Page 60 - PUI Handbook 8-21

General Statement
Aside from those benefits required by state and federal
regulations, Precision Underground “the Company”, also offers
additional benefits for certain employee classifications. From time to
time, benefits may be added or deleted from the benefits package. The
Company reserves the right to make such changes.

This handbook does not contain the complete terms and/or conditions
of any of the Company’s current benefits plans. It is intended only to
provide general explanations. For information regarding employee
benefits and services, employees should contact the Office Manager.

Group Health Insurance
Precision Underground Inc offers a group health plan for
eligible employees after sixty (60) days of full-time status. The
company pays 100% of a single health plan for the employee.
Employees that request a single plus dependent or family health plan
must pay the additional cost above that of the single plan. Employees
signed up for health insurance will receive complete details and
benefits of the plan from the plan provider.

Dental, Vision, and AFLAC Insurance
Precision employees receive group rates for dental, vision,
and AFLAC insurance; however, these expenses are paid directly by
the employee. Employees are eligible after 60 days of full-time
status.

Consolidated Omnibus Budget Reconciliation Act
(COBRA)
Under the provisions of the Consolidated Omnibus Budget
Reconciliation Act (COBRA) of 1986, if you are covered under the
Company’s group health insurance plan(s) you are entitled to continue
your coverage in the event that your employment with the Company
ends. Under COBRA, the Company must offer each qualified
beneficiary (the employee and any covered dependents) who would
otherwise lose coverage under the plan as a result of a qualifying event
an opportunity to continue their insurance coverage and pay for the
premium at the individual’s expense. A qualifying event is defined as

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