Array BioPharma offers an excellent compensation package including competitive salary, company ownership, discretionary bonus, 401(k), and comprehensive benefits. Regular employees are eligible for the following benefits:
Array’s group health plans includes medical, prescription, dental and vision insurance. The plan offers HSA and PPO options that provides comprehensive medical coverage.
Life Insurance/AD&D and Voluntary Supplemental Life Insurance
Employees are covered by group life insurance through the company and also for accidental death and dismemberment coverage. Employees are also offered the opportunity to purchase voluntary life insurance at competitive rates for themselves and their family members.
Short-Term Disability and Long-term Disability
After an illness or injury of seven consecutive calendar days, employees will receive full salary during the first 83 calendar days of a medically-authorized disability or illness. Employees are also covered by long-term disability insurance that allows for a portion of salary after 90 continuous days of medically-authorized disability.
Employee Assistance Program
Employees and their household members are entitled to free, confidential assistance for personal issues that may be affecting family, work performance, or home life. There are also services for legal and financial issues.
Voluntary Long-Term Care Insurance
Employees are offered the opportunity to purchase long-term care insurance at competitive rates for themselves and family members, including parents.
Health Savings Account
Allows employee covered on the High–Deductible Health Plan to pay for eligible healthcare expenses with pre–tax money, through payroll deductions. Array BioPharma contributes an initial amount to the account, and employees may elect to contribute up to the IRS – defined maximum each year.
Flexible Spending Program
Health Care Spending Account – Allows employees to pay for eligible healthcare expenses with pre-tax money, through payroll deductions.
Dependent Care Spending Account – Allows employees to pay for eligible dependent care expenses with pre-tax money, through payroll deductions.
Employees may contribute up to 60% of their gross salary pre–tax or post–tax annually through payroll deductions. The Plan allows employees to choose from approximately twenty fund alternatives for their contributions. Employees' contributions are always 100% vested. Array will provide matching funds equal to 100% up to the first 4% that the employee contributes. Matching funds vest over a 4–year period, 25% each year. Employees are eligible to enroll on the first day of any calendar quarter after their hire date.
Employee Stock Purchase Plan (ESPP)
All regular full- and part-time employees are eligible for the ESPP. Employees may contribute between 1% and 15% of their salary after-tax through payroll deductions to purchase Array stock at a discounted price. Employees are eligible to enroll effective January 1 or July 1 for the annual purchase in December.
Educational Assistance Program
Employees are eligible for educational assistance for pre-approved courses or degree programs taken at an accredited institution that increase their job knowledge and skills which further career growth. If an acceptable passing grade is received, employees will be reimbursed for tuition, books and lab charges, if any, incurred in connection with courses, less any financial aid received from other sources. This benefit is subject to IRS rules and limitations.
Array provides its employees with eight paid holidays and two floating holidays per year.
During the first five years of continuous, full-time employment, Array employees accrue five hours of vacation per pay period, up to a maximum of 120 hours per year. During the sixth through tenth years of service, employees earn an additional eight hours annually for each year of service in excess of five years, up to a combined maximum of 160 hours per year. The maximum amount of vacation that may be accrued is 240 hours.
Array employees are provided up to two paid personal days each calendar year for short-term absences of a personal nature. Personal days do not accrue or carry over to the next year.
Array BioPharma recognizes it is our responsibility as a good corporate citizen to help enrich our surrounding communities of residence and work. We encourage our employees to volunteer up to 8 hours/year of their time in support of nonprofit 501(c)(3) organizations.
*The information contained herein is for informational purposes only and subject to change without notice. This document is just an overview.