Page 68 - Mission updated and revised Employee Handbook (00022854).DOCX
P. 68

Group  Term  Life/AD&D:  Mission  provides  each  eligible  employee  with  a  group  term  life
               insurance of two (2) times his/her base salary, not to exceed $500,000 maximum coverage.  Please
               refer to the Plan Document for details.

               Supplemental Life/Accidental Death & Dismemberment (“AD&D”): Eligible employees who
               wish to supplement Mission group life insurance benefits may purchase additional coverage for
               themselves and their dependents.  Please refer to the Plan Document for details.

               LifeLock: Eligible employees are offered an optional benefit which protects, alerts, and resolves
               identification theft issues.  Please refer to the Plan Document for details.

               Flexible Spending Accounts (“FSAs”): Eligible employees are able to save money on health care
               and/or dependent care expenses with an FSA. Eligible employees are allowed to set aside funds
               each pay period on a pre-tax basis and use them tax-free for qualified expenses. No federal income
               or  social  security  taxes  are  deducted  on  contributions  to  an  FSA.  Please  refer  to  the  Plan
               Document for details.

               401(k) PLAN


               Mission  offers  a  401(k)  defined  contribution  plan  for  its  eligible  employees.  Employees  are
               eligible  to  participate  on  the  first  day  of  employment  with  an  automatic  enrollment  unless
               employees decline participation within thirty (30) days.

               Under the terms of the Mission Retirement Savings Plan, eligible participants have the ability to
               contribute up to the maximum amount allowed by the U.S. Internal Revenue Service (“IRS”). In
               addition, Mission may make a discretionary matching contribution based upon the employee’s
               contribution. Any discretionary matching contribution will be communicated to participants. The
               information provided here is a summary of the terms of the plan. The actual benefits are subject to
               and are governed by the terms and conditions of the official plan document. In the event of an
               inconsistency, the formal plan document governs. Mission reserves the right to amend, modify or
               terminate  the  plans  at  any  time.  For  further  information,  please  refer  to  the  Summary  Plan
               Document (SPD).














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