We
offer an excellent comprehensive benefit package for employees and their
families! It includes the following:
Health
Care
- Medical Insurance
Employees can choose between Kaiser HMO and
Blue Cross PPO. Both plans offer hospitalization, surgical, preventative
care and prescription drug benefits.
- Dental Insurance
Visit the dentist of your choice for quality
dental coverage.
- Disability
Supertex offers a disability income protection
plan in the event that employees become disabled and are unable to
work. It provides for up to 60% of earnings while disabled.
- Basic Life Insurance/AD&D
Life insurance coverage is equivalent to employees'
annual income.
- Supplemental AD&D
Insurance
Protection in the event of your accidental death
or serious injury for those employees who elect to purchase coverage.
Stock
Option Plan
Supertex offers eligible employees a stake in
the company. Stock Options may be granted to eligible employees upon hire
and for exceptional performance.
Employee
Stock Purchase Plan (ESPP)
The Employee Stock Purchase Plan (ESPP) provides
you with the opportunity to share in the success of Supertex by owning
stock in the company. Eligible employees may purchase shares of Supertex
common stock at a discounted price through payroll deduction.
401(k)
Retirement Savings Plan
Supertex matches a portion of each employee's
pre-tax contributions. The IRS determines annual contribution limits.
Participants may invest contributions in their choice of several professionally
managed investment funds.
Deferred
Compensation Plan (SERP)
This plan allows a select group of management
employees to defer a portion of their taxable compensation into a non-qualified
plan. Eligible employees may enroll once per year at open enrollment.
Section
125 Plan Options
- Premium Contribution
Plan
Employees may elect to deduct pre-tax dollars
for employee contributions for medical and dental coverage.
- Health Care Reimbursement
Account
Employees elect to deduct pre-tax dollars from
their paycheck to pay for eligible out-of-pocket health care expenses,
such as co-payments, deductibles, dental, orthodontia and vision care
expenses.
- Dependent Care
Reimbursement Account
This account allows employees the opportunity
to deduct pre-tax dollars from their paycheck to pay for eligible
out-of-pocket dependent care expenses.
Time
Off
- Holidays
Supertex observes 10 holidays per calendar year.
- Vacation
Employees of Supertex enjoy 10 days of vacation
per year. Vacation accrual increases based on years of service, up
to a maximum of twenty days per year.
- Sick Leave
Employees receive 10 days of sick pay per year.
A portion of unused sick time is paid to eligible non-exempt employees
at the end of the year.
Other
Benefits
- Educational Assistance
The tuition reimbursement program is designed
to assist employees with the cost of eligible education expenses up
to an amount of $5,000 per year.
- Employee Referral
Program
Employees may refer qualified candidates to
Supertex and receive cash if they are hired!
NOTE:
This document does not represent a contract of employment and Supertex
reserves the right to alter, amend, modify or cancel any of the programs
described above in whole or in part. This document is intended to be a
brief description of insurance coverage and other benefits. Final interpretation
of the benefit provisions of any plan is governed by the legal documents. |
