Page 15 - 2022 Thrall Benefits Guide

Life and AD&D Insurance

Basic Life & AD&D
Life insurance is an important part of your financial security, especially if others depend on you for support. Accidental
Death & Dismemberment (AD&D) insurance provides additional coverage if your death or the loss of a body part or
function is the result of an accident.

The Company provides full-time, regular employees working 30 or more hours per week with Basic Life and AD&D
Insurance after 60 days of employment. This benefit is provided at no cost to the employee. The amount of coverage
provided is equal to two times your annual base salary, up to a maximum benefit of $500,000.

Voluntary Life
You can elect additional coverage for yourself, your spouse and your dependent children with the following parameters.

Employee: One, two or three-times employee’s annual salary
Spouse: $5,000 – $50,000 in $5,000 increments
Child: $5,000 or $10,000 per child up to age 26

Note: Employee must elect supplemental coverage in order to elect spousal and/or child coverage. Spousal coverage is
limited 50% of employee coverage. Employee supplemental coverage is limited to $350,000.

Disability Coverage

Thrall Enterprises, Inc. provides eligible employees with disability income benefits at no cost after 60 days of employment.
This benefit provides you with income replacement should you become disabled and unable to work due to a non-work-
related illness orinjury.

Short-Term Disability (STD):
This benefit lasts up to a maximum of 26 weeks and is determined by length of service with the Company. Salary
continuation will be paid according to the following schedule:

Length of Service Disability Benefit
0 – 6 months No payment
6 months – 1 year Up to 26 weeks at 60% of base salary
1 – 5 years 3 weeks at full salary, up to 23 additional weeks at 60%
5 years or more 6 weeks at full salary, up to 20 additional weeks at 60%

Long-Term Disability (LTD):
If you are unable to return to work after the 26 weeks of STD has expired, you may qualify for continued payment
under a long-term disability policy provided by the Company and administered by Cigna.

Qualified applicants may continue to receive up to 60% of their pre-disability monthly salary. The length of LTD
disability payment is determined by severity of illness or injury, age at the time of disability, normal retirement date
and other factors.

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