Page 15 - 2022 Clarins Benefit Guide

YOUR BENEFITS GUIDE 2022

401(k) Retirement Savings Plan

The Clarins 401(k) Retirement Savings Plan offers a
convenient way to save for your future through payroll
deductions.

Eligibility

You are eligible to participate in the plan as long as you
are at least 21 years old and have completed 90 days of
service.

Employee Contributions For More Information
Contributions from your pay are made on a pre-tax basis - Please refer to the 401(k) plan Guide,
up to the IRS annual limit. If you are 50 years of age or call (800) 228-4015
older, (or if you will reach age 50 by the end of the year),
you may make a catch-up contribution in addition to the or visit www.benefits.ml.com
normal IRS annual limit.

Company Contribution
Your company will match 100% of the first 4% of your
eligible pay that you contribute, and 50% of the next 2% Requests for Paid Parental Leave:
that you contribute. To receive the maximum available
match, you will need to contribute at least 6%. You must provide your supervisor
and the HR Department with notice of
Vesting the request at least 60 days prior to
the date of your leave (or ASAP if the
Vesting refers to your right of ownership to the money in
your account. You are immediately vested in all leave was not foreseeable). Reach
contributions and earnings. out to HR to obtain the necessary
forms, and provide all documentation
as required by the HR department to
Paid Parental Leave Policy ensure your request is approved.

Eligible employees must meet the following criteria
You are eligible for Paid Parental Leave if you are a full-time employee (temporary employees and
interns are not eligible) that has worked at least 1250 hours during the 12 consecutive months
immediately preceding the date that leave would begin. You or your spouse/committed partner must
have given birth directly or through a surrogate; or have adopted a child under the age of 17. The
adoption of a child by a new spouse will not be covered.

Amount, Time Frame and Duration of Paid Parental Leave
Eligible employees will receive a maximum of 14 weeks of paid parental leave per birth, adoption or
placement of a child/children. Approved paid parental leave may be taken at any time during the three-
month period immediately following the birth, adoption or placement of a child with an employee. Paid
parental leave may not be used or extended beyond this three-month time frame.

14 Clarins USA, Inc.