2024 ITALY BENEFITS SUMMARY
Employees are eligible for most benefits programs on the first day of employment.

Holidays: Employees are entitled to be paid for the national bank holidays as well as certain local municipalbank holidays.
Vacation: Employees (quadri & impiegati) are entitled to a minimum of 22 days of vacation (prorated new hires)and 88 hours of permissions as from the 5th year of employment (1st & 2nd year 32 hours, 3rd & 4th year 60 hours),
while managers (dirigenti) are entitled to 30 days of vacation (prorated new hires) and 32 hours of permissions
per year (for a full-time employment).
Supplementary Salary: The salary is paid in 14 installments. The 13th installment is paid in December and the14th installment is paid in June. The supplementary salary corresponds to a monthly salary paid during the year.
Meal vouchers: Employees receive a meal voucher per worked day for a total value of 9€ per voucher.
Retirement: Employees (quadri & impiegati) have the possibility to join the complementary pension fund Fon.te.
The optional employee contribution of 0,55% will be matched by an additional employer contribution of 1,55%.
For dirigenti the NCA grants private pension benefits through the funds Mario Negri.
Healthcare insurance: In case of hospitalization, the insurance company refunds the expenses supplied
according to insurance terms, maximum rates and supplied rates. Additional services, such as pre and post
hospitalization fees, clinic transfer, oncology therapies, visits and exams by a specialist, dental costs …are paidback up to a certain max. The premium for the employee is paid for by onsemi
Illness or short-term disability: This is covered through the National Collective Bargaining Agreement of thetrade sector. Where an employee’s absence from work for reasons of illness or injury is justified and they provide
evidence of the illness or injury, they will not lose any rights.
 Managers (dirigenti) are paid 100% of the regular salary by the employer the first 12 months.
 Employees (quadri & impiegati) are entitled to the following payouts:
 from day 4 to day 20, the employee has the right to an indemnity of 50% of daily normal salary from day 21, the employee has the right to an indemnity of 66% of his/her normal salary.
This indemnity is charged to the National Social Security Institute (INPS) and simply advanced by theemployer. onsemi shall increase the INPS's treatments, if any, up to: 100% of salary from 1st to 3rd day of sickness
 75% of salary from 4th to 20th day of sickness
 100% of salary from the 21st day on.
Permanent disability or death: National Security: For total disability, the disability pension calculation uses projected or current
accrued retirement benefits depending on the disability %. In case of death, INPS pays widow and/ororphan pensions.
 Accident insurance: The policy covers permanent disability arising out of occupational and nonoccupational accidents and accidental death (24 hours coverage).
 Quadri & Impiegati: Lump sum of 4 times salary payable in the event of accidental death (2024 max850.000€)
 Lump sum of 5 times salary payable in the event of accidental permanent disability(2024 max 1.100.000€)

Dirgenti:
 Lump sum of 5 times salary payable in the event of accidental death (2024 max3.950.000€)
 Lump sum of 6 times salary payable in the event of accidental permanent disability(2024 max 4.740.000€)
The premium is paid 100% by onsemi.

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Illness insurance: The policy covers permanent disability due to illness.
 Quadri & Impiegati: Lump sum of 2 times annual gross salary (2024 max 619.749€)
 Dirgenti:
 Lump sum of 2 times annual gross salary (2024 max 1.600.000€)
The premium is paid 100% by onsemi and considered as a benefit in kind.

Global Incentive Programs / Benefits:
 Science & Technology publications program Patent recognition program Corporate Incentive Plan: Non-Sales employees are eligible to the corporate bonus program. Thetarget payout is a percentage of the base salary and linked to the pay grade.
 Sales Incentive Plan: Sales employees with commercial targets are eligible to commission. The target
payout is a percentage of the total target compensation.
 Worldwide accident insurance: Applicable in case an accident occurs during a business trip: Lump sum of 3x salary payable in the event of accidental death (limit 1,000,000$)
 Lump sum between 25% & 100% of the compensation paid out in case of accidental death in theevent of disability (% depends on type of disability)
This insurance is paid for 100% by onsemi.
EMEA policies:
 Employee Referral Program Bonus: The program pays a bonus to employees who make a referral
to a suitable candidate that leads to a successful hire.
Company car: The employees with a salary grade 15 and above are eligible to a company car or carallowance.
Sales employees in the following positions are eligible as well: field application engineers, field salesengineers, field application system engineers, sales account managers, global account managers,
sales directors and VP sales.
The lease budget is available in the EMEA car policy. Employees with a company car are entitled to afuel card. The fuel card can only be used in Italy and the surrounding countries. Employees who areeligible for a company car have the choice between company car or car allowance.