YOUR NXP BENEFITS - NXP Semiconductors
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YOUR NXP BENEFITS
Brief Overview
WELCOME TO NXP! B R IEF OVERVIEW
WE’RE HAPPY By choosing NXP as your employer, you’ve become part of one of the world’s most
dynamic semiconductor companies. You’ll be working with motivated professionals and
YOU’RE HERE. a dedicated management team, with the tools to advance both your productivity and
your career. Be prepared to move boldly, accept responsibility and share in the rewards
As an NXP employee, you drive that come from world-class teamwork. You can come to work every day knowing you
have a benefits program that is both market-competitive and responsive to your needs.
the innovation that sets our Welcome to NXP.
company apart—and fuels
YOUR NXP BENEFITS Your NXP health coverage is effective
our success in the market. as of your NXP start date. If you incur
This guide will give you details on the
following benefits: health or pharmacy claims before
• Health Insurance enrolling or receiving your identification
cards (ID cards), please save your receipts
To reward your dedication and • Health Care and Dependent Care and file a claim directly with your carrier
Flexible Spending Accounts
commitment, we offer a highly • Health Savings Account (HSA)
once you receive your ID cards.
If you are eligible, you may begin
competitive and comprehensive • Disability and Life Insurance contributing to the NXP 401(k) Retirement
rewards program—including • 401(k) Retirement Plan Plan as soon as administratively possible,
• Time Away Program usually as of the third pay period after
benefits to protect your health, your start date. You are eligible to
• Wellness Programs receive company matching contributions
build savings for retirement • Work and Life Balance Benefits as soon as you begin contributing.
and enhance your life. • NXP Share Success Plan (Employee For more information, review the
Savings and Wealth section of this
Stock Purchase Plan)
guide (pp. 15–17).
ENROLL WITHIN THIRTY (30) You must complete your enrollment
This guide outlines information DAYS OF YOUR START DATE
within thirty (30) days of your start date
or the default options listed on the
about your benefit options, You can make your NXP benefit elections following page will apply.
online or through NXP Rewards Customer
how to enroll and ways to get Service shortly after your NXP start date. Step-by-step instructions for your benefits
You will receive a “Take Action: Enroll in enrollment are provided in the Benefits
connected to your new benefits. Enrollment section of this guide (p. 18).
your NXP Benefits” email at your NXP
Please read this and share it email address from NXP Rewards, usually
within seven (7) business days from your
with your family. start date. If you need help enrolling or
have questions before you are prompted
to enroll, please contact NXP Rewards
Customer Service at (888) 375-2367.
2 NXP Employee Benefits
DEFAULT ENROLLMENT You do not need an ID card to access Documentation confirming your covered
Please note: If you don’t complete your dental and vision care services. Let dependent’s eligibility will be requested
benefits enrollment within thirty (30) days your dentist’s office know you are after enrollment. Please submit the
of your start date, you will be automatically enrolled in MetLife PDP Plus; they requested documentation in a timely
enrolled in: can call MetLife to confirm your manner to ensure coverage for your
coverage at (800) 942-0854. Similarly, dependents. If you have any questions
• Choice Plan (PPO), with you only inform your vision care provider that about dependent eligibility or the
coverage, including a $200 deductible, you are enrolled in VSP Choice and documentation requirements, contact
20% coinsurance, $20 primary care they can call to confirm your coverage NXP Rewards Customer Service at
provider copay, $30/$50 specialist at (800) 877-7195. You can access your (888) 375-2367.
provider copay, and CVS Caremark dental and vision benefit information
prescription medication benefits. A Social Security number (SSN) is
directly, online, at MetLife.com/dental required for all eligible dependents who
• NXP 401(k) Retirement Plan, and VSP.com, respectively. will be covered under the NXP medical
contributing 5% of your eligible
Contact information for all benefit plan. Please have your dependent’s
compensation, on a pre-tax basis.
providers is on p. 19 of this guide. SSN available when you enroll. If your
Your 401(k) contributions will be
dependent does not have, or is not
invested in the Managed Account
option with GuidedChoice®.
WHO’S AN ELIGIBLE DEPENDENT? eligible to get an SSN, you can use an
The following individuals qualify as individual taxpayer identification number
• NXP-paid basic life, business travel (ITIN or TIN). Health coverage won’t be
dependents and are eligible for NXP’s
accident, accidental death and denied if your eligible dependent doesn’t
medical, dental and vision benefit plans.
dismemberment, and short- and have an identification number. Please
long-term disability insurance. • Spouse: Your legally recognized contact NXP Rewards Customer Service
You will not be automatically enrolled spouse, including your common-law at (888) 375-2367 if you have questions.
in any other programs. spouse if recognized by your state and
claimed as your federal tax dependent. WHO’S NOT AN ELIGIBLE
ID CARDS AND HEALTH PLAN • Domestic partner: Your same-sex or DEPENDENT?
opposite-sex domestic partner who has
INFORMATION The following individuals do not qualify
lived with you for at least six months,
You should receive your ID cards within is not a blood relative of yours, is not as dependents and are ineligible for
two (2) weeks of your enrollment. legally married or in another domestic NXP benefits:
These cards will be mailed to your partner relationship, and is at least • Your siblings
home address. 18 years old. • Your parents and in-laws
If you need health care services or • Dependent children: Your children • Grandparents, grandchildren or any
treatment (for example, a visit to the doctor through the end of the month in other children who are not listed under
or hospital, lab work or a prescription) which they reach age 26. In addition, “Who’s an Eligible Dependent” at left
before receiving your ID cards, you can you can cover your child who is over
confirm your coverage by calling your age 26, if he or she is incapable of
• A unts, uncles, cousins, nieces, nephews
health plan administrator directly. You working because of mental or physical • Roommates, boyfriends, girlfriends,
will be able to print temporary ID cards disability (until such incapacity ends). friends
from the health plan websites using your Your children include your children by • Former spouses
Social Security number. You can register birth, adoption or pending adoption;
on the web addresses below about five (5) legal guardianship; stepchildren or
business days after you have enrolled children of your domestic partner
in NXP benefits. who live with you; foster children
If you need additional or replacement legally placed by a licensed agency;
medical or prescription ID cards, contact grandchildren you legally adopt or
your health plan directly at: for whom you are the court-appointed
guardian; or children you must cover
• Aetna (Medical): (800) 626-1987 under a Qualified Medical Child
or online at aetna.com. Support Order (QMCSO).
