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This excerpt taken from the IDIX DEF 14A filed Apr 28, 2009. Benefits
We maintain benefits that are provided to all employees,
including health and dental insurance, life and disability
insurance and a 401(k) plan. All eligible and participating
employees receive a 401(k) match of 25% on pre-tax
contributions, up to the first six (6) percent of eligible
compensation. Executive officers are eligible to participate in
all of our employee benefit plans, in each case on the same
basis as other employees.
We also provide all employees, including executive officers with
a flexible spending account plan and paid time off benefits
including, vacation, sick time and holidays. We also provide the
chief executive officer with company-paid life insurance, with a
death benefit amount of $2.0 million and company-paid
disability with an aggregate benefit amount of
$2.0 million, either payable in a lump-sum or as an annuity.
The committee analyzed tally sheets to determine whether our
current combination of compensation elements provided to our
executives contain what they consider to be an appropriate mix
of cash compensation, long term incentive and indirect
compensation in the form of benefits. We concluded that our
total compensation mix is appropriately structured at the
present time with a significant portion of the total
compensation placed on the variable awards such as the annual
incentive bonus and the long term component in the form of stock
options while keeping a lower portion in the fixed area of
benefits. We believe that this mix emphasizes the performance
aspect of the compensation framework and is consistent with the
interests of our shareholders. We do not offer or provide any
additional perquisites to the chief executive officer or any
other officer of the company.
This excerpt taken from the IDIX DEF 14A filed Apr 25, 2008. Benefits
We maintain broad-based benefits that are provided to all
employees, including health and dental insurance, life and
disability insurance and a 401(k) plan. Prior to 2007, we did
not match employee contributions to the 401(k) plan. Beginning
in 2007, all eligible and participating employees received a
401(k) match of 25% on pre-tax contributions, up to the first
six (6) percent of eligible compensation. Executive
Table of Contents
officers are eligible to participate in all of our employee
benefit plans, in each case on the same basis as other employees.
We also provide all employees, including executive officers with
a flexible spending account plan and paid time off benefits
including, vacation, sick time, personal time and holidays. We
also provide the chief executive officer with a company-paid
life insurance, with a death benefit amount of $2.0 million
and company-paid disability with an aggregate benefit amount of
$2.0 million, either being payable in a lump-sum or as an
annuity.
The committee analyzed tally sheets to determine whether our
current combination of compensation elements provided to our
executives contain the correct mix of cash compensation, long
term incentive and indirect compensation in the form of
benefits. We concluded that our total compensation mix is
appropriately structured at the present with a significant
portion of the total compensation placed on the variable awards
such as the annual incentive bonus and the long term component
in the form of stock options while keeping a lower portion in
the fixed area of benefits. We believe that this mix emphasizes
the performance aspect of the compensation framework and is
consistent with the interests of our shareholders. We do not
offer or provide any additional perquisites to the chief
executive officer or any other officer of the company.
This excerpt taken from the IDIX DEF 14A filed Apr 26, 2007. Benefits
We maintain broad-based benefits that are provided to all
employees, including health and dental insurance, life and
disability insurance and a 401(k) plan. Prior to 2007, we did
not match employee contributions to the 401(k) plan. Beginning
in 2007, all eligible employees will receive a 401(k) matching
contribution of 25% on pre-tax contributions, up to the first
six (6) percent of eligible compensation. Executive
officers are eligible to participate in all of our employee
benefit plans, in each case on the same basis as other employees.
We also provide all employees, including executive officers,
with a flexible spending account plan and paid time off benefits
including, vacation, sick time, personal time and holidays.
Idenix has a relocation policy for the purposes of moving new
hires or existing employees to the relevant Idenix work
location. New employees who receive relocation benefits also
receive gross up payments for the partial or full value of the
relocation benefit. We also provide the chief executive officer
with a company-paid life insurance, with a death benefit amount
of $2.0 million and company-paid disability with an
aggregate benefit amount of $2.0 million, either being
payable in a lump-sum or as an annuity. Our chief executive
officer will also receive gross up payments in the event of a
change in control of Idenix as more fully discussed below.
We provide our executive vice president, operations with a
company-paid life insurance policy with a death benefit of
$1.0 million. We do not offer or provide any additional
perquisites to our chief executive officer or any of our other
officers.
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