Page 18 - Green Mountain Research Handbook Revised 12-27

Green Mountain Research Employee Handbook

GMR also provides retirement benefits, workers compensation coverage and unemployment
benefits to employees.

While it is our intention to continue to provide quality benefits for our employees, we reserve

the right to modify or discontinue the benefits at any time. This handbook provides a very
general overview of the benefits available to you. Should there be a discrepancy between the
language in the handbook and the official plan documents, the terms of the official plan
documents will govern the benefits.

Short Term Disability
Short Term Disability benefits pay employees 60% of their basic earnings up to a maximum of
$1500 per week for up to 12 weeks for a qualifying disability or pregnancy after a 7-day waiting
period. GMR pays 100 percent of the premium for this benefit.

Employees may be responsible for paying income taxes when these income replacement
benefits are received.

Long Term Disability
Long Term Disability benefits pay employees 60% of their basic earnings up to a maximum of
st
$6,000 per month for a qualifying disability. Benefits begin after the 91 day of disability. To
receive benefits, you must be unable to perform the duties of any occupation; however, during
the first two years of disability, you must only be unable to perform the duties of your own
regular occupation.

Normally, benefits continue for the duration of your disability, up to your normal Social Security
retirement age. GMR pays 100 percent of the premium for this benefit; however, employees
pay income tax on the premium. This allows you to receive the income replacement benefits
tax-free should you become disabled.

Group Basic Term Life Insurance
GMR offers a $50,000 term life insurance policy to full-time employees and pays 100 percent of
the premium. When benefits end, such as at the end of employment, employees may convert
the policy to an individual policy by paying the monthly conversion premium rate at that time.

Group Voluntary Term Life Insurance
Full-time employees may purchase additional term life insurance for themselves and their
spouses. Eligible employees may purchase up to $50,000 for themselves and up to $10,000 for
their spouse when first offered coverage, without answering medical questions. These limits
are referred to as the amounts of “Guarantee Issue”.

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Revision Date: 12/09/2021
Origination Date: 12/09/2021