• CVS Caremark (Prescription
Medications): (877) 505-8360
or online at caremark.com.
3 NXP Employee Benefits
CONTENT S
Brief Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2–3
HEALTH AND WELLNESS
NXP Medical Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5–8
Behavioral Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Medical Savings Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Vision Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Health Care Flexible Spending Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Employee Assistance Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Dependent Care Flexible Spending Account . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Limited Use Flexible Spending Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
NXP Dental Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Wellness Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Tobacco Cessation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
DISABILITY AND LIFE INSURANCE
Disability Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Basic, Supplemental and Dependent Life Insurance . . . . . . . . . . . . . . . . . 12–13
WORK AND LIFE BALANCE
Resources for Living . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Adoption Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Employee Discounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Legal Assistance Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Time Away Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
SAVINGS AND WEALTH
401(k) Retirement Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15–16
Share Success Plan (Employee Stock Purchase Plan) . . . . . . . . . . . . . . . . . . . . 17
BENEFITS ENROLLMENT
Benefit Enrollment Instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
IMPORTANT CONTACT INFORMATION
Reward Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
4 NXP Employee Benefits
HE ALTH AND WELLNESS
NXP MEDICAL PLAN Need help selecting a medical plan? For these 12 practice areas, your specialist
When am I eligible? Meet Alex—your virtual benefit advisor copay will be $30 when you use an Aexcel
You and your eligible dependents are at myalex.com/NXP/2016. Alex will specialist, if you are enrolled in the Choice
ask you a few questions to better Plus or Choice medical plan. Otherwise, your
eligible for coverage as of your NXP
understand your health care needs and specialist copay is $50. Outside of these 12
start date.
provide you with a comparison of how practices, your specialist copay is $30. If you
NXP Medical Plan each plan works and which one could live in an area where Aexcel specialists are
be best for you. unavailable, your specialist copay is $30.
Your NXP medical plan offers you
a choice of three Aetna medical and NXP Network Providers
Find quality ratings and cost
corresponding CVS Caremark pharmacy
estimates with Castlight. To locate a network provider for Aetna
plans, including a Medical Savings Plan
Castlight gives you access to data medical, visit the following resources:
with a Health Savings Account (HSA).
You have the flexibility of choosing the on the quality and cost of in-network edical networks—vary by plan, as
M
health plan that meets the needs of Aetna medical providers, services and noted in the table on the following page;
you and your family, both today and facilities. You can search by doctor, see aetna.com/docfind/custom/NXP
into the future. medical condition or service, so you or call Aetna Member Services at
will never again wonder how good your (800) 626-1987.
Teladoc is an added benefit that gives doctor is or what your visit will cost.
you 24/7 access to a national network Castlight is available at no cost to NXP
of U.S. board-certified doctors. Simply employees and their adult dependents
call (855) 835-2362 for non-emergency enrolled in an NXP medical plan. As
medical conditions like respiratory and a new hire, you will receive an email
ear infections, colds, flu, sore throat, invitation to register for Castlight about
and pink eye, just to name a few. four weeks after you enroll in NXP
Teladoc doctors can recommend Aetna medical coverage. Visit the site
treatment and even call in a prescription at Mycastlight.com/NXP or call
to your pharmacy of choice when a Castlight Guide at (800) 681-4815.
necessary. Get started by registering
at teladoc.com/NXP or calling Specialists in the Aetna
(855) 835-2362. Aexcel® Network
A 24-hour Nurseline and Personal When you’re searching in the Aetna
Health Advocate are available to help DocFind directory at aetna.com/
you navigate the health care system docfind/custom/NXP for specialists,
and provide you with guidance and look for doctors with the blue star.
support whenever you need it by These high-performing specialists
calling Aetna at (800) 626-1987. are designated as part of the Aetna
Aexcel network.
You may opt out of the NXP medical
Aexcel is a designation within the Aetna
plan if you prefer not to enroll. However,
network that includes specialists who
you must opt out within your 30-day
have demonstrated effectiveness in the
enrollment window.
delivery of care based on a balance of
certain measures of clinical performance
and cost-efficiency. Currently, there are
Aexcel-designated physicians in the
following 12 specialties:
• Cardiology • Obstetrics and Gynecology
• Cardiothoracic Surgery • Orthopedics
• Gastroenterology • Otolaryngology
• General Surgery • Plastic Surgery
• Neurology • Urology
• Neurosurgery • Vascular Surgery
5 NXP Employee Benefits
Health and Wellness
MEDICAL COVERAGE THROUGH AETNA
The table below reflects your share of the cost.
