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Benefits

Life and AD&D Insurance
Mutual of Omaha | 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. AeroVironment pays for coverage, offered through Mutual of Omaha, in the amount of 1 times your annual salary to a
maximum benefit of $50,000. 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.

Mutual of Omaha | 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 Mutual of Omaha. If elected, 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 with a minimum benefit of $500,000 and a maximum benefit of
$500,000. Please note your benefit may not to exceed 7 times your annual salary. Elected coverage amount above the Guarantee
issue listed below will be subject to Evidence of Insurability.

If you are currently enrolled, you may increase your coverage amount up $10,000 not to exceed the guarantee issue amount with-
out having to provide proof of good health during the yearly Open Enrollment.

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 $150,000 and may not exceed your employee election. Elected coverage amount
above the guarantee issue listed below will be subject to Evidence of Insurability.
Child(ren)
If you buy coverage for yourself, you may also purchase coverage for your eligible dependent child(ren). Benefits for your
child(ren) (ages birth to 26 years of age) are available in the amount of $10,000.

Guarantee issue is a pre-approved amount of coverage that does not require you to provide proof of good health, and is available
to you during your initial eligibility period (upon hire). Guarantee issue is available in the following amounts:
• Employee = 7 times your annual salary to a maximum of $250,000
• Spouse = 100% of employee benefit up to a maximum of $50,000
• Child(ren) = 100% of employee benefit up to a maximum of $10,000

If you are no longer in your initial eligibility period, you may enroll in Voluntary Life and AD&D insurance anytime during the year as
long as you provide proof of good health. To provide proof of good health or Evidence of Insurability, you will be asked to complete
a health questionnaire and are subject to insurance carrier approval. Mutual of Omaha may approve or decline coverage based on
a review of your health history.

Disability Insurance

Mutual of Omaha | Voluntary Short Term Disability
AeroVironment offers you the opportunity to purchase Voluntary Short Term Disability (STD) income replacement at discounted
group rates, through Mutual of Omaha. If you experience a temporary disability, benefits begin 7 days after the start of your acci-
dent, sickness or pregnancy and will continue up to a maximum of 25 weeks. This plan pays in addition to any state disability pro-
grams (if applicable) an additional 30% of your pre‐disability earnings up to a maximum benefit of $2,500 per week. If you reside
in a state which does not have mandated state disability coverage, your benefit level under this plan would be 60% of your pre-
disability earnings, up to $2,500 per week.

Mutual of Omaha | Long Term Disability
AeroVironment offers you Long Term Disability (LTD) to provide income replacement if you become disabled for an extended peri-
od of time, through Mutual of Omaha. If you meet the definition of disability under the plan, there is an elimination period before
benefits are payable. Your benefits under this plan would begin 180 days after the onset of your disabling injury or illness. LTD
works with state disability programs, Social Security, and any other group disability coverage, to provide you with a combined
monthly benefit. See the plan summary provided by People & Culture for details on this plan.
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