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I long to accomplish a great and noble task, but it is my chief duty to accomplish small tasks as if they were great and noble.
--Helen Keller

We all know that virtually all technology start-ups offer benefits packages with traditional components like medical, dental and 401K. What sets the hot start-ups apart is the little extras:

Need we say more?

Stock Options
 

As a pre-IPO Company, Vivace provides stock options to all of its employees. The employee stock plan contains a standard vesting of 4 years with a one-year cliff date. This means that on your one year anniversary with the Company, 25% of your stock will vest automatically. Thereafter, the stock will vest on a monthly basis over the next 3 years. Employees also have the option to purchase or early exercise unvested shares.

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Medical
 

Vivace offers the choice between a PPO plan or an HMO plan on medical coverage. Both plans have a $10.00 co-payment and offer prescription, emergency care, mental health programs, and a variety of other services to meet your overall health needs.

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Dental
 

Vivace offers a comprehensive dental plan that provides Preventive Care, Basic Services and Major Services for employees and their dependents. No matter what dentist you choose, teeth cleanings twice a year are covered at 100% and should be of no cost to you or your dependents.

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Vision
 

Vivace offers a VSP (Vision Service Plan) to cover eye exams, contact lenses, prescription glasses and frames at significantly reduced costs.

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Life and AD&D
 

Vivace offers life insurance and Accidental Death & Dismemberment Insurance at 2 times annual base salary.

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Std And Ltd
 

Vivace offers Short Term Disability insurance at 66 2/3% of base weekly earnings up to a a maximum of $2,300 per week after 7 days of disability. Long Term Disability starts after 90 days of disability and consists of 66 2/3% of base monthly earnings up to a maximum of $10,000 per month.

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Flexible Spending Account
 

Vivace offers a Flexible Spending Plan of Health Care and Dependent Care Spending Accounts to offer employees the chance to save tax dollars on out-of-pocket expenses such as copayments, orthodontia, and child care. Employees get reimbursed using tax free funds that have been set aside for eligible healthcare and/or dependent care expenses. Reimbursement for eligible expenses can go to a maximum of $5,000 for either the Health Care or Dependent Care Accounts. Vivace also offers a Premium Only Plan (Sec 125) to add dependents on the medical plan for a nominal cost on a pre-tax basis.

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Employee Assistance Program
 

Vivace offers an EAP that is accessible 24 by 7 for employees and their dependents. All consultations are confidential. The EAP provides a referral program to community resources as well as up to 3 personal counseling sessions per family member with a licensed, certified therapist at no charge. Extended visits will be coordinated with the medical insurance or made available at significantly discounted rates.

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401k Retirement Plan
 

Vivace offers immediate enrollment in a 401(k) retirement savings plan to all eligible employees. The plan offers 12 mutual funds of varying risk level to defer up to 20% from each paycheck on a pre-tax basis. For a nominal fee, employees also have the choice to got outside of the 12 standard mutual funds offered and open a Charles Schwab Personal Choice Retirement Account. Most loans and rollovers are also accepted in the plan.

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Health Club Reimbursement Program
 

As our commitment to your health, Vivace offers a special program to encourage our employees to stay healthy and work out at a local gym of their choice. With all the free food and intensive eating in the Company, we felt it was only right to reimburse a portion of the monthly fees for joining a health club!

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Holidays And Paid Time Off
 

Vivace understands the need for reducing stress and burnout in our employee's lives. Toward that end we offer a total of 10 paid Company Holidays per year and up to 3 weeks of Paid Time Off (PTO) which accrues at 5 hours per pay period for a total of 120 hours per year. Manager approval is required for utilization of the PTO.

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2730 Orchard Parkway    

San Jose, CA 95134    

408.432.7700    

408.432.3495 fax    

 

      ©2001 Vivace Networks, Inc. All Rights Reserved     
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