BENEFIT PLAN

Roshan Joseph Ranjan

Benefits

Company health insurance

Holiday and Christmas bonus

Sick pay recovered from cost sharing fund

 VISION

DENTAL PRESCRIPTION
DRUG
COVERAGE

MEDICAL FLEXIBLE
SPENDING
ACCOUNTS

EMPLOYEE BENEFITS
 401K
BENEFITS
(USA)
Retirement
plan & trust

BENEFITS

Product Paid Holidays

Discounts
 Social
National
Unemployment

Security
Insurance
(2.05%)

Systems
(Germany)
Contributions

National National
Pension Health
Scheme Insurance
(18.6%) (14.6%)
PAID TIME OFF
Germany

The continued Remuneration Act (Entgeltfortzahlungsgesetz) grants

employees (once they have been employed for four weeks) six weeks’
statutory sick pay, unless the employee has materially contributed to the
sickness. If an employee subsequently falls ill due to the same underlying
illness, the six-week period will recommence If six months have elapsed since
the end of the last sick leave, or if one year has elapsed since the beginning of
the first sick leave. If the underlying cause of illness is a new one, the six-week
period automatically commences again. Following the six-week period,
employees are entitled to stator/ private insurance sickness benefits.
UNPAID TIME OFF

If employees are unable to perform their contractual duties because of

physical or mental incapacity ,they will be relieved from work.
The employer must be informed immediately and a medical certificate is
required where there are three consecutive days of absence due to
illness.
 BENEFITS

Group life insurance Long term disability Health & THR allowance Performance & Target Bonus

Protection of disabled employees

Rest breaks

A working day consisting of more than six but no more than nine
hours requires a previously determined 30-minute rest break,
which may be split into two breaks of 15 minutes.

A 45-minute break must be granted after six hours of

work in the case of a working day of more than nine hours

At the end of the working day, an uninterrupted rest period of

a minimum of 11 hours must be granted.

During this rest period the employee must not be subject to

any obligations towards his employer which prevent him from
freely enjoying his time off.
Maternity pay
Expected mothers are prohibited from
working six weeks prior and eight weeks
after childbirth.
During the individual maternity protection
period the employee is entitled to full pay.

Parental rights
In addition to maternity leave, both female
and male employees are entitled to take Germany
parental leave up to the third birthday of
each child.

Carers’ rights
Employees can take up to ten days off work
to take care of close relatives who are in
urgent need of care. The leave of absence
is unpaid. Employees can also take nursing
care leave of up to six months for a close
relative.
Employees enjoy special protection against
dismissals from the moment they claim
nursing care leave until the end of the
leave period.
Annual leave
Employees are entitled to a holiday pay (some sort of
continued payment of the salary) for the minimum
statutory annual holiday entitlement, which is
calculated on the basis of the employee’s average salary
(including variable remunerations) in the 13 weeks
prior to the holiday
In general, employees must take their annual holidays
during the calendar year. Otherwise, it is forfeited.
However unused holiday can be carried forward until
the 31 March of the next calendar year if the employee
was unable to take the holiday due to operational or
personal reasons. If any holiday entitlement skill
remains at the end of the employment, employees can
claim financial compensation for the holidays not taken
Public holidays
Public holidays in Germany (local and national) are as follows:
New Year's Day (1 January 2019).
Epiphany (some states) (6 January 2019).
Good Friday (19 April 2019).
Easter Monday (22 April 2019).
Labour Day (1 May 2019).
Ascension Day (30 May 2019).
Whit Monday (10 June 2019).
Corpus Christi (some states) (20 June 2019).
Day of German Unity (3 October 2019).
Day of Reformation (some states) (31 October 2019).
All Saints' Day (some states) (1 November 2019).
Christmas Day (25 December 2019).
St Stephen's Day (26 December 2019).
Thank You