Day 1 Compensation and Benefits

• Impact on Your Job
• Our Commitment to You …
• Transition Road Map
• Transition Events Schedule
• Important Compensation and Benefit Reminders
• Acquirer Compensation Adjustments
• Compensation - Exempt Employees
• Compensation - Office Hourly Employees
• Compensation - Field Hourly Employees
• Acquired Co. Services Benefit Offerings
• Benefits Overview
• For More Information

Potential Changes During Integration

• Some employees may be asked to move to another location or be asked to work out of the same location but cover different geographical areas
• Some employees may be asked to take on different or added responsibilities
• Some employees may report directly or indirectly to a different person

• Your offer of employment with Acquirer includes a new base pay which includes changes in vacation, holidays, and comparable benefits.
• You will receive recognition for your years of service to Acquired Co. for the benefit programs
• You will be rewarded for your performance and contribution
• You will be given all the necessary information during the transition to make the best decision for your career
• You will have the opportunity to advance with a company that is growing fast

Announcement

• Contract signing announcement
• Employees introduced to business partners
• Employees learn about company benefits
• Employees receive offer letters and have 14 days to make their decision

Transition Period

• Question & answer process in place
• Leadership road shows
• Offer responses due (max 14 days after receipt)
• Benefits enrollment period continues (stops 14 days before effective date)
• Payroll transition forms completed

Effective Date

• Employee start date
• Benefits coverage effective
• Day one launch event
• Orientation and initial training begins
• Final payroll transition forms completed

Offer Letter

Return of your offer letter

• Per instructions with letter return USPS or confidential fax number
• Return accepting or rejecting
• Return ALL pages of the letter
• Letter must be signed, dated and SSN included
• Must be received by Acquirer’s no later than 14 days from date of the letter
• Keep a copy of the letter for your own files

Benefits Enrollment & Payroll Documents

Benefits Enrollment

• Complete all forms (as necessary) from package with this session
• 401(k) documents will come later after acceptance letter is received and validated

Other Employment & Payroll Documents

• Contact Info Sheet
• W-4
• Automatic Deposit Forms
• I-9 – required and to be completed per instructions within 3 days of Acquirer start date (more info at later date)

Returning completed benefits and employment documents

• ALL benefit and employment forms (except I-9) are to be completed and returned (as provided in package) NO LATER than 14 days before commencement of services (i.e. cutover date).

Acquirer provides up to 2 weeks of vacation and 7 paid holidays for Exempt and Office Hourly employees

• Employees will receive a positive cash adjustment to wages equal to the value of their current vacation and holiday benefits based on their job classification

For Field Hourly employees, Acquirer does not provide vacation and holiday benefits

• Employees will receive a positive salary adjustment to compensate for their current vacation and holiday benefits

In no case will employees that choose to accept the Acquirer’s offer receive lower cash base salary than what is currently being paid

Original Compensation

$50,000 annual salary plus 4 weeks of annual vacation and 10 holidays

New Compensation

¹ – Based on 260 possible workdays per year. Originally 4 weeks of vacation, now 2 weeks, net loss of 2 weeks (i.e., 10 days). Therefore (10/260) * $50,000 equates to $1,923. Originally 10 paid holidays, now 7, net loss of 3 holidays. Therefore (3/260) * $50,000 equates to $577.

Original Compensation

$20.00/hour plus 4 weeks of vacation and 10 holidays

New Compensation

¹ – Based on 260 possible workdays per year. Originally 4 weeks of vacation, now 2 weeks, net loss of 2 weeks (i.e., 10 days). Therefore (10/260) * $20.00 equates to $0.77. Originally 10 paid holidays, now 7, net loss of 3 holidays. Therefore (3/260) * $20.00 equates to $0.23.

Original Compensation

$20.00/hour plus 4 weeks of vacation and 10 holidays

New Compensation

¹ – Based on 260 possible workdays per year. Originally 4 weeks of vacation, now 0 weeks, net loss of 4 weeks (i.e., 20 days). Therefore (20/260) * $20.00 equates to $1.54. Originally 10 paid holidays, now 0, net loss of 10 holidays. Thus (10/260) * $20.00 equates to $0.77.

Health & Welfare

• Medical Plan¹
• Dental¹
• Vision Discounts
• Life Insurance
• Dependent Life²
• STD²
• LTD²
• AD&D

Compensation & Retirement Benefits

• Cancer Assistance²
• Tuition Reimbursement
• Employee Assistance (EAP)

Other Benefits

• Incentive Compensation
• 401(k) Program
• Bonus Program
• Retention Bonus