Benefits

"We are in a stage of development where timing is very critical. The tremendous effort displayed by ABC staff over the past week (and weekend) has allowed our company to accelerate our decision-making process. It is this level of dedication that will keep us coming back over and over."

Tom Wilson, Senior Director of QA/QC
Orexigen Therapeutics, Inc.
(with permission)

Benefits of Employment

As an ABC Laboratories employee, your total compensation includes much more than a paycheck! ABC offers a solid package of benefits, a supportive work environment and the pleasure of working with great people!

Medical Insurance
Dental Insurance
Vision Insurance
Health Care Reimbursement Account
Dependent Care Reimbursement Account
401(k) Retirement Plan and Matching Plan
Basic Life Insurance
Accidental Death and Dismemberment Insurance
Supplemental Life Insurance
Long Term Disability
Vacation Time
Sick Leave
Personal Day
Bereavement Leave
Jury Duty Pay
Annual Blood Screening
Bonus/Incentive Program
Direct Deposit
Employee Assistance Program
Fitness Facilities
Tuition Reimbursement
Free Parking
Lab Coats & Safety Goggles

...and the pleasure of working with great people!

Benefits	Eligibility	Who Pays	What you Receive
Medical Insurance	Full time and Part time regular employees, immediately	ABC and Employee	Choice of group insurance plans available for employee and/or family. Employees contribute a portion of premiums. A comprehensive prescription drug plan is included.
Dental Insurance	Full time and Part time regular employees, immediately	ABC and Employee	Group insurance plan available for employee and/or family. Employees contribute a portion of premiums.
Vision Insurance	Full time and Part time regular employees, immediately	Employee	Group insurance plan available for employee and/or family.
Health Care Reimbursement Account	Full time and Part time regular employees, immediately	Employee	Options to pay certain health, dental and/or vision expenses with “before” tax dollars and reduce your federal, state and Social Security taxes in the process.
Dependent Day Care Reimbursement Account	Full time and Part time regular employees, immediately	Employee	Options to pay dependent day care expenses with “before” tax dollars and reduce your federal, state and Social Security taxes in the process.
401(k) Retirement Program	All regular and temporary employees	Employee	A tax deferred 401(k) plan. You may elect to contribute up to the IRS limits to the plan on a pretax basis.
Matching Program with 401(k) Plan	All regular and temporary employees	ABC	Will match 50% of your eligible contributions
Basic Life Insurance	Full time regular employees, immediately	ABC	One times the employee’s base annual salary.
Accidental Death and Dismemberment	Full time regular employees, immediately	ABC	One times the employee’s base annual salary in the event of the employee’s accidental death.
Supplemental Life Insurance	Full time regular employees, immediately	Employee	Benefit options from $10,000 to $500,000 for employee coverage. Spousal coverage at ½ of employee coverage. Child(ren) coverage at $10,000.
Long Term Disability	Full time regular employees, immediately	ABC	Monthly benefit for employees who become totally disabled from work for more than 60 days by accidental bodily injury, sickness or pregnancy up to 60% of annual salary
Vacation Time	Full time regular employees, immediately	ABC	Accrual starts on the 1st day of employment and you accrue 10 days in the first year. Staff accrues 15 days after 5 years, 20 days after 10 years and 25 days after 20 years of service. Maximum accrual is equal to your annual accrual plus 5 days.
Sick Leave	Full time regular employees, immediately	ABC	Accrual starts on the 1st day of employment and you accrue 1 day per month. Maximum accrual is 42 days.
Holidays	Full time and part time regular employees immediately	ABC	ABC observes 9 paid holidays per year.
Personal Day	Full time regular employees, immediately	ABC	ABC provides you with one day to take care of personal business or to add to your vacation on your anniversary each year.
Annual Blood Screening	All regular employees	ABC	Provides information about potential health risks in addition to continuing medical surveillance for your personal safety.
Bereavement Leave	Full time regular employees, immediately	ABC	Provides for 3 regularly scheduled work days missed due to the death of an immediate family member.
Bonus/Incentive Program	All regular employees	ABC	A percentage of after tax points is divided equally amount participants in the general staff program and paid in cash following publication of the company financial results. If determined by the board.
Career Development	All employees, immediately	ABC	Learning opportunities offered to enhance both professional and personal growth.
Direct Deposit	All employees, immediately	Employee	Payroll wages are directly deposited to a designated bank or credit union.
Employee Assistance Program	All Employees, immediately	ABC	Confidential short term counseling and referral service for problems at home or work for employee and/or immediate family.
Fitness Facilities	All employees immediately	Employee	Corporate membership discount at Wilson’s Total Fitness. Discounted membership at Curves.
Jury Duty	Full time regular employees, immediately	ABC	ABC pays your regular pay for scheduled work missed due to jury duty or witness time.
Lab Coats and Safety Glasses	All Employees	ABC	ABC provides lab coats and safety glasses to all staff. Free laundry service available for lab coats.
Parking	All Employees, immediately	ABC	Free parking available.
Tuition Reimbursement	Full time regular employees after 1 year of service	ABC	Reimbursement must be preapproved by ABC. Expenses are reimbursed at 50% for individual courses directly related to your work and required textbooks.

Pre-tax deductions are available on some employee benefits. Temporary and part-time employees should review employment guidelines for variations in covered benefits. This is for illustrative purposes and to provide a brief outline of our benefits. Summary Plan and benefit booklets will prevail.

12/5/2007