JAN. 1, 2015 DEC. 31, EQUINIX U.S. BENEFITS 2015 EQUINIX BENEFITS BOOKLET. Equinix.com

Transcription

1 JAN. 1, 2015 DEC. 31, EQUINIX U.S. BENEFITS 2015 EQUINIX BENEFITS BOOKLET Equinix.com

2 TABLE OF CONTENTS Equinix America s Benefit Philosophy... 3 EquiLife... 4 Equinix Benefits At-A-Glance... 6 Eligibility / Qualifying Event... 7 How to Enroll in Benefits... 8 Contributions... 9 Medical Plan Options Understanding the Cigna HRA Plan Medical Plan Comparison Cigna Prescription Drug Program Additional Cigna Programs Dental Vision Pre-Tax Spending Accounts Life & Accidental Death and Dismemberment (AD&D) Insurance Voluntary Life and AD&D Insurance Disability Insurance Employee Assistance Program (EAP) Other Financial Benefits Paid Time Off (PTO) and Holidays Required Notices Important Benefit Contacts TABLE OF CONTENTS Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

3 EQUINIX AMERICA S BENEFIT PHILOSOPHY America s Benefit delivers programs to a multi-generational workforce and their families that help prepare them to thrive in an ever-changing environment and provide valuable options that help meet specific needs. We do this through EquiLife, an integrated health and well-being approach that builds awareness of health and behavior risks and engages individuals to pursue healthier behavior and lifestyle choices. We value our employees and want them to be at their best mentally and physically at work, at home and at play. Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT EQUINIX AMERICA S BENEFIT PHILOSOPHY 3

4 EQUILIFE EquiLife is an integrated health and well-being approach that builds awareness of health and behavior risks and engages employees to pursue healthier behavior and lifestyle choices. We value our employees and their families and want them to be at their best mentally and physically at work, at home and at play. The EquiLife CONNECT site includes all of our health and welfare programs and provides you and your family easy access to all of the tools, resources and information to help you be your best. EquiLife is offered at no cost to employees as an enhancement to our competitive suite of benefits. Login Instructions Start Registration Visit equilifeconnect.com, click start registration Enter your Employee Assigned ID. First initial of first name, last name and the last 4 digits of your SSN. Example: JSmith1234 Enter the Equinix Account Number: H Enter your date of birth: MM/DD/YYYY Set up two Security Questions Create a username and password. Must be at least six characters with at least two numbers and one special character 4 EquiLife Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

5 Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT EquiLife 5

6 EQUINIX BENEFITS AT-A-GLANCE BENEFIT PRODUCT PLAN OR COVERAGE OPTION Health Benefits Medical Dental Vision Flexible Spending Accounts (Pre-Tax) Cigna Choice Fund Open Access (HRA) Cigna Open Access (OAP) Cigna Network Plan Kaiser HMO CA Only MetLife Core Dental MetLife Buy-Up Dental VSP Core Vision VSP Buy-Up Vision Health Care FSA: Up to $2,500 per year Dependent Care FSA: Up to $5,000 per year (or $2,500 if you are married and file separate tax returns) Basic Life and AD&D 2x annual earnings, max $750,000 Voluntary Life and Accident Insurance Can be purchased to supplement your basic life coverage for: Employee Spouse/DP (Voluntary Life Only) Child (Voluntary Life Only) Life Benefits Employee Assistance Program (EAP) 401(k) Confidential consultation on personal issues, expert legal advice and resources, work-life balance issues, financial information and advice. Contribute pre-tax dollars up to the IRS maximum. Equinix will match 50 cents on every dollar of your pre-tax contributions up to 6% of your eligible earnings. Short Term Disability Benefit of up to 66 2/3% of your weekly pay to a maximum of $3,462 a week for up to 26 weeks if you become disabled Long Term Disability Commuter Benefits Employee Stock Purchase Plan (ESPP) Benefit of up to 66 2/3% of your monthly pay to a maximum of $15,000 a month if your disability extends beyond 180 consecutive days Employees may elect up to $130 per month for mass transit and up to $250 per month for eligible parking with pre-tax dollars. Contribute 1% to 15% of your annual earnings to purchase discounted Equinix common stock. Paid Time Off Paid Time Off (PTO) for vacations, illness, or personal time. Employees accrue 3, 4 or 5 weeks of PTO per year, depending on years of service. Tuition Reimbursement Build or improve skills you need to develop your career through a generous program providing up to $4,000 per calendar year. 6 Equinix Benefits At-A-Glance Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

