2024 BENEFITS SUMMARY FOR ISRAELAll employees are eligible for most benefits programs from the first day of employment.

Public holidays: The public holidays are paid by onsemi. They are different each year but the average number
is 13 days (include some holidays with half day off)
Vacation: 22 days minimum and one additional day per working year up to a maximum of 28 days. Thesedays can be carried over for a period of max 1 year, otherwise they are forfeited.
Holiday bonus: twice a year each employee receives a holiday bonus of 500 NIS net for New Year and 750
NIS net for Passover. These bonuses are taxable through payroll.
Annual salary: The annual salary is paid in 12 equal monthly installments.
Retirement Insurance (including disability insurance):
The employee shall be entitled to contributions to a pension arrangement of the employee's choiceonsemi shall contribute:(i)

8.33% of the Salary towards the severance pay component; and(ii)6.5% of the Salary towards the pension component. In the case the Employee is insured in amanagers insurance policy or a provident fund (which is not a pension fund), the said rate shall
include the rate of contributions towards the disability insurance, as in effect from time to time,ensuring loss of earning payment of 75% of the Salary but no less than 5% towards the pension
component, all subject to the terms of the Extension Order regarding the Increase of Pension
Contributions - 2016 (the "Pension Order 2016"). In accordance with the terms of the Pension
Order 2016, if the said rate shall not be sufficient to insure the Employee in disability insurance,
the total rate of contributions shall increase up to 7.5% of the Salary.

The employee shall contribute 6% of the Salary towards the pension component. Employee contributions arededucted through payroll.
The balance of the saving deposits (incl. profits) will be available at retirement or earlier in case of terminationof the contract (unless the termination has a criminal cause).
Health Insurance: the employee is eligible for a health insurance allowance for employee, spouse and children
under the age of 18 to cover for a complementary private family health insurance. This is a taxable benefit inkind.
Sick pay: Additional to what the law provides onsemi will pay 100% of the salary during the first three days ofsickness.
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 lump sum paid out in case of accidental death, in the event ofaccidental permanent disability
This insurance is paid for 100% by onsemi.
Advanced Study Fund: onsemi will make payments to the Advanced Study Fund at the rate of 7.5% of themonthly base salary
The employee contribution to the fund is at the rate of 2.5% (deducted from the monthly salary).
The balance of saving deposits will become available, free of tax, after 6 years (on request). Withdrawals fromthe fund before completion of six years will be payable after deduction of income tax.

Global Incentive Programs (corporate policies):▪ 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: Employees in sales with commercial targets are eligible to commission. Thetarget payout is a % of the total target compensation.

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 a car
allowance.
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.

Dalkan device (fuel): Employees with a company car are entitled to a Dalkan device. The Dalkan device canonly be used in Israel.
Cafeteria: The employee receives a meal card that can be used all week.
▪ Maximum budget of 1.495 NIS per month (pro rata in case of part-time employment or long-term
disability):▪ Employer contribution 75% of the cost of the meal
▪ Employee contribution 25% of the cost of the meal
The employer contribution is a benefit in kind for the employee. The employee contributions are processed
through payroll.
Recovery or convalescence pay: all employees who are employed for more than one year are entitled to anannual payment for convalescence. The minimum period is between five and ten days per year. The rate perday is by a law defined amount.