2019 BENEFITS SUMMARY

Paid Time Off (PTO)

PTO allows you to schedule time for vacation, personal time, unplanned absences, appointments, and illnesses. PTO accrues per pay
period according to the schedule below. Unused PTO rolls over to the next year, limited by a maximum cap of 480 hours.

Years of service Annual hours earned Bi-weekly hours accrued Maximum PTO Bank Balance
0-2 100 3.84 480
3 120 4.61 480
5 140 5.38 480
10 160 6.15 480
15 180 6.92 480
20 200 7.69 480
25 220 8.46 480
30 240 9.23 480

Health Plan Options and Blue Access Iowa Alliance Select Blue Access Iowa Alliance Select
Team Member Rates1) Only HMO Nationwide PPO Only HDHP Nationwide HDHP
Single $69.03 $90.82 $54.28 $57.49
Team Member + Child $112.13 $151.10 $78.75 $83.85
Team Member + Children $164.54 $218.86 $117.47 $125.57
Team Member + Spouse $153.82 $200.82 $111.49 $117.95
Family $204.44 $268.72 $149.56 $158.93
Team Members and Spouses cov ered under a Vermeer Health Plan are each eligible to earn up to $400 in annual Wellness Incentiv es ($800 max ).
Incentiv es are applied as credits that reduce Team Member premiums.

Team Member Dental Plan Rates1)

Single $6.62 Team Member + Spouse $12.83
Team Member + Child $12.83 Family $20.98
Team Member + Children $20.98
1) Rates listed are per pay period (biw eekly ) and are deducted from only 24 of 26 annual pay periods

Health Savings Account (HSA) With Match

You must be covered by a High Deductible Health Plan (HDHP) to contribute to an HSA. Vermeer will make an initial contribution to
your account and match your contributions according to the schedule below.

Initial deposit to your account by Vermeer Vermeer maximum match of your contributions
Single: $100 Single: $250
Team member + spouse or child: $150 Team member + spouse or child: $350
Family: $250 Family: $500

Vermeer Corporation 401(k) Retirement Plan

Vermeer will match 50% of your contributions up to the first 6% of your compensation. Vermeer allows both 401(k) and Roth 401(k)
contributions to the plan. Vermeer matching contributions will vest according to the schedule below.

Years of service Vested Percentage

< 2 years 0%
2 years 25%
3 years 50%
4 years 75%
5 years 100%