U.S. Benefits Overview

• Health Management Organization (HMO)
  Provides 100% reimbursement after satisfying a $15 per visit co-pay on most out patient services. All services must be provided by network facilities/physicians.

• Preferred Provider Organizations (PPO)
  Provides in and out of network flexibility without referral. In network benefits are covered at 90%, out of network at 70%, until a specific out of pocket maximum is attained. Once the out of pocket maximum is attained, 100% of eligible expenses will be paid for the remainder of the calendar year. Annual deductibles will apply to out of network benefits.

• Dental Plan
  Offered separately from the medical plans and has no network requirement. Preventative maintenance is covered at 100%; routine maintenance is covered at 80% and major restorative is covered at 60%. A $50 deductible per person per year ($150 per family) applies for routine and restorative coverage.

• Vision Plan
  A voluntary vision plan is available to you through Davis Vision.

• Basic Life Insurance
  Basic Life Insurance is provided to you at no cost. Coverage is in the amount of two times base salary, three times base salary for sales representatives rounded up to the nearest thousand.
  
  *Coverage amounts greater than $50,000 are taxed as required by the IRS.

• Supplemental Life Insurance
  Supplemental Life Insurance can be purchased through payroll deduction. We offer additional life insurance for yourself, spouse, and children.

• Travel Accident Insurance
  Travel accident insurance is offered to you at no cost. Provides you with $500,000 of coverage for accidental death or dismemberment while traveling on company business.

• Short-Term Disability
  Short-Term Disability benefits are provided to you at no cost.

• Long-Term Disability
  The Long-Term Disability Plan provides for payment of 60% of regular monthly compensation, up to $10,000 per month, beginning after 90 days/three months of disability and continuing until no longer disabled, or to age 65.

• Dependent Care Account
  This program provides a method for paying for the care of eligible dependents using pre-tax dollars. You can elect up to $5,000 per calendar year ($2,500 if married, filing on separate tax return) to be deducted from pre-tax earnings to pay for these expenses.

• Health Care Reimbursement Account
  This program allows you to pay for out of pocket health care expenses on a pre-tax basis. You may elect up to $3,000 annually.

This program is a tax-deferred retirement plan that provides the opportunity to save money before federal and state taxes are withheld from your paycheck. As a participant, you will enjoy matching contributions from Haemonetics in which you will be immediately 100% vested. Haemonetics contributes a dollar for every dollar saved by you, to a maximum of 6% annual compensation (capped at the Highly Compensated Employee compensation limit in effect for the current Plan year). Additionally, the plan provides diverse investment options and a self-directed brokerage account.

The ESPP gives you the opportunity to purchase stock in Haemonetics through bi-weekly payroll deductions. At the beginning of each Purchase Period (November 1st and May 1st), you may elect to have between 2%-15% of your after-tax pay set aside for the purchase of stock at the end of the six-month Purchase Period. When the stock is purchased, you pay only 85% of the lower listed price at the beginning or end of the six-month Purchase Period.

We encourage employees to pursue personal and professional growth through continuing education. The tuition reimbursement program for pre-approved job or degree-related course work provides 90% reimbursement of costs incurred for tuition, lab fees, registration, and course materials. To qualify, a minimum grade of “C” is required for undergraduate courses and a grade of “B” for graduate courses. A maximum of $5,250 per calendar year will be reimbursed.

*Tuition reimbursement may be considered taxable income in certain circumstances.

• Paid Holidays
  Haemonetics offers 11 paid holidays per calendar year

• Vacation
  Haemonetics offers 15 paid vacation days per calendar year to start, which accrue monthly. Vacation accrual begins on the first day of employment.

The Kids’ Space is a state-of-the-art childcare facility located at 355 Wood Road, next door to our corporate headquarters in Braintree. The child care center is staffed by a team of highly qualified early childhood educators who are responsive and sensitive to the daily program with planned and spontaneous activities in a warm, nurturing environment. The center provides full-time or emergency care from 6 a.m. to 6 p.m., plus school age vacation and summer camp.

• Employee Assistance Program
  The Wellness Corporation provides up to 5 confidential counseling sessions for family, marriage, or mental health issues at no cost to you.

• Referral Bonus Program
  The referral bonus program will pay active Haemonetics employees for referring an individual for a position within Haemonetics. The individual must be hired by Haemonetics and satisfy the three-month probationary period. For non-exempt hires, the referral bonus is $150. For exempt hires the referral bonus is $1500. The referring employee must be an active employee at the time the probationary period is completed.
  
  *Referral payments are considered to be taxable compensation and are reported to the IRS.

• Service Awards
  We value the contribution of employees who provide especially long service. In recognition, service awards are presented annually to those who have completed 5, 10, 15, 20, 25, and 30 years of service with the company.

• Wellness Program
  We will subsidize $100 towards an annual membership to any athletic facility or towards the purchase of exercise equipment (certain equipment only).
  
  *Wellness payments may be considered taxable compensation.