Employee Benefits Summary For Eligible Employees – The Netherlands
The following benefits are available to TIBCO employees with a Dutch hiring Company, subject to the written agreement of "standard employment terms and conditions" available from the EMEA Human Resources Department.
Health Benefits
- Medical Insurance Reimbursement: TIBCO pays the mandatory amount towards the health insurance. For insurance costs exceeding the mandatory amount TIBCO contributes as well 50% of the amount exceeding.
- 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
- Retirement Pension: TIBCO makes a contribution to a designated defined contribution retirement plan.
- Survivor's Pension: In the event of death, the survivors' pension provides regular payments to the employees surviving spouse + children. The amount of benefit payable varies based on salary and age.
- Disability Pension: Provides a pension in the event of occupational disability in addition to the protection that is afforded through state-provided benefits.
- Employee Referral Program: Financial incentive for recommendation and subsequent hiring of a new recruit.
- 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: 27 days paid leave per annum pro-rata.
- Public Holidays: TIBCO recognises the officially published public holidays in The Netherlands.
- Sick Leave: Statutory sick pay.
- Maternity & Paternity Leave: Statutory pay and leave entitlement including time off for antenatal care.
- Parental Leave: Statutory entitlement.
- Emergency Leave: Paid leave in the event of TIBCO offices having to close due to an emergency.
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.
- Childcare Subsidy: A tax-efficient financial contribution towards the cost of childcare within the scope of the Dutch Childcare Act. Contribution is 1/6th of the total actual costs of childcare subject to certain maxims.
Additional Role-Specific Benefits
- 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 financial bonus awarded annually.
- Passport & Visa Renewal Fees: Reimbursement of passport and / or visa renewal fees.
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.
