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How does a department transfer a key from an employee who is retiring or leaving to a new employee?

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How does a department transfer a key from an employee who is retiring or leaving to a new employee?

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A. First, if the new employee has not yet been hired but will be soon, the key can be put in escrow for as long as one semester. An escrow memo should be written indicating the key code and issuance number for Key Control and the key can simply be transferred when the new person is hired. To transfer a key the employee should sign the form on the line “Signature of Person Receiving Transferred Key” No other form is necessary.

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