EVOL » Topics » Benefits

This excerpt taken from the EVOL 8-K filed Jan 3, 2008.
Benefits
 

You will receive benefits in accordance with the Company’s standard benefits plan and policies, with the following modifications:

 

1.                                      

This excerpt taken from the EVOL 8-K filed Jan 4, 2007.

III.           Benefits

You will receive benefits in accordance with the Company’s standard benefits plan and policies, with the following modifications:

This excerpt taken from the EVOL 8-K filed Dec 29, 2005.
Benefits

 

You will receive benefits in accordance with the Company’s standard benefits plan and policies, with the following modifications:

 

This excerpt taken from the EVOL 8-K filed Mar 31, 2005.

III.  Benefits

        You will receive benefits in accordance with the Company's standard benefits plan and policies, with the following modifications:

        1.    Paid Time Off:    Your Paid Time Off (PTO) will be set at one level above the "standard" rates for employees, as follows:

Years of Service

  Hours Accrued per Pay Period
  Annual # of Days of PTO
0-2   6.16   20
3-5   7.69   25
6+   9.23   30

You will be expected to record your PTO in accordance with standard Company policy and all other provisions of the Company's PTO policy will apply.

        2.    Life Insurance Benefits:    In addition to the standard life insurance benefits payable to employees of the Company, the Company will provide life insurance to you in the amount of $300,000, subject to your insurability. The Company pays the premium, but the premium attributable to insurance over $50,000 is taxable to you.

        3.    Disability Benefits:    The Company will provide you with short term and long term disability insurance coverage per the Company's general plan for all employees. The general plan for employees pays benefits at the rate of 662/3% of your base pay, with a base pay cap of $8,501 per month (resulting in total monthly benefit payable to you under the Company plan of $5,667). This benefit, if payable, terminates at age 65. In addition, the Company will make available to you, at your expense, additional long term disability coverage that will pay the lesser of the difference between 662/3% of your monthly base salary and the benefit provided under the general Company plan or $6,000 per month. (For example, if your monthly base salary is $15,000, the additional long-term disability policy will provide $4,334, the difference between the general Company plan benefit ($5,667) and 662/3% of your base salary.) This additional benefit is payable until age 65, or, in some cases has a 5 year payout. If you have any questions about the disability benefits, please see the HR Director.

        4.    Upgrade to First Class/Business Travel.    Upgrades to first class domestic travel/business class international travel will be made available to you using airline upgrade certificates. However, the Company expects that you not use this privilege when traveling with another employee unless that employee has the ability to upgrade (i.e. because of frequent flyer miles). This benefit does NOT imply that you are authorized to buy first class tickets.

        5.    Miscellaneous Benefits.    The Company will provide you with a cell phone and cell phone service and reimburse you for the cost (basic service) of a second phone line to your home. You will also be provided with a laptop computer and a second docking station to be used in your home.

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