ADE Corporation Benefits Benefits Medical Plan ADE Corporation offers eligible U.S. employees a comprehensive medical plan through a national network of preferred provider organizations. The plan includes vision, chiropractic and acupuncture benefits. Coverage is effective on date of hire. Evidence of other coverage is required, and reimbursement is paid on a quarterly basis. Dental Plan Dental coverage is also available to eligible employees, and self-funded by the company.
Coverage is effective on date of hire.
Participants may contribute up to 16 percent of their salary. ADE matches 50 cents on the dollar for the first 6 percent of employee contributions. Vesting schedule is an incremental 25 percent after each full year of service with full vesting after 4 years. Participation eligibility requires than an employee work a minimum of 1,000 hours per year, and is 21 years of age. Stock Purchase Plan Employees are able to purchase shares of ADE Corporation common stock at a 15 percent discount through regular payroll deductions.