that requires communication with any member or employee of a legislative body or with any government official or employee. Work activities covered by this policy include meetings with legislators or members of their staffs or with senior
executive branch officials on behalf of the Company. Preparation, research and other background activities that are done in support of lobbying communication are also covered by this policy even if the communication ultimately is not made. If any
doubt exists about whether a given work activity would be considered covered by this provision, you should seek advice immediately from your supervisor and an Authorized Officer.
For additional information regarding the Company’s policies on interactions with governments, please contact an Authorized Officer.
|
B. |
Political Contributions and Volunteer Activities
|
The Company encourages its employees and directors to participate in the political process as individuals and on their own time.
However, federal and state contribution and lobbying laws severely limit the contributions the Company can make to political parties or candidates. It is Company policy that Company funds or assets not be used to make a political contribution to
any political party or candidate, unless prior approval has been given by an Authorized Officer or, if for an Authorized Officer, the Chief Financial Officer. The Company will not reimburse you for personal political contributions. When you
participate in non-Company political affairs, you should be careful to make it clear that your views and actions are your own, and not made on behalf of the Company. Please contact an Authorized Officer if you have any questions about this policy.
|
C. |
Compliance with Antitrust Laws
|
Antitrust laws of the United States and other countries are designed to protect consumers and competitors against unfair business
practices and to promote and preserve competition. Our policy is to compete vigorously and ethically while complying with all antitrust, monopoly, competition or cartel laws in all countries, states or localities in which the Company conducts
business. Violations of antitrust laws may result in severe penalties against the Company and its employees, including potentially substantial fines and criminal sanctions.
The following are examples that constitute violations of applicable antitrust laws and regulations, and must not be engaged in under any
circumstances: agreements with competitors to fix prices or any other terms and conditions of sale; agreements with competitors to boycott specified suppliers or customers; agreements with competitors to allocate products, territories or markets, or
to limit the production or sale of products or product lines; agreements with customers to fix resale prices; and any behavior that could be construed as an attempt to monopolize.
You are expected to maintain basic familiarity with the antitrust principles applicable to your activities, and you should consult an
Authorized Officer with any questions you may have concerning compliance with these laws.
|
1. |
Meetings with Competitors
|
Employees should exercise caution in meetings with competitors. Any meeting with a competitor may give rise to the appearance of
impropriety. As a result, if you are required to meet with a competitor for any reason, you should obtain the prior approval of an executive officer of the Company. You should try to meet with competitors in a closely monitored, controlled
environment for a limited period of time. You should create and circulate agendas in advance of any such meetings, and the contents of your meeting should be fully documented.
|
2. |
Professional Organizations and Trade Associations
|
Employees should be cautious when attending meetings of professional organizations and trade associations at which competitors are
present. Attending meetings of professional organizations and trade associations is both legal and proper, if such meetings have a legitimate business purpose and are conducted in an open fashion, adhering to a proper agenda. At such meetings, you
should not discuss the Company’s pricing policies or other competitive terms or any other proprietary, competitively sensitive information. You are required to notify your supervisor or an Authorized Officer prior to attending any meeting of a
professional organization or trade association.
|
D. |
Compliance with Insider Trading Laws
|
Consistent with the Company’s Insider Trading Compliance Policy, the Company’s employees and directors are prohibited from trading in
the stock or other securities of the Company while in possession of material nonpublic information about the Company. In addition, Company employees and directors are prohibited from recommending, “tipping” or suggesting that anyone else buy or sell
the Company’s stock or other securities on the basis of material non-public information. Employees and directors who obtain material non-public information about another company in the course of their duties are prohibited from trading in the stock
or securities of the other company while in possession of such information or “tipping” others to trade on the basis of such information. Violation of insider trading laws can result in severe fines and criminal penalties, as well as disciplinary
action by the Company, up to and including, for an employee, termination of employment or, for a director, a request that such director resign from the Board of Directors. You are required to read carefully and observe our Insider Trading Compliance
Policy, as amended from time to time. Please contact an Authorized Officer for a copy of the Insider Trading Compliance Policy or with any questions you may have about insider trading laws.
E. Public Communications and
Regulation FD
|
1. |
Public Communications Generally
|
The Company places a high value on its credibility and reputation in the community. What is written or said about the Company in the
news media and investment community directly impacts our reputation, positively or negatively. Our policy is to provide timely, accurate and complete information in response to public requests (from media, analysts, etc.), consistent with our
obligations to maintain the confidentiality of competitive and proprietary information and to prevent selective disclosure of market-sensitive financial data. The Company has adopted a separate Policy Statement – Guidelines for Corporate Disclosure
to maintain the Company’s credibility and reputation in the community, to maintain the confidentiality of competitive and proprietary information and to prevent selective disclosure of market-sensitive financial data.
|
2. |
Compliance with Regulation FD
|
In connection with its public communications, the Company is required to comply with a rule under the federal securities laws referred
to as Regulation FD (which stands for “fair disclosure”). Regulation FD provides that, when we disclose material non-public information about the Company to securities market professionals or the Company’s stockholders (where it is reasonably
foreseeable that the stockholders will trade on the information), we must also disclose the information to the public. “Securities market professionals” generally include analysts, institutional investors and other investment advisors.
