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Subject: Update: Annual Review Cycle Moving to April Hi team, This year’s Annual Review cycle will occur in April rather than December. Annual performance reviews, setting of goals for the upcoming year and any corresponding salary increases or training will be more complete and beneficial if conducted in April instead of in December. The review cycle in April will enable us to more fully align the goals of our Team Members with the business objectives of the Company for the upcoming year. For those wondering what this change means for the Annual Performance Review (APR), all elements (annual performance review, goal setting, etc. related to compensation) will now occur in April instead of December. We will develop a great calendar of key dates with corresponding instructions to ensure everyone has sufficient time to prepare for their respective reviews. While the Annual Performance Reviews and Goal Setting discussions will now occur in April as part of the annual review cycle instead of December, Management intends for ongoing feedback and regular feedback to occur throughout the year. Thus, when scheduling one-on-one meetings with your team members, use those meetings to review progress, discuss priorities, and help to identify areas for development and that what you learn during the formal review process will not be a surprise. While changing the review cycle time is a big change we are committed to ensuring a smooth transition to the new annual review cycle time. If you have any questions regarding this change or would like to discuss the implications this will have on your current goals and those that you have for the upcoming review, as well as for how you can start to prepare for the review, please speak with your manager or HR representative. Thank you for your flexibility and continued commitment. Best, [Your Name]