Employee Benefits (US-based employees)

The following benefits summary is intended to briefly outline Interwrite Learning’s employee benefits for full-time regular status employees (32 hours/week or more). It does not include specific details of the benefits, nor should it be construed as a warranty on any benefits.

Group Health Care Plans

The Company provides comprehensive medical and dental insurance. The cost is shared---the Company contributes 75% of the employee’s personal premium and 50% of dependent premiums. A prescription drug card is included.

Group Life, Accidental Death & Dismemberment (AD&D) and Short-Term Disability (STD) Insurances

Life and AD&D coverage is equal to basic annual compensation rounded up to the next higher $1,000. STD coverage is66-2/3% of weekly compensation for up to 13 weeks. The LTD benefit is 60% of base salary up to a maximum of $5,000 per month for the duration of the disability, or until age 65. These benefits are paid for by the Company.

Vacation

Employees are granted 2 weeks (10 days) of paid vacation per year. After 5 years of service, employees are granted 3 weeks (15 days) of paid vacation per year. After 10 years of service, employees are granted 1 additional paid vacation day for each additional year of service, up to a maximum of 4 weeks (20 days).

Sick Leave

Employees are granted 5 days of paid sick leave per year.

Personal Leave

Employees are granted 1 day of paid personal leave per year.

Holidays

Employees are granted 9 paid holidays per year. Specific days observed vary from year to year.

Tuition Reimbursement

Employees may be eligible for 100% reimbursement of tuition cost for a maximum of (6) credit hours or $1,500 per semester (up to $3,000 per year). Courses must be directly related to the employee’s job function or future function planned for the employee by the Company. Reimbursement is granted upon successful completion of the course with a grade of "C" or better ("B" for graduate level courses).

401(k) Savings Plan

Employees are eligible to join the 401(k) savings plan on the first day of the quarter (January 1, April 1, July 1 and October 1) following 90 days of service. Plan administration is through Massachusetts Financial Services (MFS) with eight mutual funds to choose from. Interwrite Learning may, in profitable years, match employee contributions dollar for dollar up to 4% of compensation. Employees are 50% vested after (2) years of service and after (3) years of service are 100% vested in the Company's match. Employee contributions are always 100% vested.

Direct Deposit

Employees may elect to have their paychecks deposited directly into their checking or savings account.

Interwrite Learning may unilaterally, in its discretion, amend, supplement, modify or eliminate one or more of the benefits described here, or any other employee benefit, without prior notice.

Case Study

Principal Greg Stillions envisioned a new way of teaching for his newly built high school that included creating a creative and interactive learning environment. After seeing the Interwrite Pad at an elementary school, he recognized that it was the perfect technology to achieve his goal. View Case Study