7 ELIGIBILITY / QUALIFYING EVENT Eligibility and Enrollment All employees who are regularly scheduled to work 20 or more hours per week are eligible for benefits. When Coverage Begins When you join the team at Equinix, your employee benefits begin on the first day of the first month following the day you start. Who is Eligible? You have the option to enroll eligible dependents for health care benefits, including: A spouse or domestic partner Children or children of your domestic partner; up to age 26. Dependent children without self-support due to a disability. Making Changes to Benefits Qualifying Events You cannot add or drop coverage until the next Open Enrollment period, unless you have a change in family status or experience another qualifying event and your benefit changes must be consistent with the specific life event. Qualifying Events include: Marriage or divorce Birth or adoption of a child Change in spouse s employment status Death of a spouse or dependent More information on qualifying life events can be found on the EquiLife CONNECT site under Health Benefits Enrollments, Changes, General Information Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Eligibility / Qualifying Event 7

8 HOW TO ENROLL IN BENEFITS How to Enroll Two ways to enroll: 1. or 2. If you are logged into the Equinix Network go to: com/group/equinix/sso 1 On the landing page, under Bulletin Board, click on Enroll in/access benefits information here when you are ready to enroll in your benefits. Enroll in Benefits 2 When you login for the first time you will be taken to the New Account Set up page where you will complete your personal information. 3 After adding and reviewing your personal information, click next to continue and begin your benefits enrollment process. 4 To begin your enrollment process, click Benefits Enrollment then choose the plan you wish to enroll in and select the dependents you wish to enroll. Click on the next plan to continue your election process. 5 Confirm your elections by clicking Finalize Enrollment Elections at the bottom of the page. A confirmation will be sent to you once you finalize your enrollment. 8 How to Enroll in Benefits Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

9 CONTRIBUTIONS 2015 Monthly Employee Contributions PLAN EMPLOYEE EMPLOYEE + SPOUSE/DOMESTIC PARTNER EMPLOYEE + CHILD(REN) FAMILY Cigna Choice Fund OA Plus (HRA) Cigna Open Access Plan (OAP) $0.00 $95.00 $80.00 $ $ $ $ $ Cigna Network $ $ $ $ Kaiser HMO (CA Only) MetLife Dental Core Plan MetLife Dental Buyup Plan VSP Vision Core Plan VSP Vision Buy-up Plan $ $ $ $ $10.00 $25.00 $20.00 $40.00 $30.00 $65.00 $50.00 $95.00 $0.00 $0.00 $0.00 $0.00 $15.00 $20.00 $20.00 $30.00 Pre-Tax Contributions Your contributions for medical, vision, dental and flexible spending accounts, as well as your contributions to the 401(k), are taken on a pre-tax basis. After-Tax Contributions Employee and Dependent Voluntary Life contributions are taken on an after-tax basis. Contributions for a Domestic Partner Keep in mind that if you cover a domestic partner, the cost per pay period for medical, dental and vision coverage for your domestic partner is taxable for both federal and state taxes (unless you reside in a state that recognizes domestic partnership, and you and your domestic partner are registered according to the state law). Opt-Out Credit If you receive coverage elsewhere and opt-out of the Equinix medical, dental, and vision plans you will receive a $200 credit per month. Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Contributions 9

10 MEDICAL PLAN OPTIONS Medical Plans Offered Equinix offers four different medical plans for you to choose between. All of our plans provide comprehensive coverage and access to a network of doctors. Refer to the benefit summaries on EquiLife Connect under the Health Benefits tab. CIGNA CHOICE FUND OPEN ACCESS PLAN (HRA) CIGNA OPEN ACCESS PLUS PLAN (OAP) CIGNA NETWORK PLAN KAISER HMO (CA ONLY) 10 Medical Plan Options Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