MEDICAL SAVINGS PLAN
CHOICE PLUS PLAN CHOICE PLAN
WITH HSA
Exclusive Provider Organization (EPO): Preferred Provider Organization (PPO): High Deductible Health Plan (HDHP):
PLAN TYPE In-network coverage only, Better coverage in-network, Better coverage in-network,
except in emergencies out-of-network coverage allowed out-of-network coverage allowed
NETWORK NAME Aetna Open Access Select Choice POS II Choice POS II
SELECTED OUT-OF- OUT-OF- OUT-OF-
IN-NETWORK IN-NETWORK IN-NETWORK
COVERAGE NETWORK NETWORK NETWORK
$0 You Only/ $200 You Only/ $400 You Only/ $1,500 You Only/ $3,000 You Only/
DEDUCTIBLE No Coverage
$0 Family $400 Family $800 Family $3,000 Family $6,000 Family
COINSURANCE You pay 10% No Coverage You pay 20% You pay 40% You pay 20% You pay 40%
OUT-OF-POCKET $4,000 You Only/ $5,000 You Only/ $10,000 You Only/ $5,000 You Only/ $10,000 You Only/
No Coverage
MAXIMUM $8,000 Family $10,000 Family $20,000 Family $10,000 Family $20,000 Family
You pay 40% You pay 40%
PREVENTIVE CARE Covered 100% No Coverage Covered 100% Covered 100%
after Deductible after Deductible
Yes. In addition to your contributions,
NXP puts money in the plan on your
No No
behalf ($500 for you only and $1,000
HSA AVAILABLE for family, prorated based on start date)
Health Care Flexible Health Care Flexible Limited Use FSA (LUFSA) available
Spending Account available Spending Account available (see p. 10 for details)
TELADOC You pay $10 Copay You pay $10 Copay You pay no more than $40
PRIMARY CARE You pay $20 You pay $20 You pay 40% You pay 20% You pay 40%
PHYSICIAN VISIT Copay No Coverage Copay after Deductible after Deductible after Deductible
You pay $30 You pay $30
Copay or Copay or
$50 Copay for $50 Copay for You pay 40% You pay 20% You pay 40%
SPECIALIST VISIT Non-Aexcel No Coverage Non-Aexcel after Deductible after Deductible after Deductible
specialists in specialists in
12 designated 12 designated
practices (see p. 5) practices (see p. 5)
MATERNITY You pay 20% You pay 40% You pay 20% You pay 40%
You pay 10% No Coverage
(HOSPITALIZATION) after Deductible after Deductible after Deductible after Deductible
HOSPITAL You pay 20% You pay 40% You pay 20% You pay 40%
You pay 10% No Coverage
ADMISSION after Deductible after Deductible after Deductible after Deductible
You pay 20% You pay 40% You pay 20% You pay 40%
INPATIENT SURGERY You pay 10% No Coverage
after Deductible after Deductible after Deductible after Deductible
OUTPATIENT You pay 20% You pay 40% You pay 20% You pay 40%
You pay 10% No Coverage
SURGERY after Deductible after Deductible after Deductible after Deductible
$100 copay, $100 copay, $100 copay, $100 copay,
EMERGENCY then 10%; then 10%; then 10%; then 10%; You pay 20% You pay 20%
ROOM VISIT Copay waived Copay waived Copay waived Copay waived after Deductible after Deductible
if admitted if admitted if admitted if admitted
6 NXP Employee Benefits
BEHAVIORAL HEALTH MATERNITY CARE PROGRAM
While your physical health is important, The NXP Maternity Care Program is a confidential service provided by Aetna,
your emotional well-being is equally and administered by registered nurse case managers, at no cost to you. The
important. Under your behavioral health objective of the Maternity Care Program is to promote early treatment and healthy
benefit, you are eligible for inpatient pregnancies. It offers expectant parents a comprehensive schedule of prenatal
and outpatient care through your care, free information and baby-care supplies. Your regular benefit levels will
medical plan (pre-authorization may apply to maternity care. To access personalized maternity support from
be required). To locate a network Aetna call (800) 626-1987.
provider for behavioral health services,
visit aetna.com/docfind/custom/NXP
or call Aetna Member services at
(800) 626-1987.
Prescription Medication Coverage Through CVS Caremark
The table below reflects your share of the cost.
MEDICAL SAVINGS PLAN
CHOICE PLUS PLAN CHOICE PLAN
WITH HSA
GENERIC MEDICATIONS Generic preventive medications
available at no cost; all
30-DAY SUPPLY You pay $5 Copay You pay $5 Copay
other generics are 20%
(SHORT-TERM SUPPLY)
after deductible
90-DAY SUPPLY
(LONG-TERM SUPPLY OR You pay $10 Copay You pay $10 Copay You pay 20% after Deductible
MAINTENANCE MEDICATIONS)*
PREFERRED BRAND-NAME
MEDICATIONS You pay 30% Coinsurance You pay 30% Coinsurance
You pay 20% after Deductible
Max: $75 Max: $75
30-DAY SUPPLY (SHORT-TERM)
90-DAY SUPPLY (LONG-TERM)* You pay 30% Coinsurance You pay 30% Coinsurance
You pay 20% after Deductible
Max: $175 Max: $175
NON-PREFERRED BRAND-NAME
MEDICATIONS You pay 50% Coinsurance You pay 50% Coinsurance
You pay 20% after Deductible
Max: $100 Max: $100
30-DAY SUPPLY (SHORT-TERM)
90-DAY SUPPLY (LONG-TERM)* You pay 50% Coinsurance You pay 50% Coinsurance
You pay 20% after Deductible
Max: $250 Max: $250
Rx Note: You do not need to fill short-term prescriptions at a CVS pharmacy. Over 68,000 participating pharmacies nationwide accept CVS Caremark prescription coverage.
* 90-day long-term or maintenance medications can be ordered by mail or picked up at a CVS pharmacy near you.
Medical Plan Pay Period Contributions*
MEDICAL SAVINGS PLAN
CHOICE PLUS PLAN CHOICE PLAN
WITH HSA
YOU ONLY $39 $23 $0
YOU + SPOUSE/DOMESTIC PARTNER $90 $ 51 $7
YOU + CHILD(REN) $82 $ 47 $5
FAMILY $142 $ 81 $10
* A ll medical coverage contributions listed will increase $50 a month for each covered employee and/or spouse/domestic partner who uses tobacco. They will
increase an additional $234 annually if you don’t complete your annual wellness screening and health risk questionnaire (see p. 11 for details). As a new hire you
are automatically credited the $234 wellness incentive for the year in which you are hired.
7 NXP Employee Benefits
Health and Wellness
PERSONAL NURSE ADVOCATE MEDICAL SAVINGS PLAN • You can use your HSA funds to
When you have an ongoing health The Medical Savings Plan is a High- pay for qualified health care expenses
condition, it’s important to have the Deductible Health Plan (HDHP) with a during the year, or save your account
support and guidance you need to Health Savings Account (HSA). It covers the for future health care needs.
live your life fully. As part of your NXP same medical services as the Choice and • You will be issued a debit card to
health benefits, registered nurses, Choice Plus Plans (including in-network access funds from your HSA to pay
called “Personal Health Advocates,” preventive care at 100%) and offers the for qualified health care expenses.
are available to help you. The Personal same quality care and provider network. • You own the funds in your HSA account,
Health Advocate Service offers support You can see any provider you choose. even if you move to another employer.
for a wide variety of medical conditions. You pay for care you receive, including
• The contributions to your HSA, and their
prescriptions, through your deductible
Your Personal Health Advocate can earnings, accumulate tax-free. Once your
and coinsurance. Your in-network
help you: HSA balance reaches $1,000, you may
preventive care and generic maintenance
• Address your health care questions medications are available at no cost to you.
invest your account for further growth.
and concerns • And, if you use the funds solely for
What makes the Medical Savings Plan
• Select hospitals and providers that are different is that it includes funding for an
qualified health care expenses, you
right for your needs don’t ever owe taxes or penalties
HSA to pay for your medical expenses. on the account.
