Page 10 - Volcom Benefit Summary 2018 Texas

BASIC LIFE AND AD&D

Life insurance protects your family or other beneficiaries in the event of your death while you are still actively employed with
the company. Volcom pays for coverage, offered through Sun Life, in the amount of 1x your annual salary (including bonus/
commission) to a maximum benefit of $600,000. If your death is due to a covered accident or injury, your beneficiary will
receive an additional amount through Accidental Death and Dismemberment (AD&D) coverage.

VOLUNTARY LIFE AND AD&D

In addition to the company provided Basic Life and AD&D benefits, you may elect to purchase additional Term Life and
AD&D insurance at discounted group rates provided by Sun Life. You pay for this coverage with after-tax dollars through
convenient payroll deductions.

Employee
You may purchase coverage for yourself in increments of $10,000 up to a maximum benefit of $500,000. If you elect this
benefit during your initial eligibility period (upon hire), you will not have to complete the health statement, except for amounts
that exceed the guarantee issue amount of $150,000.

Spouse
If you buy coverage for yourself, you may also purchase coverage for your eligible spouse. Benefits for your spouse are
available in increments of $5,000 to a maximum benefit of $250,000 and may not exceed 50% of your employee election.
If you elect this benefit during your initial eligibility period (upon hire), you will not have to complete the health statement,
except for amounts that exceed the guarantee issue amount of $50,000. Age reductions apply.

Child(ren)
If you buy coverage for yourself, you may also purchase coverage for your eligible dependent child(ren) in the following
amounts: Age: 6 months to 26 years: $1,000 increments to a maximum benefit of $10,000. 14 days to 6 months: Flat $500.

You may enroll in Voluntary Life and AD&D insurance for amounts above the guarantee issue as long as you provide proof
of good health. To provide proof of good health, you will be asked to complete a health questionnaire and are subject to
insurance carrier approval. The insurance company may approve or decline coverage based on a review of your health history.

! Consider updating your beneficiary designation if you have experienced a life changing event such as
marriage, divorce, the birth of a child, etc. You may login to ADP to update your beneficiary as needed. ADP
login information is located on page 14 of this brochure.

LONG TERM DISABILITY

Volcom offers you Long Term Disability (LTD) income replacement if you are disabled for an extended period of time, through
Sun Life. If you become totally and permanently disabled, benefits begin 90 days after the start of your illness or injury. Long
Term Disability works with state disability programs, Social Security, and any other group disability coverage, to provide you
with a combined monthly benefit equal to 60% of your pre‐disability earnings to a maximum benefit of $10,000 per month.

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