Overview of Benefit Programs

Schneider Electric offers a comprehensive, competitive benefits package. Our programs can protect employees and their families against many large expenses today, and also help generate income they can use during their retirement years. Eligible employees are covered under most of these programs on their first day of work.

Flexible Benefits Plan

Under the flexible benefits plan, employees choose the level of benefit coverage they need. Both the Company and our employees share the responsibility for the cost of this program. The plan includes the following benefits:

• A medical plan with three options, offering various levels of deductibles and co-payments, including an EPO or HMO. All options cover a wide range of services, including preventive care and vision care, and have a prescription drug program;
• A dental plan that helps pay for a variety of dental services;
• Life and accidental death and dismemberment insurance;
• A disability Benefits Plan with short-term disability and long-term disability
• A health care flexible spending account, which includes a discretionary Company match on employee pre-tax contributions; and
• A dependent care flexible spending account.
• We also offer dependent life insurance for employees' families and provide business travel accident insurance.

Employees' Retirement Savings Plan - 401(k)

Our 401(k) plan provides employees the opportunity to accumulate significant savings for retirement through employee pre-tax and after-tax contributions and a Company match. The company match contributions are subject to a graduated vesting schedule. The plan also allows rollover contributions, loans and hardship withdrawals. Note: The information presented is intended to be a high level summary of the Schneider Electric benefit programs. All benefit programs may not apply to all affiliated companies, divisions, or employee classifications (e.g., salaried, hourly, executive or union-represented employees). The complete provisions of the benefit plans are found in the official plan documents, which rule in the case of any differences between them and the information provided here. The Company reserves the right to change or terminate its benefit programs at any time.

In addition, Square D offers our employees:

• Paid Holidays and Vacations
• Flexible Work Arrangements
• Funeral Leave Pay
• Jury Duty Pay
• Direct Payroll Deposit
• Employee Assistance Program
• Annual Performance Review
• Employee Training & Development
• Employee Recognition Programs
• Tuition Reimbursement
• Employee Referral Cash Bonus Program
• Internal Job Posting System
• International Assignment Possibilities
• Service Award Program
• Health Club Reimbursement Program
• Matching Gift Program
• Merit Scholarship Program
• Drug-free Work Environment

In many locations we have:

• Full-Service Credit Union
• Smoke-free Environment
• Sports Leagues
• Wellness programs