Benefits at InSite Vision

InSite Vision has a strong appreciation for the contributions of its employees and believes that maintaining a healthy work-life balance can assist the Company and individual employee in obtaining goals. InSite Vision has assembled a comprehensive multi-faceted benefits package which fosters this belief.

Medical

InSite Vision offers the flexibility of electing medical coverage with Health Net (HMO/PPO/HSA Plans) or Kaiser (HMO/HSA Plans) for employees and their eligible dependents. Medical plans include eye exams, prescription drug and prescription mail order programs with applicable co-payment.

Dental

InSite Vision offers a comprehensive PPO/OON dental plan that provides coverage for preventative, basic and major services for employees and their eligible dependents. Participants may seek dental care In-Network to receive the highest level of benefit coverage or participants may seek dental care Out-of-Network at a reduced level of benefit coverage.

Vision Care

Vision care is provided for employees and eligible dependents through Vision Service Plan (VSP). Vision coverage allows all covered participants to seek eye care checkups and corrective lenses at a discounted rate from VSP providers.

Health Insurance Employee Contributions

Medical, Dental and Vision coverage are offered to employees and their eligible dependents with a nominal employee contribution. Employee contributions are made via payroll deductions on a semi-monthly basis. Health insurance is effective the first of the month following date or hire.

Life/Accidental Death & Dismemberment, Short Term Disability, Long Term Disability (LIFE/AD&D/STD/LTD)

InSite Vision offers Life/Accidental Death and Dismemberment (Life/AD&D), Short Term Disability (STD), and Long Term Disability (LTD) insurance coverage for employees. This benefit is offered at no cost to the employee.

Employee Assistance Program (EAP)

A comprehensive service available to assist employees with practical help for life's challenges. Through this service, employees can connect with consultants to obtain immediate support, guidance, and resources regarding a variety of issues to address their concerns 24 hours a day, seven days a week via an 800 number or website. This benefit is provided at no cost to the employee and is 100% confidential.

Travel Assistance

A comprehensive service which provides valuable protection for employees and their families when traveling 100+ miles away from home. With just one call, covered employees and their families have access to qualified professionals trained to manage any travel emergency including medical and legal resources. This benefit is offered at no cost to employees.

Section 125 Plan

Employees may voluntarily participate in the Section 125 Plan by designating pre-tax dollars each year to pay for expenses which are not otherwise covered by the health insurance or to pay for transit expenses. 

InSite Vision 401(K) Plan

All active regular employees are eligible to participate. Enrollment is effective first of the month following date of hire or the first of the month following enrollment. Employees may contribute on a pretax basis up to 50% of their gross salary (not to exceed annual plan and IRS limits). Loans are available up to 50% of your vested account balance. InSite Vision offers discretionary contributions based on achievement of company goals. Additionally, the InSite Vision 401(k) Plan offer Catch-up Contributions for those age 50 and over (not to exceed annual IRS limits) and rollovers from other qualified plans are accepted.

Stock Option Plan

InSite Vision offers New Hire Stock Option grants to eligible new employees and on-going stock option grants subject to the approval of the InSite Vision Board of Directors.

Employee Stock Purchase Plan (ESPP)

After six months of continuous employment, regular employees may allocate up to 15% of compensation post-tax via payroll deductions to purchase the Company's common stock at 85% of the fair market value. Employees may have shares deposited into broker accounts.

Vacation

Vacation eligibility is based on length of service as follows:

Sick Time

Regular full-time employees are eligible for eight (8) paid sick days per calendar year. Regular part-time employees, who work 20 hours but less than 40 hours a week, receive a prorated number of sick days based on their regular work schedule.  

Holidays

InSite Vision provides 10 days company-paid holidays per year.

Educational Assistance Program

InSite Vision encourages the pursuit of higher learning. The Educational Assistance Program is available to all regular full-time employees after 3 months of continuous employment. Employees will be reimbursed up to an annual maximum of $2,500 for tuition and required fees for coursework directly related to the employee's current position within the organization.

Health and Wellness Initiatives

InSite Vision encourages employees to achieve a sound body and mind through a well-balanced diet and regular exercise. This is fostered through the following:

Health Club Reimbursement Program

The Health Club Reimbursement Program is available to regular full and part-time employees working a minimum of 30 hours per week.  Employees will be reimbursed 50% up to a maximum of $400.00 per calendar year, pro-rated based on date of hire, for eligible fees of one health club membership at any time.

Sound Body and Mind

Under the Company's Health and Wellness iniitiative, various healthy snacks, juices and fresh fruit are provided to employees. The Compay encourages employees to enjoy these items as part of a health well-balanced diet. Additionally, employees may participate in on-stie Pilates classes at nominal fee.

Other Benefits

• Business Casual Work Environment
• Flexible Schedules
• Annual Flu Shots
• Employee Activities and Company Events
• Employee Referral Program

In order to receive health insurance benefits, you must be a regular employee of the Company consistently working a minimum of 30 hours per week. This description provides a general overview only of the benefits offered by InSite Vision. Should any discrepancies contained in this communication occur, the actual plan documents would prevail. Benefits are as of 01/01/2009. InSite Vision may review and modify programs described herein and retains the right to amend, change, or eliminate any or all benefits described in these publications at any time without notice.