11 UNDERSTANDING THE CIGNA HRA PLAN What is an HRA? A Health Reimbursement Account (HRA) is a high-deductible PPO healthcare plan combined with a reimbursement account that is funded by Equinix. The HRA plan provides a way for employees to be better consumers of their own health care. How does an HRA work? The HRA is owned by Equinix and only Equinix can put money into this account. Equinix funds 50% of the annual deductible into this account. If you terminate employment with Equinix, you can t take the money with you. Once you ve used your funds and met the deductible, your coinsurance kicks in. If you don t use all of the money in the account, it will roll over into the next plan year, and Equinix will still fund 50% of the deductible into this account. Why you might want to choose the Cigna HRA Plan. The HRA plan has the lowest contribution of all of Equinix s health plans. The reimbursement account is funded by Equinix to help you pay some of the costs of eligible health care expenses. If you don t use all of the funds during the year, the remainder gets rolled over for future years, allowing you to save for future health care expenses. EQUINIX HRA FUNDING Employee Only Coverage: $750 Family Coverage: $1,500 Cigna Choice Fund HRA after $3,000 (in-network) Max you ll pay in-network (includes the deductible) Out-of-pocket Max Deductible Health Plan 90%/70% Your Share $750 (in-network) HRA $750 Preventive Care (in-network) Preventive Care is a routine checkup to aid in early detection of disease and to maintain health. Examples include annual physicals/exams, and age/condition-appropriate screenings and immunizations. Unused $ rolls over to next year Employee-only coverage Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Understanding the Cigna HRA Plan 11

12 MEDICAL PLAN COMPARISON KAISER HMO (CA ONLY) CIGNA NETWORK CIGNA OPEN ACCESS (OAP) CIGNA CHOICE FUND (HRA) FEATURE IN-NETWORK IN-NETWORK IN-NETWORK OUT-OF-NETWORK IN-NETWORK OUT-OF-NETWORK Monthly Payroll Contributions Employee Employee + Spouse Employee + Child Employee + Family $ $ $ $ $ $ $ $ $ $ $ $ $0.00 $95.00 $80.00 $ First You Meet the Plan Year Deductible Plan Year Deductible Employee Family None None None None $750 $1,500 $750 $1,500 $1,500 $750 $3,000 Employer Fund Towards Deductible $3,000 $1,500 $6,000 Employer Fund Towards Deductible Preventive Care Visits Well-child care, routine physical exam, screening tests, certain prenatal services Plan pays Plan pays Plan pays, Plan pays, deductible waived 30% 1 deductible waived 30% 1 Primary Care Office Visit $15 copay $15 copay $20 copay 30% 1 10% 1 30% 1 Specialist Office Visit $25 copay $25 copay $35 copay 30% 1 10% 1 30% 1 Outpatient Surgery $25 per procedure Plan pays 10% 1 30% 1 10% 1 30% 1 Emergency Care (Waived if Admitted) $150 per visit $150 per visit 10% 1 10% 1 10% 1 10% 1 Inpatient Hospitalization $250 per admit $250 per admit $250 per admit + 10% 1 30% 1 10% 1 30% 1 2 Then You Pay Coinsurance and/or Copays Urgent Care Visits Maternity Care Office visits Delivery (Inpatient) $15 copay $50 per visit 10% 1 10% 1 10% 1 10% 1 No Charge $250 per admit $15 copay $250 per admit 10% 1 30% 1 10% 1 30% 1 $250 per admit + 10% 1 30% 1 10% 1 30% 1 Occupational, Physical & Speech Therapy $15 copay $15 copay $20 copay 30% 1 10% 1 30% 1 Mental Health/Substance Abuse Inpatient Outpatient $250 per admit $15 copay $250 per admit $25 copay $250 per admit + 10% 1 $35 copay 30% 1 10% 1 30% 1 30% 1 10% 1 30% 1 Prescription Drugs Retail Generic/Brand/Non-Formulary Prescription Drugs Mail Order Generic/Brand/Non-Formulary $10/$30/N/A 2 $10/$30/$60 3 $10/$30/$ % 3 30%/40%/50% 1, 3, 5 50% 1, 3 $10/$30/N/A 2 $20/$60/$120 4 $20/$60/$ % 4 30%/40%/50% 1, 3, 5 50% 1, 4 3 Once you reach the Out-of-Pocket Maximum, Plan Pays Plan Year Out-of-Pocket Maximum Employee Family Lifetime Maximum $1,500 $3,000 Unlimited $1,000 $3,000 Unlimited $3,500 $7,000 Unlimited $6,500 $13,000 Unlimited $3,000 $6,000 Unlimited $9,000 $18,000 Unlimited 1 After Plan Deductible is met. 2 Up to a 100-day supply. 3 Up to a 30-day supply. 4 Up to a 90-day supply. 5 Generic prescription drugs that are on Cigna s pre-appproved list are covered at 12 MEDICAL PLAN COMPARISON Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT MEDICAL PLAN COMPARISON 13

