Employee Benefits Summary For Eligible Employees – Italy
The following benefits are available to TIBCO employees with an Italy hiring Company, subject to the written agreement of "standard employment terms and conditions" available from the EMEA Human Resources Department.
Health Benefits
- Medical Insurance: TIBCO funds the cost of supplementary medical insurance for all employees. The plan is specifically designed for the Italian market and complements any mandatory cover that TIBCO employees may have (i.e. FASDAC and QUASS); TIBCO contribute € 300 towards the cost of dependents cover.
- Eye Sight Test Reimbursement: Annual reimbursement of sight tests in accordance with Health & Safety (Display Screen Equipment) Regulations.
- Business Travel Insurance: Access to emergency medical treatment to employees travelling at TIBCO's request. It also offers additional insurance cover associated with business travel.
Financial Benefits
- Luncheon Vouchers: Luncheon Vouchers of € 5.29 per working day subject to tax authority fiscal limits
- Salary Advance: New employees of TIBCO may request a salary advance of up to 50% of their monthly base salary during the first month of employment (to be repaid over a period of three months).
Leave Benefits
- Annual Leave: Statutory entitlement.
- Public Holidays: TIBCO recognises the officially published Italy public holidays.
- Sick Leave: Statutory sick pay
- Maternity & Paternity Leave: Statutory pay and leave entitlement including time off for antenatal care.
- Parental Leave: Statutory entitlement.
Other TIBCO Benefits
- Professional Subscriptions: Reimbursement of subscription charges to job-related professional affiliations.
- Education Assistance: Financial assistance towards tuition fees and associated costs upon the successful completion of a job-related course and/ or achievement of a professional qualification. (Subject to management approval).
- Core Values Award: A reward and recognition program whereby employees may be nominated for an award of $1,000 and a core values certificate.
- Patent Incentive Program: Cash bonus compensation upon the issuance of a patent.
- Passport & Visa Renewal Fees: Reimbursement of passport and / or visa renewal fees.
- Employee Referral Program: Financial incentive for the recommendation and subsequent hiring of a new recruit.
Additional Role-Specific Benefits (Confirmed individually in writing)
- Mobile Telephone: Company-provided cellular phone available to mobile staff.
- Company Car Allowance: Discretionary cash allowance in lieu of a company car is awarded to eligible staff.
- Employee Stock Option Plan: Certain new employees of TIBCO receive stock option grants, which vest over a four-year period.
- Company Bonus Plan: Discretionary performance-related cash bonus awarded annually.
- Dirigenti Accident Insurance: Accident Insurance for Executives.
The terms and conditions of any of these benefits may be amended or withdrawn in whole or in part from time to time. All benefits are subject to the rules of the scheme and local taxation regulations and limits presently in force, unless otherwise stated.