• Better understand your diagnosis and NXP deposits money in your HSA to help
treatment options cover your deductibles and out-of-pocket HSA Eligibility
• Understand and support your doctor’s expenses. Employees enrolled in you only Since an HSA is a tax-advantaged account,
plan of care coverage will receive $500 and those who certain restrictions apply, such as:
enroll dependents will receive $1,000 in
• Stay healthy by recommending • You can’t have medical coverage other
NXP contributions (or a prorated amount,
preventive care and identifying your than a High-Deductible Health Plan
depending on when you were hired).
health risks (such as the Medical Savings Plan).
• Promote self-management of targeted If you don’t expect to use your medical
• You can’t be enrolled in Medicare
chronic or complex conditions benefits much during the year, if you are
looking for a way to save on taxes, or or another government-sponsored
• Understand your medications and any want to save for retiree health care costs, medical plan (such as TRICARE®).
alternative options available to you this plan might be just what you’ve been • You can’t be claimed as a dependent
• Coordinate your services before, looking for. Especially since it’s free for on someone else’s tax return.
during and after a hospital stay you and only $10 per pay period for a • You can’t use a traditional Health Care
Best of all, this program is available at no whole family. Flexible Spending Account. You are
cost to you! Call (800) 355-9263 to get eligible, though, to use the Limited Use
connected to personalized support from Key features of this unique health care Flexible Spending Account (LUFSA) to
your Personal Health Advocate today. savings vehicle: cover out-of-pocket expenses for dental
• NXP funds the full employer and vision (see p. 10 for details).
contribution during the first week of
• There are maximum annual contribution
the month after you complete your
limits (see the box below).
enrollment. So it is available to you
almost immediately. • You’ll need to keep receipts to
document that your HSA money is spent
• You can add to your HSA through on qualified health care expenses.
pre-tax deductions from your paycheck
(up to IRS limits). Want to learn more about the Medical
Savings Plan?
• Meet Alex—your virtual benefit advisor
Important Numbers for the Medical Savings Plan at myalex.com/NXP/2016. Alex will
YOU ONLY FAMILY
ask you a few questions to better
COVERAGE COVERAGE understand your health care needs and
provide you with a comparison of how
ANNUAL DEDUCTIBLE $1,500 $3,000 each plan works and which one could
ANNUAL OUT-OF-POCKET MAXIMUM $5,000 $6,850 be best for you.
• Review the Medical Savings Plan User’s
IRS HSA CONTRIBUTION LIMIT FOR 2016
$3,350 $6,750 Guide to help you understand what
(INCLUDES NXP CONTRIBUTION)
to expect from the plan. NXP.com/
Plus $1,000 catch-up contribution if age 50 or older by year-end files/company_information/benefits/
HSAUserGuide.pdf.
NXP HSA CONTRIBUTION* $500 $1,000
* For new hires, the NXP HSA contribution is prorated based on the number of months during the year you
are covered under the Medical Savings Plan.
8 NXP Employee Benefits
OUT-OF-AREA COVERAGE OPTION FOR NXP MEDICAL PLAN HEALTH CARE FLEXIBLE
Out-of-area coverage is available to you only if you live in a location without access SPENDING ACCOUNT
to the Aetna network. Under this option, you and your covered dependents may If you elect to participate in the Health Care
go to any provider, specialist or hospital you wish, provided you contact Aetna Flexible Spending Account (HCFSA), you can
Care Management, as required. For coverage details visit the Medical Page at contribute up to $2,500 in pre-tax income
NXP.com/benefits. If you are unsure whether you live in an Aetna location, for qualified expense reimbursements.
contact NXP Rewards Customer Service at (888) 375-2367.
• Any money contributed must be used for
VISION CARE SERVICES expenses incurred in the same calendar
year in accordance with IRS guidelines.
NXP Vision Plan
Routine eye care services are included in the NXP vision plan for you and your covered
• You can roll over up to $500 of unused
HCFSA funds from year to year. Any
dependents. Services include comprehensive vision examinations, and prescription
unused HCFSA funds above $500 at
eyeglasses (lenses and frames) or contact lenses. To take advantage of the Vision Plan,
the end of the year are forfeited.
you simply enroll yourself and your eligible dependents. Then see a VSP Choice network
doctor or affiliate provider and pay your share of the cost, as described in the chart • You can change your HCFSA choices
shown below. during Annual Enrollment or within
30 days of a qualifying life event.
When you see a VSP Choice Plan network doctor or affiliate provider, you get the most
value from your vision plan benefits. VSP offers two convenient ways to locate these • Visit irs.gov for a complete list of covered
providers near your home or work. expenses. Refer to Publication 502,
Health Care Expenses.
Visit VSP.com. Once you register and create a username and password, you can search
• Take advantage of streamlined
for a VSP Choice network doctor or affiliate provider by name or location. Or, call VSP’s
reimbursement of health care claims.
Member Services (800) 877‑7195.
You can have eligible expenses auto-
submitted for NXP medical, pharmacy,
VISION CARE SERVICES THROUGH VSP dental and vision plans for payment
NXP’s vision plan uses the VSP Choice Network. from the HCFSA, saving you time.
SERVICE COPAY FREQUENCY
• If auto-reimbursement doesn’t work
for you, you can elect use of a debit
VISION card to cover eligible expenses.
$10 Every calendar year
EXAMINATION
• And, you can download the Your
PRESCRIPTION Spending Account™ (YSA) Reimburse
$10 See frame and lenses
GLASSES Me app to view your account balance
Included in prescription glasses copay; and submit or check the status of a claim
$150 allowance for a wide selection of from your mobile device.
FRAMES frames; $170 allowance for featured Every other calendar year
frame brands; 20% savings on the EMPLOYEE ASSISTANCE
amount over your allowance
PROGRAM
LENSES When you need help balancing the
Included in prescription glasses copay Every calendar year
demands of work, life and personal issues,
contact Resources for Living, NXP’s
CONTACTS $150 allowance for contacts and Employee Assistance Program (EAP)
contact lens exam (fitting and at (866) 702-7435 or by visiting
(INSTEAD OF Every calendar year
evaluation); 15% savings on a contact resourcesforliving.com (Username: NXP,
GLASSES) lens exam (fitting and evaluation)
Password: member).
