Bunting Magnetics

2012 EMPLOYEE BENEFIT SUMMARY

(Full Time – Salaried Exempt Employment)

PAID HOLIDAYS (9)

• New Year’s Day
• Day After New Year’s
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Day After Thanksgiving
• Christmas Eve
• Christmas Day

VACATION

• Two weeks paid vacation after one-year service
• Three weeks paid vacation after ten years service
• Four weeks paid vacation after fifteen years service

NON-WORK BENEFITS

• All incidental absences paid
• Significant illness compensation capped at level of vacation hours earned annually

HEALTH INSURANCE PROGRAM (at optional cost)

Preferred Health Systems Medical Insurance (Coventry) *We offer a POS (Ks residents only) and two PPO single, employee + child, employee + spouse or family plans

Dental Dental Coverage

• Included with Health Insurance but available separately) with 100% paid on preventive dental work
• 80% paid for basic work and 50% paid on major work ($50 deductible for two persons in the family)
• Enrollment begins the 1st of the month following 30 days of employment.

OTHER INSURANCE PROGRAMS (eligibility first of the month following employment)

• Short Term and Long Term Disability Benefits paid by the company (11 weeks of Short Term and up to age 65 for Long Term Disability Benefits).
• Base Life Insurance policy (benefit equal to employee’s annual salary) paid by the company; additional life insurance available at group rates.

401(k) PLAN (eligibility 6 months service)

• Employees may contribute between 2% and 60% of their pre-tax dollars to a pre-determined annual maximum.

• FLEX-PLAN Medical Program allows you to pay, with pre-tax dollars, for medical/dental/child care/ dependent care expenses that are not reimbursable. Flex-Direct card and 5-day turnaround provides for quick reimbursement. Eligibility is same as medical and dental insurance.

WALTER F. BUNTING and JUNE A. BUNTING SCHOLARSHIPS

• Scholarship competition for employee’s college-age children, both for university and vocational training.

Note: Benefits may change at any time without prior written notice.