The following benefit programs are available to full time permanent employees.
Benefits as a part of the offer
Provident Fund: EMULEX will contribute to the Provident fund, according to the rules and regulations as stipulated by the Government of India.
Other Benefits: (Benefits are over and above CTC)
Medical/Health Insurance
Maternity Benefit
MATERNITY HEALTH COVER means treatment taken in the Hospital arising from or traceable to Pregnancy, Childbirth including normal delivery/caesarian section. Special conditions apply
Life Insurance
It is the Company’s policy to protect its employees against disasters caused by disability or death. Consequently, the following insurance covers are provided at no cost to employees. - Covers natural death, pre-existing diseased death, accidental death and suicidal death.
- Every employee has been covered for three times their annual CTC
- Additional Cover for- Double Accident Benefit: double sum assured in case of accidental death and Permanent Total Disability: Full sum assured in case of total disability.
- Pre-enrollment medical Check-up is required for every employee whose sum assured crossed free limit of Rupees 550,000/-.
Computer /Laptop Purchase Policy (As per Policy)
Company gives interest free loan to buy Standard PC/Laptop. All full time employees who have completed one month of continuous service in the organization are eligible. Company will grant loan up to 90% of the invoice amount with maximum INR 2 Lac.
Loan for Further Studies: (As per Policy)
Emulex gives interest free loan up to INR 200,000 under Education Assistance Program. It provides for 100% reimbursement of the costs to a maximum of INR 200,000 for the entire course in a calendar year provided the employee completes the course with Grade “C” or better.
The amount includes the following:- Tuition fee
- Standard required fees (lab)
- Required textbooks for each course
Stock Grants
All full time employees are eligible for stock options/grants.
Employee Stock Purchase Plan (ESPP)
All employees with over 90 days of continuous service have the opportunity to participate in the Employee Stock Purchase Plan. Detailed information outlining employee eligibility and plan guidelines are distributed to all employees twice per calendar year.
Vacation (Annual leave)
The company provides to each employee 21 paid working days per year vacation credit. Employees are encouraged to take all vacation credits of the current vacation year to be taken during that year.
Other Leaves
In addition to those holidays all employees are entitled to the following paid absence: - Earned Leave 21 days
- Sick Leave 5 days
- Maternity Leave 12 weeks (for women employees only)
- Paternity Leave 5 days
- Bereavement 3 days
Social Security
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Emulex will make the necessary contributions for statutory benefit programs (including health, pension, etc)
| - Employees between the ages of 20 and 60
| - Eligible on date of hire.
| |
Statutory Leave
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Emulex will comply with all statutory leave requirements.
| - Under the Labour Law 10 days of paid annual leave are required for all employees with six months of completed service and at least an 80% attendance rate.
| - Upon required amount of completed service
| |
Medical
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
| - All regular status employees working 30+ hours per week
- Spouse and dependent child(ren) of eligible employee
| - Eligible on date of hire.
- Coverage to take effect once medical underwriting is completed and insurance company approves benefits.
| - Shared cost between employer and employee
|
Life Insurance
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Emulex will endeavor to provide eligible full-time employees with Term Life or Whole Life insurance coverage up to two- times basic annual earnings.
- Since medical underwriting is required, actual benefits will depend on the employee’s medical history.
- Coverage will provide for a Death and Total Disability benefit.
| - All regular status employees working 30+ hours per week
| - Eligible on date of hire.
| |
Holidays
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- National holidays pursuant to the Law Relating to National Holidays; and New Year’s Holidays in December and January as determined by the Company
| - All regular status employees working 30+ hours per week
| - Eligible on date of hire.
| |
Employee Stock Purchase Plan
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Provides employees the opportunity to acquire shares of Emulex Common Stock at a discounted price
| - Must be an active employee for 90 days at the start of an Option Period
| | |
Medical
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Inpatient coverage includes hospital and surgical insurance. The daily room and board (R&B) reimbursement is up to TWD 3,000. This coverage is extended to dependents, the cost of which is covered by the company.
| - Must be an active full-time employee
| - Eligible on date of hire.
| - Shared cost between employer and employee.
|
Retirement
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Defined contribution plan under Labor Pension Act with mandatory employer contributions at 6% of monthly wage defined by the legislation. The monthly salary ceiling is TWD 150,000. Employees can voluntarily contribute up to 6% of monthly wage.
| - Must be an active full-time employee
| - Eligible on date of hire.
| - Shared cost between employer and employee.
|
Life/AD&D Insurance
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
Life: 2 times annual base salary
Accidental Death and Dismemberment (AD&D): An additional benefit of 2 times annual base salary - Accidental Medical Reimbursement (AMR): Maximum limit per disability of TWD 30,000
| - Must be an active full-time employee
| - Eligible on date of hire.
| - Shared cost between employer and employee.
|
Employee Stock Purchase Plan
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- Provides employees the opportunity to acquire shares of Emulex Common Stock at a discounted price
| - Must be an active employee for 90 days at the start of an Option Period
| | |
Holidays
| Description | Eligibility | Eligible Date | Employee Contribution |
|---|
- All national holidays as gazetted by the government.
| - Must be an active full-time employee
| | |