Average 15% off the regular price These benefits include:
LASER VISION or 5% off the promotional price;
As needed
CORRECTION discounts only available from • Confidential access to a licensed
contracted facilities counselor, 24/7
YOU + • Up to four (4) EAP sessions per person,
VISION PLAN
SPOUSE/ YOU + per issue, per year
PAY PERIOD YOU ONLY FAMILY
DOMESTIC CHILD(REN) • Unlimited telephone access to clinicians
CONTRIBUTIONS
PARTNER
and workplace support services
EMPLOYEES $2.83 $5.69 $6.02 $9.63 • Use of a customized network of
EAP providers and prescreened
community resources
9 NXP Employee Benefits
Health and Wellness
DEPENDENT CARE FLEXIBLE NXP DENTAL PLAN
SPENDING ACCOUNT The NXP dental plan offers you and your family preventive, restorative and orthodontic
The Dependent Care Flexible Spending services. While you do not have to visit a MetLife PDP Plus network dentist to receive
Account (DCFSA) lets you put away dental benefits, you can take advantage of negotiated rates and increased savings by
money—tax-free—for eligible dependent seeing a MetLife PDP Plus network provider.
care expenses. As a DCFSA participant, The table below reflects your share of the cost.
you can contribute up to $5,000 in
pre-tax contributions for qualified
dependent care expense reimbursements. SERVICE COVERAGE LEVEL
Any money contributed to this account PREVENTIVE
Covered at 100% of negotiated fees, no deductible
must be used for expenses incurred in SERVICES
the same calendar year or the money
is forfeited. BASIC DENTAL You pay 20% of negotiated fees, after you’ve satisfied
SERVICES the deductible requirement
You can change your DCFSA options
during Annual Enrollment or within MAJOR DENTAL You pay 50% of negotiated fees, after you’ve satisfied the
30 days of a qualifying life event. SERVICES deductible requirement
Eligible DCFSA expenses include: DEDUCTIBLE $100 per person per calendar year, up to $300 for family
• qualified child or elder care center
A
ANNUAL
• A babysitter or nanny MAXIMUM
$2,000 annual maximum (per covered person)
• After-school care
• Registration fees AGGREGATE
$2,000 lifetime maximum for orthodontics
• Nursery school tuition LIFETIME
(per covered person)
MAXIMUM
• A relative who provides care
Visit Your Spending Account at The annual maximum benefit for preventive, basic and major services is $2,000
NXP.com/rewards and irs.gov per year, per person. Your dental benefits include two exams and two cleanings
Publication 503 for a complete each year, x-rays (subject to certain limits) and more. For most other dental services,
list of covered eligible dependent benefits begin after you meet the annual deductible ($100 for you only; $300 for all
care expenses. other coverage levels).
LIMITED USE FLEXIBLE To find a network dentist, visit MetLife.com/dental and review the PDP Plus provider
listing.
SPENDING ACCOUNT
The Limited Use FSA (LUFSA) is available Dental Plan Pay Period Contributions
if you are enrolled in the Medical Savings
Plan. Participating in an LUFSA helps you YOU ONLY $4.15
maximize the amount you can save YOU + SPOUSE/DOMESTIC
pre-tax for dental and vision expenses. $8.77
PARTNER
You can contribute up to $2,500 in pre-
tax contributions for eligible dental and YOU + CHILD(REN) $9.23
vision expenses. There are limits on the
FAMILY $14.31
expenses you may submit to your LUFSA.
Enroll and maximize your tax advantage if:
• You’re expecting to incur significant
dental and/or vision expenses.
• You don’t want to use your HSA
for dental and vision care expenses.
Similar to the HCFSA, you can roll over up
to $500 of unused LUFSA funds from year
to year. Any unused LUFSA funds above
$500 at the end of year are forfeited.
You can change your LUFSA options
during Annual Enrollment or within
30 days of a qualifying life event.
Visit irs.gov for a complete list of
covered expenses. Refer to Publication
502, Health Care Expenses.
10 NXP Employee BenefitsWELLNESS PROGRAM Preventive Care
You receive numerous benefits to help Staying healthy is the best way to keep
you take charge of your well-being. your medical costs down. That’s why
several convenient preventive care
Wellness Reimbursement options are available to you, including:
You are eligible to receive up to • No cost flu shots
$240 (less applicable taxes) per year
for wellness reimbursement toward
• 24-hour Aetna Nurseline
achieving good health. Examples include • Onsite health screenings
a membership to a fitness center, • Mammograms
including NXP Activity Centers (where
In addition to the care noted above,
available), or participation in approved
in-network preventive care coverage
fitness, sports and health education-
is available through Aetna at no cost.
related activities. For more information,
This includes routine screenings,
review the details on NXP.com/rewards
checkups and generic contraceptives.
under Your Spending Account.
It also includes counseling to help you
NXP Activity Center Membership prevent illness, disease or other health
problems. For details, visit aetna.com.
Many of our NXP sites offer onsite
fitness facilities. Use your $240 AIG Business Travel Assist SM
wellness reimbursement to cover
When you have to travel across
your membership. Contact your local
the country or around the world,
activity center for more information.
the following assistance is available:
The contact information for the NXP
Activity Centers is on p. 19 of this guide. • Immunization advice TOBACCO CESSATION
• Health and safety travel advisories One of the biggest steps you can
• Medical assistance while traveling take to improve your health is to quit
• Additional travel resources using tobacco products. If you are
tobacco-free or enrolled in a tobacco
Call (877) 244-6871 to learn more. cessation program, you can save on
medical and life insurance premiums. In
addition, nicotine replacement therapy
is provided at no cost with a physician
prescription. Visit caremark.com or call
(877) 505-8360 for information. You can
also access free counseling through
Aetna EAP at resourcesforliving.com
(Username: NXP, Password: member)
and online tobacco cessation program
materials at aetna.com and caremark.com.
KNOW YOUR NUMBERS WITH
AN NXP WELLNESS SCREENING
Your steps toward wellness can be
advantageous to you both physically
and financially. If you participate in an
NXP wellness screening in 2016, you’ll
be rewarded by not only feeling better,
but with reduced medical premiums in
2017. You can schedule your screening
onsite at NXP in the spring or summer
screening sessions, at your physician’s
office or at a lab facility.
11 NXP Employee BenefitsDI SAB ILIT Y AND LIFE I NSUR ANCE
DISABILITY INSURANCE BASIC LIFE INSURANCE Grief Counseling
NXP provides you with short-term Any NXP employee who is scheduled to This service is through MetLife, and is
disability insurance. This valuable benefit work at least 20 hours per week will receive designed to assist you, your dependents
can replace a portion of your income for life insurance in the amount of one times and your beneficiaries with any situation
injuries or illnesses that keep you out of their annual eligible compensation, rounded you perceive as a major loss. Call
work up to 180 days. Under the NXP short- up to the nearest $100. Basic life insurance is (855) 609-9989 to speak to a licensed
term disability policy, you may receive: paid for by NXP—there is no charge to you. professional counselor.
