Page 49 - Employee Handbook 4-1-2021

BENEFITS

MEDICAL PLAN BENEFITS

Jones-Hamilton Co. provides a comprehensive medical insurance plan for eligible
employees who work more than 30 hours per week. Coverage includes Medical,
Dental, Vision, Short and Long Term Disability, Term Life Insurance, and Flexible
Spending Plan. Employees are eligible for benefit coverage the first of the month
following the date of hire, unless otherwise noted.

EMPLOYEE STOCK OWNERSHIP

Jones-Hamilton Co. provides a Plan for eligible employees in order to assist in planning
for their retirement. For information regarding eligibility, contributions, benefits, and
tax status, contact the Human Resources manager. All eligible participants will receive
a Summary Plan Description (SPD) for the plan.

ESOP Overview

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For each Plan Year (January 1 – December 31 ), Jones-Hamilton Co. may contribute
to the ESOP cash or shares of common stock of Jones-Hamilton Co. ("Company
Stock") as a contribution to eligible participants. ESOP contributions are credited to
participant account’s based on eligible compensation. Your ESOP benefit is provided at
no cost to you. Jones-Hamilton Co. makes all contributions to the Plan, and you are
not taxed on your ESOP benefit until you receive a distribution.

What Is the Purpose of the ESOP?

Jones-Hamilton Co. has adopted the ESOP so you, the employee, can share in the
value and the growth of Jones-Hamilton Co. and build up an ownership interest.
The benefits you get from the ESOP will depend, to a great extent, on the Jones-
Hamilton Co. profitability and the length of your service with Jones-Hamilton Co. The
value of these benefits will depend on the amount Jones-Hamilton Co. contributes each
year to the ESOP, any increase (or decrease) in the value of Company Stock, and the
dividends paid on this stock during your participation in the ESOP. The longer you
remain with Jones-Hamilton Co., the greater your interest in the ESOP will generally
be.

401(k) PLAN

Jones-Hamilton Co. also offers a 401(k) Plan that allows you to save for retirement
and diversify your retirement assets. Eligible employees are able to defer eligible
earnings, subject to IRS limitations, into the 401(k) Plan on a pre-tax or after-tax
basis. In addition, Jones-Hamilton Co. may contribute to the 401(k) Plan pre-tax
contributions to eligible employees. Your money can grow tax-free and can be
invested in stock, mutual funds and other investments, per your election. The
performance of your 401(k) Plan is based upon the underlying assets. This Plan allows

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