2017 GE APPLIANCES APPLIANCE PARK CONTRACT SUMMARY GE Appliances (GEA) has reached a tentative agreement withthe IUE-CWA Local 83761, offering 2 strong pay and benefits package, while improving our competitive position in @ challenging global poltance industry. The following information provides a summary of the key elements ‘of the proposed four-year agreement, which Is subject to member ratification IMPROVED COMPENSATION ano BASE WAGES ROAD cto net ects GE APPLIANCES OFFERS COMPENSATION ABOVE INDUSTRY AVERAGE. VOTE TO ACCEPT THIS CONTRACT RESULTS IN THE FOLLOWING PAYMENTS: penance Peery $1,500 Accelerated $1,500 Accelerated $2 500 Cash Payment Cash Payment 3 For employes hres 38 For employees hed aeciic een Now-compettie Woge Noncompetitive Wage *Paid January 27, 2017, $0.30 General $0.30 General Wage increase Wage Increase ‘onlylupon contract For employees hired as. For employees hired as ratification. ‘Competive Wage (HD Compettive Wage (CW) $14,350: "0-Yeoar Value of EN RCo) een aL ‘My Savings Plan (MSP), GEA's 401(k) plan. gives you an easy VACATION TIME \ art lordble way ota for relverent ith air Company PERSONAL TIME SENIORITY ‘matching contibuton on the pay you save, ls plan signifcanly| batter than the average industry 401(k) plan GE Appliances provides sddiona Income in the frm of oaerat EMERGENCY & ‘automatic and malching conbibuions Io give you a strong FAMILY AID PLAN foundation for atrament savings SHORT. AND COMPANY CONTRIBUTION ‘aioe suony ana All amployoas recsive a Company Contribution equal pty 10 3% of pay, regardless of whether you have made ‘any addtional contributions to the My Savings Pian, Jos a income , Appuances | > SECURTrYRNcOME } ) RECEIVE COMPANY MATCH FASTER acne ) aencres \when you contribute, GE Apptances wil match 100% on {he fest 3% of pay you save and 50% on the next 2% of WoouaL: ‘pay you save (up frm 80% onthe st 8° of pay saved) DEVELOPWENT EMPLOYEE PLANFTUITION. ASSISTANCE ‘TOTAL FROM GE APPLIANCES REIMBURSEMENT PROGRAM - a