• Benefits starting on the eighth calendar As a participant in the basic life insurance Travel Assistance
day after you become disabled program, you have access to the following
AXA Assistance provides travel assistance
• 75% of your eligible compensation for valuable tools and resources:
to employees and their families when
the first 90 calendar days (or 65 business traveling for business or pleasure.
Online Will Preparation Service
days, whichever is less) Call (800) 454-3679 or visit
An interactive resource provided through
• 60% of your eligible compensation for webcorp.axa-assistance.com
MetLife will assist you in preparing a will,
the next 90 calendar days (or 65 business (Username: axa Password: travelassist)
living will or power of attorney. For more
days, whichever is less)
information, visit willscenter.com. Business Travel Accident and Accidental
ou can elect to take advantage of the
Y
Death and Dismemberment Insurance
short-term disability buy-up option to Delivering the Promise
increase your benefit. This option: In addition to basic life insurance, NXP
A service designed to help beneficiaries sort
also provides you with extra protection
• Provides an additional 15% through the details and serious questions
in case of accidental death, dismemberment
of income replacement regarding life insurance claims and future
or other accident while traveling for
financial needs. MetLife representatives
• Costs $0.19 per $100 of covered business. There is no cost to you for this
are available to provide in-person or
compensation program and no need to enroll. Coverage
telephone assistance to beneficiaries and
Short-term disability buy-up can be is provided under two separate plans:
their family members, in such areas as:
changed only during Annual Enrollment. the Accidental Death and Dismemberment
• Filing life insurance claims and (AD&D) Insurance Plan and the Business
Long-term disability is available after government benefits Travel Accident (BTA) Insurance Plan.
180 days of disability at no cost to you.
You receive 60% of your base salary, • Locating grief counseling and You’ll see your specific coverage levels
support resources at NXP.com/rewards.
up to $10,000 per month. California
benefits will vary based on state laws. • Identifying important issues, including
outstanding documents that need
to be updated
• Planning for current and future
financial needs
12 NXP Employee BenefitsDI SAB ILIT Y AND LIFE I NSUR ANCE
SUPPLEMENTAL LIFE INSURANCE DEPENDENT LIFE INSURANCE
To increase the amount of your life insurance, you may enroll in You may also elect optional life insurance coverage for your
supplemental life insurance. spouse/domestic partner and child(ren).
The cost of this optional coverage is based on your age, your Spouse/Domestic Partner Life Insurance
salary and tobacco use (see chart below). You have a choice of spouse/domestic partner life insurance
benefit levels, up to $250,000 or the level of your combined
You can elect supplemental life insurance coverage of one
basic life and supplemental life coverage, whichever is less.
to eight times your annual eligible earnings, up to $1,500,000.
Depending on the coverage you select, you may be required Spouse/Domestic Partner Life Insurance Coverage Options:
to provide evidence of insurability, which could include a
• $25,000 • $100,000 • $200,000
physical exam.
• $50,000 • $150,000 • $250,000
Employees enrolling in supplemental life will have access to
Estate Resolution and Will Preparation Services, listed below, Child Life Insurance
as well as the tools and resources shown on p. 12 under Basic Life insurance coverage for children is available at a fixed
Life Insurance. level of $15,000, with no requirement to provide evidence of
insurability. All of your eligible children will be included in this
Supplemental Life Insurance Monthly Contributions coverage, with no increase in contribution.
(cost per $1,000 of coverage)
Spouse/Domestic Partner Life Insurance Monthly Contributions
AGE NON-TOBACCO TOBACCO (cost per $1,000 of coverage)
Under 30 $0.032 $0.047
AGE NON-TOBACCO TOBACCO
30–34 $0.038 $0.056
Under 30 $0.032 $0.047
35–39 $0.045 $0.063
30–34 $0.038 $0.056
40–44 $0.058 $0.097
35–39 $0.045 $0.063
45–49 $0.098 $0.150
40–44 $0.058 $0.097
50–54 $0.153 $0.230
45–49 $0.098 $0.150
55–59 $0.255 $0.432
50–54 $0.153 $0.230
60–64 $0.333 $0.674
55–59 $0.255 $0.432
65–69 $0.400 $1.210
60–64 $0.333 $0.674
70 and up $0.400 $2.060
65–69 $0.400 $1.210
Estate Resolution Services 70 and up $0.400 $2.060
Estate representatives have access to legal services related to
probating an estate, including:
Child Life Insurance Monthly Contribution
• F ace-to-face consultations
• Documentation preparation and representation at court COVERAGE LEVEL
proceedings
$15,000 $2.05
• Correspondence and tax filings
Call Hyatt Legal Plans at (800) 821-6400 for more information.
ill Preparation Services
W
Meet face-to-face with an attorney to complete the process
of creating or updating a will, including complex wills and
supplements to a will, for both employees and their spouses.
Call Hyatt Legal Plans at (800) 821-6400 to get started.
13 NXP Employee BenefitsWORK AND LIFE BAL ANCE
RESOURCES FOR LIVING LEGAL ASSISTANCE PLAN
Resources for Living offers support for NXP’s Legal Assistance Plan, administered by Hyatt Legal, offers you and your family easy and
all aspects of your life. The resource and low-cost access to attorneys for advice and consultation on a variety of personal legal issues.
referral program has a wide range of tools, When you use a Hyatt network attorney for covered services, all attorney fees are covered
resources and information to help you by the legal plan. There is no limit to the number of covered services, including telephone
better manage your work and personal advice, office consultations and beginning-to-end trial representation, you can receive as long
life. A call connects you with a trained as you remain enrolled in the plan. Below is a brief list of covered services:
specialist who can provide assistance
with child care and elder care services, • Family & Personal
education or caring for yourself or your • Money Matters
home. Resources for Living topics and • Vehicle & Driving
services include:
• Home & Real Estate Matters
Child Care and Parenting: Locate resources
• Civil Lawsuits
within your budget and near your home
• Wills, Estate and Future Planning
Family: Receive educational kits with free
products and information for children and • Elder-care
elderly parents Please note: Some matters, including employment-related matters, are excluded.
