| MEDICAL |
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Cell Genesys offers three different medical
plans to eligible employees and their eligible dependents. Blue Cross PPO, Blue Cross HMO and Kaiser. All medical plans include prescription drug benefits. Employee
contributions are pre-tax. |
DENTAL |
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Cell Genesys offers a comprehensive dental plan that includes orthodontia
coverage for eligible dependent children. |
VISION |
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The company provides vision coverage to eligible employees and their dependents
to receive an eye examination, lenses and/or frames once every 12 months
with a $10 co-pay. This plan is insured by Vision Service Plan. |
LIFE & ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE |
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These plans are insured by Hartford Life Insurance and provide eligible employees
with Life & AD&D insurance equaling 2 times their annual salary.
Cell Genesys pays 100% of the premium cost for both plans. |
TRAVEL ACCIDENT INSURANCE |
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Cell Genesys provides travel accident insurance coverage in the amount of
$250,000 at no cost to employees. |
SHORT-TERM DISABILITY |
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In conjunction with California State Disability Insurance (SDI), Hartford Insurance
will pay 66 2/3% of an employee's monthly salary for up to 12 weeks for
a physician-certified disability, up to a weekly maximum of $4,040. |
LONG TERM DISABILITY |
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For eligible employees disabled for longer than 12 weeks, the company provides
66 2/3% of monthly salary up to $15,000. This coverage is provided at no
cost to employees and administered by Hartford Insurance. |
401(k) PLAN |
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Charles Schwab 401(k) plan. Employees may contribute up to 20% of cash compensation
(pre-tax) to the 401(k) plan, not to exceed the maximum IRS annual limit. The company provides a 401(k) match of 100% for the first $3000.
New employees are fully vested after three years of service time. Additionally,
the company allows an "over age 50" catch-up contribution of up
to 20% of cash compensation not to exceed the IRS annual limit.
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EMPLOYEE STOCK PURCHASE PLAN |
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Employees may contribute up to 10% of base salary (after-tax) for purchase
of Cell Genesys stock at 85% of the fair market value on the first day of
the offering period or last day of the purchase period, whichever is lower.
|
STOCK OPTION PLAN |
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Cell Genesys has a stock option program. The granting of options to eligible
employees is subject to program guidelines and approval by the Board of
Directors. |
FLEXIBLE SPENDING PLAN |
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Cell Genesys offers health care and dependent care reimbursement accounts
to eligible employees. This plan allows deferral of pre-tax money to cover
medical expenses not covered by insurance to a maximum of $2,500 per year,
and dependent care expenses up to $5,000 per year. |
EMPLOYEE ASSISTANCE PROGRAM |
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This program is a confidential counseling and referral service that utilizes
a network of licensed practitioners and other trained professionals. Employees
and family members may use up to five counseling or consultation sessions
per incident each year. |
* All insurance
is effective the first day of employment. |
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