Employee Benefits Summary For Eligible Employees – UK
Employee Benefits Summary For Eligible Employees – The following benefits are available to TIBCO employees with a UK hiring Company, subject to the written agreement of "standard employment terms and conditions" available from the EMEA Human Resources Department.
Health Benefits
- Private Medical Insurance: Insured Group benefit that provides access to the private healthcare sector. TIBCO funds the monthly premium on behalf of employees and provides the option to add a partner and/or dependant children at group rate via monthly payroll deduction.
- Dental Insurance Program: TIBCO operates a Group Dental Insurance program and offers specially negotiated rates available to TIBCO employees and their partners via monthly payroll deduction.
- Group Life Assurance: Insurance funded by TIBCO that provides insured cover to provide a lump sum of 4 x basic annual salary (subject to Inland Revenue limits) in the event of death.
- 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 Personal Pension Plan: TIBCO contributes a sum equivalent to 7.5% of an eligible employee's basic monthly salary into a designated Group Personal Pension Plan, subject to an employee contribution of at least 3%.
- Group Income Protection Scheme: Insurance that provides 75% of base salary in the event of long-term sickness and disability (26 week qualifying period).
- Employee Referral Program: Financial incentive for the recommendation and subsequent hiring of a new recruit.
- Rail Season Ticket Loan: Interest-free loan for employees to purchase an annual rail season ticket.
- 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: 25 days paid leave per annum pro-rata.
- Public Holidays: TIBCO recognises the officially published UK public holidays.
- Sick Leave: Discretionary sick pay for first 26 weeks of absence
- Enhanced Maternity & Adoption Leave: In addition to statutory maternity pay and leave entitlement, including time off for antenatal care, TIBCO offers an enhanced maternity package that provides a "top-up" to SMP to full pay for the first 16 weeks of Maternity or Adoption leave. Service conditions apply.
- Enhanced Paternity Leave: In addition to statutory paternity pay and leave entitlement, TIBCO offers and enhanced paternity package that provides a "top-up" to SPP to full pay for the first week of Paternity leave. Service conditions apply.
- Parental Leave: Statutory Leave 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.
Additional Role-Specific Benefits (Confirmed individually in writing)
- Mobile Telephone: Company-provided cellular phone available to mobile staff.
- Unapproved Life Cover: Life Assurance Top Up Cover available to employees where the Inland Revenue earnings cap restricts the level of benefit.
- 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.
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.
