Employee Benefits (All) DRAFT

Employee Benefits

HTii provides a comprehensive benefits package to all full-time employees.

Employee Recognition

Employee Recognition and Awards

Employee Recognition: HTii’s employee recognition programs are designed to reward employees for superior performance. We encourage all employees to “be their very best” at every opportunity. The company’s award programs recognize deserving employees who have made outstanding contributions to customers, projects, marketing, R&D, or significant cost savings. The company’s bonus program recognizes deserving employees based on exemplary job performance and contributions to the company and our customers. Service Recognition: HTii acknowledges the cumulative contribution of all employees who directly contribute toward the excellence of the company by presenting awards at the levels of 10 years, 15 years, and 20 or more years of service to the company.

401(k)

HTii offers 401(k) Savings to all employees after 6 months of service.

On the first day of the month following the completion of six (6) months of employment with HTii, employees at least 21 years of age are eligible to contribute funds not to exceed the current federal maximum of their compensation into the 401(k) on a pre-tax basis or post-tax (Roth) basis. A variety of investment mutual funds are available, and each participant decides how the contribution into their account will be invested.

Health Care

HTii offers comprehensive United Health Care insurance to all full-time employees.

HTii covers the majority of the employee premium based on plan choices. Eligible dependents can also be covered through payroll deductions. HTii contributes (percentage determined annually) toward the dependents monthly premium. If health coverage is elected by the employee (and dependents if necessary), coverage will begin on the 1st day of the month following date of hire.

Education Assistance

HTii offers Education Assistance to all full-time employees.

Employees are encouraged to continue their professional development under an approved education plan. Permanent, full-time employees are eligible for company assistance for job-related education and technical training.

Life Insurance

HTii provides life insurance in the Standard Insurance Company plan for all full-time employees.

In the event of death, the beneficiary will receive a lump sum of $50,000. Accidental death is covered at twice the scheduled benefit. Accidental dismemberment is paid according to a schedule of losses up to a maximum of twice the scheduled benefit. Employees may purchase additional voluntary life insurance for themselves and/or for their spouse/dependents.

Dental & Vision

HTii offers Guardian Dental insurance and Guardian Vision Service Plan (VSP).

HTii offers 50% employer paid Guardian Dental insurance to all full-time employees. Eligible dependents can also be covered through a payroll deduction equal to the dependent portion of the monthly premium. Voluntary participation Guardian Vision Service Plan (VSP) allows a portion of your salary to be redirected to provide this additional coverage as an additional benefit for you and your family. VSP allows you to visit any licensed optometrist or ophthalmologist; however you will save more money by visiting a VSP network provider.

Leave (Vacation, Sick, etc.)

HTii provides competitive leave options for all full-time employees.

Annual Leave (Vacation): Commencing on the first day of the first full pay period, all full-time employees will accrue annual leave per pay period at the rate specified in the individual employment agreement. The standard vacation entitlement begins with ten (10) days per year. There are provisions for increases after one year to fifteen (15) days per year and at eight years of employment to twenty (20) days per year. Sick Leave: Commencing on the first day of the first full pay period, all full-time employees accrue sick leave at the rate specified in the individual employment agreement. Sick leave will accrue per pay period and is capped at 15 days. The standard sick leave is accrued at the rate of ten (10) days per year. There are provisions for increases after ten years of employment. Holiday Leave: A total of 13 holidays per year, 11 federally recognized holidays and two “floating holidays” for full-time employees are provided. Other Leave: HTii also provides coverage for other leave periods including jury duty, military duty, education, bereavement, and in selected special cases, personal leaves of absence.

Flex Spending Accounts

HTii offers to full-time employees Flex Spending Accounts.

The TASC program may help you save tax dollars on such expenses associated with medical and dental by establishing a flexible spending account (FSA) for you. There are two types of FSA’s: - Unreimbursed medical (URM) - Dependent daycare (DDC) Your participation in this program allows a portion of your salary to be redirected to provide reimbursement for these types of expenses!

Short & Long Term Disability

HTii offers both Short and Long Term Disability to full-time employees.

Short-Term and Long-Term Disability Benefits Short-Term (ST) Benefits: If disabled due to an accident or illness, (waiting period of 0 days for accident, 7 days for disease, pregnancy, or mental disorder), benefit is paid at a rate of 60% of the first $1,667 of weekly earnings with a maximum of $2,000 per week for a maximum of 90 days. Long-Term (LT) Benefits: If disabled for 90 days, benefit is paid at a rate of 60% of the first $8,333 of monthly earnings with a maximum of $8,000 per month for a maximum of 3 years, 6 months if 62 years or younger. Other maximum periods apply for those 63 and older.