Education: View online seminars on The plan includes coverage for yourself, your spouse/domestic partner and your dependents.
a variety of topics The cost is $16.50 per month paid via after-tax payroll deductions.
Financial Resources: Review tips on how to To learn more, visit the Hyatt Legal information center at info.legalplans.com
maximize your savings and increase wealth (Access code: NXP). Or, call the Hyatt Legal Client Service Center at (800) 821-6400.
Daily Life: Discover useful tips and resources
TIME AWAY PROGRAM
For more information on this valuable
NXP has a Paid Time Off (PTO) Program, which gives you a bank of time—based on your NXP
service, visit resourcesforliving.com,
service—to use for any purpose.
(Username: NXP, Password: member).
With PTO, your vacation and sick days are combined, so you can take time off when you need
If you have any questions, call
to—regardless of the reason. This approach gives you more flexibility in balancing the demands
(866) 702-7435.
of work and family life. You can use PTO days for a variety of situations, including caring for a sick
child, taking your dog to the vet, chaperoning a school trip—or an occasional personal day.
ADOPTION ASSISTANCE
At NXP, you are eligible to receive If You Live Outside of California
reimbursement of up to $8,000 per Full-time active employees are credited with PTO on the 10th day of each month, as follows:
child in eligible adoption expenses.
Eligible Expenses Include:
Years of Service PTO Monthly Accruals PTO Annual Accruals
• Public or private adoption agency fees
• Foreign and international adoption fees First Year through Year 7 1.83 PTO Days (14.67 hours) 22 PTO Days (176 hours)
• Legal fees associated with an adoption
Years 8 – 14 2.25 PTO Days (18 hours) 27 PTO Days (216 hours)
• Court fees associated with an adoption
Years 15 and beyond 2.67 PTO Days (21.34 hours) 32 PTO Days (256 hours)
• gency or legal fees associated
A
with temporary foster care
If You Live in California
eDEALS PTO is handled differently in California, as shown in the chart below, so if you live in California,
eDeals is an online discount program make sure and go to NXP.com/benefits and click on the Time Away Benefits link for details.
for perks to enhance your lifestyle. This
employee purchasing program gives you
access to exclusive shopping events and PTO Monthly PTO Annual PTO Maximum Accruals
Years of Service
one-of-a-kind discounts on thousands Accruals Accruals (PTO CAP)
of brand-name products and services.
With eDeals, you can save on almost 1.83 PTO Days 22 PTO Days
ever ything—groceries, movies, First Year through Year 7 33 PTO Days (264 hours)
(14.67 hours) (176 hours)
appliances, cars, clothes, electronics,
vacations and personal care. To 2.25 PTO Days 27 PTO Days
Years 8 – 14 40.5 PTO Days (324 hours)
access your NXP discounts visit (18 hours) (216 hours)
NXP.corporateperks.com/login.
Years 15 2.67 PTO Days 32 PTO Days
Use your @NXP.com email address 48 PTO Days (384 hours)
and beyond (21.34 hours) (256 hours)
and the password “perks” to register.
14 NXP Employee BenefitsSavings and Wealth
4 01(K ) R ETI R EMENT PL AN
Features of the Plan Investment Options
• Immediate eligibility and automatic You decide how to invest your 401(k)
enrollment funds. Your account balance includes
• Company match your contributions and any contributions
made by NXP, adjusted for any
• Pre-tax and/or Roth (after-tax)
NXP’s 401(k) Retirement employee contributions
investment returns or losses.
• Auto-escalation feature allowing As with any investment, there are no
Plan is designed to help guarantees. Each of the funds described on
you to automatically increase your
you build your wealth contributions by 1% or more each year the following page is subject to fluctuations
in value as financial markets respond to
through long-term savings, • Catch-up employee contributions economic, social and political conditions.
• Immediate vesting
and accumulate the funds • A choice of investment options
• You may invest in your 401(k) on a
pre-tax and/or Roth (after-tax) basis.
you’ll need when you’re • L oans or hardship withdrawals when • You can change your investment
no longer working. you need access to your money while
still working at NXP
election or transfer balances between
investment funds at any time, within the
trading policy guidelines.
Participating in the Plan
• You can elect to automatically rebalance
• You’re automatically enrolled to
your portfolio every 90 days with the
contribute 5% of your eligible
auto-rebalance feature.
compensation unless you elect to
change your contribution amount or • You can find more information about
choose not to participate within the the plan investment options, including
first 30 days of your employment. the trading policy and performance
Certain individuals (e.g., contractors, history of the investment funds, at
consultants or leased employees) are NXP.com/rewards.
not eligible to participate in the plan.
Self-Directed Brokerage Account
• You may contribute up to 75% of your
You may invest a portion of your 401(k)
eligible compensation, not to exceed
account balance in the self-directed
the IRS limit of $18,000 for 2016.
brokerage account through Hewitt
• If you’re age 50 or older during the Financial Services. Features of this
plan year, you may make catch-up account include:
contributions of up to $6,000.
• You can invest in a broad range of
• You’ll have continuous access to your securities, including individual company
account statements. To see how your stocks and mutual funds from more than
accounts/investments are performing, 300 fund families.
visit NXP.com/rewards.
• Your cost is $20 each quarter, plus
NXP Matching Contribution trading fees.
NXP will match your personal • You will have access to mutual fund
contributions, dollar for dollar, up analysis from Lipper, as well as mutual
to 5% of your eligible compensation. fund and stock search tools.
And, you’re immediately vested in
the NXP company match. Loans and Withdrawals
Although the purpose of the 401(k) is to
Let’s say you contribute 5% ($2,500)
help you save for retirement, loans and,
of your $50,000 salary to your 401(k).
under some circumstances, withdrawals,
NXP will match your $2,500 dollar for
are available to help you meet your
dollar (or another $2,500) for a total
financial needs.
annual contribution of $5,000 (yours
and NXP’s). • You may have only one loan from the
Plan at a time.
• The minimum loan amount is $1,000.
15 NXP Employee Benefits• The maximum loan amount is 50% of Investment Options
your vested account balance or $50,000
minus your highest outstanding loan FUND NXP INVESTMENT FUND DESCRIPTION RISK
balance in the preceding 12 months,
whichever is less. Stable Value Combination of short-term, fixed-income securities such LOWEST
as U.S. Treasury bills, guaranteed insurance contracts and
• There is a $50 fee for each new loan. bank investment contracts. Seeks growth through short-
You repay yourself, with interest, term income.
at the prime rate + 0.5%, through
payroll deductions. Intermediate Combination of U.S. Treasury bills, certificates of deposit,
Bond corporate bonds, government bonds, mortgage and asset
• You can read more about taking a loan backed securities. Seeks long-term growth through short-
or withdrawal at NXP.com/rewards. to long-term income.
