CPA Exam Policy and Procedure

• Up to $3,500 to be utilized for review course and exam sitting fees
• Unused costs are not given to the employee upon passing the exam
• The employee must complete one year of service after the latest reimbursement or will owe the Company 50% of the total reimbursement to date
• No reimbursement is allowed for exam rescheduling fees unless approved by Shareholder-in-Charge
• Exam reimbursement from hire date up through June 30, 2008 will reduce the $3,500 as mentioned above
• Professional Ethics exam fee
• License registration fee
• Ohio Society of CPA initial and annual dues
• American Institute of Certified Public Accountants initial and annual dues

• Pass within 6 months of effective date = $2,000
• Pass within 7 to 12 months of effective date = $1,500
• Pass within 13 to 18 months of effective date = $1,000
• Pass within 19 to 24 months of effective date = $500
• After 25 months from effective date = $0

• Day off on exam day (not considered vacation day)
• When taking each section for the first time, 1 paid day off will be provided
• All time off requests are to be emailed to Shareholder-in-Charge
• If a test is scheduled and missed or moved, no study day will be provided for that section unless approved by the Shareholder-in-Charge
• There are no restrictions for taking the exam except as defined by the AICPA and NASBA (March, June, September and December)
• Complete working days are still expected to be worked during Busy Season (January 1 – April 15) and Summer (April 16 – December 31)

• An employee cannot be promoted to Senior until the CPA exam is completed

• Effective date is equivalent to July 1, 2008 for employees hired before July 1, 2008
• Effective date for employees hired on or after July 1, 2008 is the 1st complete testing window after the date of hire (ex: Date of Hire is September 15th, effective date October 1st)
• Employees that do not have the required 150 credit hours to sit for the exam will be given additional time as approved by Shareholder-in-Charge