The Company has designated certain individuals as “spokespersons” who are responsible for communicating with analysts, institutional
investors and representatives of the media. Any employee or director who is not a designated spokesperson of the Company is prohibited from communicating any information about the Company to analysts, institutional investors, other stockholders or
representatives of the media, except at the request of the Company’s designated spokespersons.
For more information on the Company’s policies and procedures regarding public communications and Regulation FD, please contact an
Authorized Officer for a copy of the Company’s Policy Statement – Guidelines for Corporate Disclosure or with any questions you may have about disclosure matters.
F. Anti-Corruption Compliance
and The U.S. Foreign Corrupt Practices Act
The Company is committed to complying with the U.S. Foreign Corrupt Practices Act (the “FCPA”) and other applicable anti-corruption laws. The FCPA prohibits the Company and its employees, directors, officers, and agents from offering, giving, or promising
money or any other item of value, directly or indirectly, to win or retain business or to influence any act or decision of any government official, political party, candidate for political office, or official of a public international organization.
The Company prohibits employees, directors, and officers from giving or receiving bribes, kickbacks, or other inducements to foreign officials. This prohibition also extends to payments to agents acting on the Company’s behalf if there is reason to
believe that the payment will be used indirectly for a prohibited payment to foreign officials. Indirect payments include any transfer of money or other item of value to another individual or organization where the person making the transfer knows
or has reason to know that some or all of that transfer is for the benefit of an individual to whom direct payments are prohibited. The use of agents for the payment of bribes, kickbacks or other inducements is expressly prohibited. Violation of
the FCPA and other applicable anti-corruption laws is a crime that can result in severe fines and criminal penalties, as well as disciplinary action by the Company, up to and including, for an employee, termination of employment or, for a director, a
request that such director resign from the Board of Directors.
For further information on the Company’s anti-corruption policies and procedures, please see the Company’s Global Anti-Corruption Policy
and, for questions regarding applicable rules, regulations and Company policy, please contact an Authorized Officer.
G. International Trade Laws
Company employees and agents must know and comply with U.S. laws and regulations that govern international operations, as well the local
laws of countries where the Company operates. The United States and many other countries have laws that restrict or otherwise require licensing for the export or import of certain goods and services to other countries or to certain parties. If you
are involved with importing, you need to be aware of the applicable governmental regulations and requirements, including those required by the Customs-Trade Partnership Against Terrorism (C-TPAT). A failure to comply can result in fines, penalties,
imprisonment and/or a loss of import privileges. U.S. laws and regulations also impose various trade sanctions or embargoes against other countries or persons, and prohibit cooperation with certain boycotts imposed by some countries against others.
The Company does not participate in prohibited boycotts.
The scope of these licensing requirements, trade sanctions, and trade embargoes may vary from country to country. They may range from
specific prohibitions on trade of a given item to a total prohibition of all commercial transactions. It is important to note that the Company may not facilitate or encourage a non-domestic company to perform a transaction that it could not perform
itself pursuant to sanctions laws.
Employees involved in export transactions or international operations must familiarize themselves with the list of countries against
which the United States maintains comprehensive sanctions and the rules relating to exporting to or transacting with such countries, either directly or indirectly through foreign subsidiaries or other third parties. In addition, the Company must
comply with counter-terrorism requirements when engaging in international trade. Due to the complexities of these international trade laws, contact an Authorized Officer before exporting or importing goods or services, or engaging in transactions
with countries or persons that may be affected by economic or trade sanctions. If requested to participate in or cooperate with an international boycott that the United States does not support, you may not agree to or comply with such request.
Immediately report this request to an Authorized Officer.
| XI. |
Environment, Health and Safety
|
The Company is committed to providing a safe and healthy working environment for its employees and to avoiding adverse impact and injury
to the environment and the communities in which it does business. Company employees must comply with all applicable environmental, health and safety laws, regulations and Company standards. It is your responsibility to understand and comply with
the laws, regulations and policies that are relevant to your job. Failure to comply with environmental, health and safety laws and regulations can result in civil and criminal liability against you and the Company, as well as disciplinary action by
the Company, up to and including termination of employment. You should contact the an Authorized Officer if you have any questions about the laws, regulations and policies that apply to you.
All Company employees should strive to conserve resources and reduce waste and emissions through recycling and other energy conservation
measures. You have a responsibility to promptly report any known or suspected violations of environmental laws or any events that may result in a discharge or emission of hazardous materials.
The Company is committed not only to complying with all relevant health and safety laws, but also to conducting business in a manner
that protects the safety of its employees. All employees are required to comply with all applicable health and safety laws, regulations and policies relevant to their positions. If you have a concern about unsafe conditions or tasks that present a
risk of injury to you, please report these concerns immediately to your supervisor or an Authorized Officer.
