Company Benefit Overview for Job Applicants

Thank you for your interest in Shindaiwa, Inc.! We appreciate your taking time to interview with us. Following is information regarding employment at our company and some details of our benefits package.

• Payroll checks are issued two times per month, on the 15th and the last day of the month. Employees may have their checks electronically deposited if desired.
• Employees are eligible for enrollment in benefit plans on the first of the month following the date of hire. Our benefits package includes:
• HealthNet Health Plan of Oregon medical coverage. MetLife or Willamette Dental, dental coverage. . The company pays 100% of the cost of insuring the employee for PPO coverage and the majority of the cost of insuring the employee for HMO coverage; company pays 25% of dependent premiums. Our 125 Cafeteria Plan allows monthly premium fees, as well as estimated out-of-pocket medical expenses and dependent daycare, to be deducted as pre-tax dollars.
• Disability and Life Insurance. . The company pays for short and long-term disability insurance, which ensures continuing salary payments of 60% of base salary. A life insurance policy of one times base annual salary, up to $50,000, is also provided at no cost to the employee.
• Holidays observed are Memorial Day, Independence Day, Labor Day, Thanksgiving and the Friday after, and a year-end Holiday break from December 24 through January 1. Employees are eligible for holiday pay after 30 calendar days of employment.
• Employees are eligible for Vacation determined by length of service: 2 weeks after one full year (1 week may be taken after 6 months), and 3 weeks after 5 full years. Additional days are added after 15 full years.
• Shindaiwa shares its financial gains resulting from sales and profit growth by offering all employees an attractive Incentive Compensation Plan Our Staff, Senior Manager and Sales Plans are based on the financial performance of the company as well as the meeting of individual performance objectives.
• A Shared Retirement Savings Plan, i.e. 401(k),,is available to all employees after completing six months of service. Employees may contribute up to $15,500 annually of their compensation to the Plan. The company may make a matching contribution equal to a uniform percentage of your salary deferrals (not to exceed 6%) of your compensation. The determination of a match and the percentage amount is determined each year, and is at management’s discretion.

Again, thank you for your interest in our company and for participating in our interview process.

This is summary information only. Details can be found in the appropriate plan document. Shindaiwa, Inc. reserves the right to modify its plans at any time. The benefits outlined above do not form the basis of an employment contract.