Employee Benefits Summary For Eligible Employees – Sweden
The following benefits are available to TIBCO employees with a Swedish hiring Company, subject to the written agreement of "standard employment terms and conditions" available from the EMEA Human Resources Department.
Health Benefits
- Annual Health Check: TIBCO will reimburse one annual health check per annum through a designated health provider.
- Fitness Subsidy: TIBCO contributes 250 SEK per month towards the cost of health club membership, which may be expensed on a bi-annual basis against receipt.
- 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
- Group Pension Plan : TIBCO contributes 10% of eligible employee's basic monthly salary to a designated pension scheme. The scheme provides a disability, retirement and life assurance cover depending on the options selected upon setting up the scheme.
- Group Life Assurance: A combination of TGL and cover provided through the Group Pension aims to provide the following benefit: Lump sum payment of 6x basic amount in the event of death, plus a sum equal to 2x basic amount for each dependant child under the age of 17.
- Employee Referral Program: Financial incentive for the 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: 30 days paid leave per annum pro-rata.
- Public Holidays: TIBCO recognises the officially published public holidays in Sweden.
- Sick Leave: Statutory sick pay
- Parental Leave Benefits: In addition to statutory leave entitlement, TIBCO offers an enhanced parental leave package that provides a "top-up" to statutory pay to 100% of base salary for the first 60 days of leave.
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.
Additional Role-Specific Benefits (Confirmed individually in writing)
- Company Bonus Plan: Discretionary performance-related cash bonus awarded annually.
- 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.
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.