The Company pursues fair employment practices in every aspect of its business. The following is only intended to be a summary of
certain of our employment policies and procedures. Copies of the Company’s detailed policies are available upon request. Company employees must comply with all applicable labor and employment laws, including anti-discrimination laws and laws
related to freedom of association and privacy. It is your responsibility to understand and comply with the laws, regulations and policies that are relevant to your job. Failure to comply with labor and employment laws can result in civil and
criminal liability against you and the Company, as well as disciplinary action by the Company, up to and including termination of employment. You should contact an Authorized Officer if you have any questions about the laws, regulations and policies
that apply to you.
|
D. |
Harassment and Discrimination
|
The Company is committed to providing equal opportunity and fair treatment to all individuals on the basis of merit, without
discrimination because of race, color, religion, national origin, sex (including pregnancy), sexual orientation, age, disability, veteran status or other characteristic protected by law. The Company also prohibits harassment based on these
characteristics in any form, whether physical or verbal and whether committed by supervisors, non-supervisory personnel or non-employees. Harassment may include, but is not limited to, offensive sexual flirtations, unwanted sexual advances or
propositions, verbal abuse, sexually or racially degrading words, or the display in the workplace of sexually suggestive or racially degrading objects or pictures.
If you have any complaints about discrimination or harassment, report such conduct to your supervisor. All complaints will be treated
with sensitivity and discretion. Your supervisor and the Company will protect your confidentiality to the extent possible, consistent with law and
the Company’s need to investigate your concern. Where our investigation uncovers harassment or discrimination, we will take prompt corrective action, which may include disciplinary action by the Company, up to and including, termination of
employment. The Company strictly prohibits retaliation against an employee who, in good faith, files a complaint.
Any member of management who has reason to believe that an employee has been the victim of harassment or discrimination or who receives
a report of alleged harassment or discrimination is required to report it to the relevant human resources personnel immediately.
The Company is committed to maintaining a drug-free work place. All Company employees must comply strictly with Company policies
regarding the abuse of alcohol and the possession, sale and use of illegal drugs (for the purpose of this Code, “illegal drugs” includes marijuana). Drinking alcoholic beverages is prohibited while on duty or on the premises of the Company, except
at specified Company-sanctioned events or as otherwise authorized by management. Possessing, using, selling or offering illegal drugs and other controlled substances is prohibited under all circumstances while on duty or on the premises of the
Company. Likewise, you are prohibited from reporting for work, or driving a Company vehicle or any vehicle on Company business, while under the influence of alcohol or any illegal drug or controlled substance.
|
F. |
Violence Prevention and Weapons
|
The safety and security of Company employees is vitally important. The Company will not tolerate violence or threats of violence in, or
related to, the workplace. If you experience, witness or otherwise become aware of a violent or potentially violent situation that occurs on the Company’s property or affects the Company’s business you must immediately report the situation to your
supervisor or the appropriate human resources personnel.
The Company does not permit any individual to have weapons of any kind on Company property or in vehicles, while on the job or off-site
while on Company business. This is true even if you have obtained legal permits to carry weapons. The only exception to this policy applies to security personnel who are specifically authorized by Company management to carry weapons.
| XII. |
Personal Conduct and Social Media
|
Company employees should take care when presenting themselves in public settings, as well as online and in web-based forums or
networking sites. Each Company employee is encouraged to conduct himself or herself in a responsible, respectful, and honest manner at all times. The Company understands that employees may wish to create and maintain a personal presence online using
various forms of social media. However, in so doing employees should, if posting about any topic relating to the Company or the Company’s industry, include a disclaimer that the views expressed therein reflect the employee’s personal opinion and do
not necessarily reflect the views of the Company. Company employees should be aware that that even after a posting is deleted, certain technology may still make that content available to readers.
Company employees are prohibited from using or disclosing confidential, proprietary, sensitive or trade secret information of the
Company, its partners, vendors, consultants or other third parties with which the Company does business. Harassment of others will also not be tolerated. A Company employee may not provide any content to Company social media sites that may be
construed as political lobbying or solicitation of contributions, or use the sites to link to any sites sponsored by or endorsing political candidates or parties, or to discuss political campaigns, political issues or positions on any legislation or
law.
To help ensure compliance with the Code, the Company requires that all directors, officers and Company employees review the Code and
acknowledge in writing their understanding of, and their agreement to comply with the Code.
This Code contains general guidelines for conducting the business of the Company consistent with the highest standards of business
ethics. If you have any questions about these guidelines, please contact your supervisor or an Authorized Officer. The Company expects all of its employees and directors to adhere to these standards.
This Code, as applied to the Company’s principal financial officers, shall be our “code of ethics” within the meaning of Section 406 of
the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder.
This Code and the matters contained herein are neither a contract of employment nor a guarantee of continuing Company policy. The
Company reserves the right to amend, supplement or discontinue this Code and the matters addressed herein, without prior notice, at any time.
* * * * *
Effective Date: July 15, 2021
