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PAGE 1 Pilot Corporation of America prides itself on being a leading manufacturer and marketer of quality writing instruments in the United States. Our spirit of innovation has always focused on serving consumer’s writing needs and making writing a pleasure. BENEFIT ELIGIBILITY We offer a comprehensive benefits package to all full-time employees. Most benefits are effective 30 days following date of employment. MEDICAL INSURANCE A POS Plan providing benefits on both an in and out-of-network basis, is available through United Healthcare. The Company pays the majority of the premium. The employee pre-tax bi-weekly cost is shown below: Employee Contribution Employee Single Employee & Child Employee & Spouse Family $70.00 $141.90 $157.58 $252.44 DENTAL INSURANCE Our Dental PPO Plan provides 80% of minor and 60% reimbursement of major expenses and is available through CIGNA. The employee pre-tax bi-weekly cost for this plan is: Employee Single Employee Contribution Employee & Child $4.94 Employee & Spouse Family $9.88 $14.32 $8.86 VISION INSURANCE Our Vision Plan provides reimbursement of eyeglass and contact lense expenses and is available through Advantica. The employee pre-tax bi-weekly cost for this plan is: Employee Contribution Employee Single Employee Plus One Family $2.67 $5.35 $8.94 GROUP LIFE INSURANCE If you die while insured for this benefit, your beneficiary will receive an amount equal to 2x your annual base pay rounded up to the next thousand. The maximum benefit is $500,000. The company pays 100% of the cost for this benefit. S U P P L E M E N T A L L I F E I N S. This plan provides a benefit in addition to the company paid life insurance and may be purchased in increments of 1, 2, 3 or 4 times your base salary. The maximum insurance available is $500,000. Premiums for this program are based on age, salary, and the increment of insurance selected. PAGE 2 ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE If your death is the result of an accident, in addition to the company paid life insurance benefit, your beneficiary will receive an amount equal to 2x your annual base pay rounded up to the next thousand. The maximum benefit is $500,000. For accidental dismemberment a reimbursement schedule of benefits applies. The company pays 100% of the cost for this benefit. SHORT-TERM DISABILITY INSURANCE After 7 calendar days of illness, this insurance provides a benefit equal to 60% of your weekly earnings if you become wholly and continuously disabled from an accident or illness unrelated to employment. The maximum benefit is $900 per week, and the maximum benefit period is 26 weeks. The bi-weekly after-tax premium for this is $.30 per $10 of coverage. FLEXIBLE SPENDING ACCOUNT Flexible spending accounts for non-reimbursed health care and/or dependent day care Expenses are available. Contributions to these accounts are pre-tax. The minimum and maximum contributions are noted below. Account Type Health Care Account Dependent Care Account Minimum Annual Contribution Maximum Annual Contribution $100 $100 $1,000 $5,000 4 0 1 (k) P L A N The Company provides a 3% bi-weekly 401(k) contribution beginning on the first day of the calendar quarter, following date of hire. Contributions are immediately 100% vested. Additionally, the 401(k) Plan is available for employee pre-tax contributions of up to 60% within IRS limits. VACATION New employees accrue vacation during their first year depending on their date of hire. Employees hired between January 1st and March 31st are eligible for one week of paid vacation. Employees hired between April 1st and December 31st are not entitled to any vacation for the calendar year in which they are hired. Thereafter, entitlement is as follows: Completed Years of Service ½ year or less Over ½ yr. but less than 4 ½ yrs. Over 4 ½ yrs. but less than 9 ½ yrs. Over 9 ½ yrs. Paid Vacation 1 week 2 weeks 3 weeks 4 weeks Under certain situations, such as business necessity, employees may be unable to use all of their vacation within the calendar year. Accordingly, a maximum of two weeks of vacation time may be carried the following year. Carried over vacation not used by April 30 of the following year will be forfeited. PAGE 3 PAID HOLIDAYS The Company observes 11 paid holidays throughout the calendar year. EDUCATIONAL ASSISTANCE Employees are eligible for tuition assistance after six months of employment for company related certificate programs, undergraduate and graduate courses. Eligible employees are reimbursed 100% of tuition costs and registration fees upon receipt of a "pass" mark or better. The annual maximum is $3,000. WORKING HOURS Working hours depend on department and are Monday through Friday, either 7:30 a.m. to 3:30 p.m. Second shift hours are Monday through Friday, 3:30 p.m. to 11:30 p.m.