Access to Your Money Global Bond Consists of a range of fixed income sectors, including
global investment grade and high yield corporates,
You have various payment options to emerging market debt and other global credit spread
receive your account balance when you sectors. Seeks long-term growth through intermediate
leave NXP. to longer-term income.
You can receive all or a portion of Balanced Fund Combination of stocks, bonds and cash equivalents.
your account balance in a lump sum, Seeks long-term growth through capital appreciation
roll over into another tax-qualified and income.
employer’s plan, or roll over into a
traditional or Roth individual retirement Large Company A diversified portfolio of large company common stocks,
Value with potential to provide dividend income and some
account (IRA).
capital appreciation through value-oriented stocks.
You can read more about your payment
S&P 500 Index Contains large company domestic common stocks seeking
options and request payments at
to replicate the S&P 500 Index.
NXP.com/rewards.
Large Company A diversified portfolio of large company common stocks
Additional Resources Growth that seeks to provide some capital appreciation through
• GuidedChoice®, an independent growth-oriented stocks.
investment advice service, can help International Equity securities of non-U.S. common stock with
you plan for retirement by using their Value potential of providing dividend income and some capital
online application, GuidedSavingsSM, appreciation through value-oriented stocks.
a personalized advisory service that
can help you decide how much to save International Contains equity securities of non-U.S. common stocks
Stock Index seeking to replicate the FTSE All Cap Global ex US Index.
and which funds to invest in to meet
your retirement income goals. International Equity securities of non-U.S. common stock with
Advice is free or you also have the Growth potential of providing capital appreciation through
option of selecting the managed growth-oriented stocks.
account service for a reasonable fee. Small/Mid Combination of two investment managers investing
GuidedChoice also provides a Company Value in mid and small company common stocks that seek
retirement income solution through to provide dividend and capital appreciation through
its GuidedSpending SM service. value-oriented stocks.
GuidedSpending is an online advisory Small/Mid Contains small and mid-sized company domestic stocks
resource that answers the question Company Index seeking to replicate the S&P Completion Index.
of how much you can spend per
month in retirement, and provides Small/Mid Combination of two investment managers investing in mid
Company Growth and small company common stocks that seeks to provide
a tax-efficient withdrawal strategy.
capital appreciation through growth-oriented stocks.
For more information, visit Emerging A diversified portfolio of international common stocks
NXP.com/rewards. Market Stock solely invested in emerging market countries that seeks
to provide capital appreciation through emerging market
• Aon Hewitt’s Personal Finance value-oriented stocks.
Center provides financial education
to help you make decisions for your Self-Directed Provides the opportunity to invest in a broad range
Brokerage of investments including individual stocks and access HIGHEST
financial future. Some topics include
Account to mutual funds from nearly 300 fund families.
retirement savings, education saving
and managing debt. Get more
information at NXP.com/rewards
or call (888) 375-2367.
16 NXP Employee BenefitsSavings and Wealth
SHAR E SUCCESS PL AN
The NXP Share Success Plan is an • The contribution rate percentage
Employee Stock Purchase Plan (ESPP) is withheld each pay period.
that allows employees to purchase NXP • NXP designates E*TRADE to administer
stock at a 15% discount. The purchase participant accounts online and provide
price will be 85% of the closing price of brokerage services. All shares purchased
NXP stock on the last trading day.
By enrolling through payroll deductions,
will be deposited in the participant’s
online E*TRADE account.
Share
you can have purchases made twice a • The Plan provides for “Automatic SUCCESS
year and can build your wealth through Enrollment” from Savings Period
ownership of NXP stock. to Savings Period—meaning that
participation continues at the same
Plan Eligibility
contribution percentage (%) rate for
Generally, all regular full-time and part- consecutive Savings Periods, until a
time employees of NXP or one of its participant withdraws or suspends
group companies are eligible to enroll. their participation. This is also referred At the end of the Savings Period,
Temporary employees, contractors and to as an “Evergreen Election.” the savings you have accumulated
executives are not eligible.
• Participants may suspend saving over the six-month period are used
contributions during a Savings Period to purchase NXP shares at a 15%
Participating in the Plan discount. The maximum saving
by notifying E*TRADE at least 15 days
• You can enroll during the months of amount per calendar year—allowed
prior to the next payroll withholding
January and July for the upcoming by tax laws governing this plan—
date. Previous savings may still be
Savings Period. is $21,250 USD.
applied toward the purchase.
• Employees who become eligible to
• Participants may withdraw at any time This means that with the 15%
enroll after the end of an enrollment discount in the purchase price, you
during a Savings Period, stopping
period must wait to enroll in the next can purchase up to $25,000 USD of
payroll deductions and canceling any
six-month Savings Period. NXP stock value for 85% of the cost.
purchase possibilities for that Savings
• You can elect to save a percentage Period. All savings withheld for that There is no requirement in the Plan
of your gross (pre-tax) base salary period will be refunded. Withdrawals to own the stock for any length of
through payroll deductions. This must be made at least 15 days prior time before you sell or dispose of it.
contribution rate can be from 2% to the Purchase Date by notifying However, to take advantage of any
to 10% of your base salary, and cannot E*TRADE. favorable capital gains tax rates, stock
be increased or decreased during the
• Upon suspension or withdrawal, you typically does need to be held for a
Savings Period.
will not be automatically re-enrolled specified period of time to qualify
for the next Savings Period. for lower capital gains tax rates.
Please confer with your personal tax
advisor about the Plan.
SAVI NGS PER I ODS
There are two Savings Periods every year, each lasting six Initial participation begins the first full six-month Savings
calendar months: Period following eligibility qualification. There is no
1) March to August minimum service requirement. Withholding amounts
2) September to February are applied to purchase NXP shares twice a year.
SAVINGS PERIOD 1 SAVINGS PERIOD 2
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
Purchase Purchase
Enrollment Enrollment Date Enrollment Date
Period Period Withdrawal Period Withdrawal
cut off data cut off data
17 NXP Employee BenefitsYou can also read
