| Benefit | Summary | Date of Eligibility |
|
MEDICAL INSURANCE: Harvard Pilgrim Health Care |
HMO - Referral system that requires employees in New England to select a primary care physician (PCP). PPO - Allows employees to select providers from either inside the network or outside the network at additional costs. |
Date of hire or open enrollment (Shared premium cost: 80% EXFO, 20% Employee) |
|
VISION PLAN: Harvard Pilgrim Health Care |
Coverage includes eye exam (one every 12 months) and discounts on eyewear, contact lenses, and laser vision correction. |
Date of hire or open enrollment (Shared premium cost: 80% EXFO, 20% Employee) |
|
DENTAL INSURANCE: Delta Dental |
Requires selection of a dentist from the plan's participating group. Subject to deductible and annual maximum. Coverage varies across preventative, restorative, and major services categories. |
Date of hire or open enrollment (Shared premium cost: 80% EXFO, 20% Employee) |
|
LIFE INSURANCE/AD&D: Reliance Standard |
Two times Base Annual Earnings (BAE) up to $325,000. Additional two times BAE up to $325,000 if a death occurs as a result of an accident. |
Date of hire (100% paid by EXFO) |
| DOMESTIC PARTNER: | Provides health and other benefits for eligible domestic partners of employees. | Date of hire or open enrollment |
| SHORT TERM DISABILITY: | Plan pays up to 80 percent of Base Monthly Earnings (taxable benefit) to a maximum of $2,000 per week for up to 90 days. |
Date of hire (100% paid by EXFO) |
|
LONG TERM DISABILITY: Reliance Standard |
Coverage begins after 90 days of disability and pays 60 percent of Base Monthly Earnings untaxed up to a maximum benefit of $8,000 per month. |
Date of hire Employee is taxed on premium cost so benefit, if needed, is non-taxable. |
|
401(k) RETIREMENT SAVINGS PLAN: Fidelity Investments |
Retirement savings plan with choice of 29 funds subject to maximum percent of total compensation and/or IRS annual limits. For 2008, election deferral maximum is $16,000. Plan accepts rollovers from previous employers. The IRS also allows "catch up" contributions for those age 50 or over. | First of quarter following date of hire |
|
FLEXIBLE BENEFIT: (Section 125) |
Allows employees to set aside a portion of their income, pre-tax, to pay for expenses incurred for insurance premiums, un-reimbursed medical or dental costs, and dependent-care costs. IRS limits apply. | Date of hire |
| VACATION: | 15 paid vacation days per calendar year. (Accrued each biweekly pay period.) Maximum carryover is 10 days. | Accrual per pay period |
| HOLIDAYS: | 10 paid holidays per calendar year | Date of hire |
| SICK DAYS: | As needed, subject to manager's approval. | Date of hire |
| PERSONAL DAYS: | As needed, subject to manager's approval. | Date of hire |
|
HEALTH CLUB REIMBURSEMENT: (via Harvard Pilgrim Health Care) |
Annual reimbursement of $150 towards the cost of any health club membership. | Date of hire |
| PATENT AWARD: | Employees are eligible for a monetary award for submission of qualified Invention Disclosures to EXFO. | Date of hire |
| NEW EMPLOYEE REFERRAL AWARD: | Employees are eligible for a monetary award for referring a qualified candidate who is subsequently hired by EXFO. | Date of hire |
* NOTE: The above information is summary in nature and subject to change at any time without notice.