This coverage is available after 180 days of medical disability. An employee who is required to be absent from work in order to serve as a juror will be paid at his or her regular rate of pay up to a maximum of 20 days within a calendar year period. Evidence of jury duty attendance must be presented to the company. Employees may elect to invest this tax-deferred money in any of the funds available through Charles Schwab. The plan also includes a loan feature.
Employees are eligible to enroll in the plan during the first enrollment period after hire.
Enrollments are held quarterly. The Internal Revenue Code Section 125 has allowed Verity to give employees the opportunity to shift certain employee paid benefits from a taxable income status to a before tax status. Employees may elect to participate in this plan upon hire. The bonus is payable two months following the end of the Company's fiscal year. Employee Stock Purchase Plan Verity's Employee Stock Purchase Plan allows employees the opportunity to acquire ownership in the Company by purchasing Company common stock through accumulated payroll deductions.