13 CIGNA PRESCRIPTION DRUG PROGRAM The Cigna prescription drug program uses a three-tier design. The amount you pay varies by the type of drug and whether you fill your prescription at a retail pharmacy or through mail order. Using a Cigna Participating Pharmacy Using a Cigna participating pharmacy is a simple way to save a little money. Cigna has a large network that includes more than 61,000 retail pharmacies nationwide. Cigna Home Delivery Pharmacy Using Cigna Home Delivery Pharmacy is an easy, reliable way to get your medications. The medications often cost less than at a retail pharmacy, and you receive an extra month of medication for FREE. The Cigna Home Delivery Pharmacy is a great choice for anyone who takes long-term maintenance medications regularly, such as those prescribed for allergies, anxiety, arthritis, asthma, birth control, diabetes, high blood pressure, infertility and many other medical issues. When you fill your prescription through Cigna Home Delivery Pharmacy, you get up to a 90-day supply filled and delivered to your home. To transfer your prescriptions to Cigna Home Delivery, call Cigna Specialty Pharmacy Services Program The Cigna Specialty Pharmacy Services provides resources and support when managing a complex condition. With Cigna Specialty Pharmacy Services, you ll have a clinical team of specialty pharmacists and technicians available to help you understand your medication and possible side effects, day or night. Call to transfer your specialty medications. With your okay, Cigna will call your doctor to transfer your prescription on your behalf. Generic and Brand Name Drugs If a brand-name prescription drug becomes available as a generic drug, the prescription drug tier and the amount of the coinsurance may change. You will pay the coinsurance based on the prescription drug tier to which the prescription drug is assigned. Dispense as Written When you receive a prescription from your physician, the pharmacy will fill the prescription with the equivalent generic drug, if one is available. If your physician specifies Dispense as Written, the prescription will be filled with the specified brand name drug. If you choose to have the prescription filled with a brand name prescription, and Dispense as Written was not included on the prescription, you will pay the difference between the cost of the brand and generic drugs. KAISER PRESCRIPTION DRUG PLAN The Kaiser Prescription drug program uses a two-tier design. The amount you pay varies by the type of drug. Kaiser offers you the convenience of refilling your prescription online or through the mobile app. You have the option to pick up your prescription at a Kaiser pharmacy or have it mailed directly to your home. 14 Cigna Prescription Drug Program Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

14 ADDITIONAL CIGNA PROGRAMS Healthy Pregnancies, Healthy Babies When it comes to having a baby, there is so much to prepare for choosing a hospital, buying a car seat, preparing the nursery The Cigna Health Pregnancies Healthy Babies program provides education and support throughout the entire pregnancy and after. If you enroll in the program during your first trimester and complete the program, you will receive $150. If you enroll in the second trimester and complete the program, you will receive $75. To enroll, call Oncology Management Program This program is designed to help those at risk or living with cancer manage and treat their complex condition. It provides access to specialized nurses, health educators and behavioral health experts equipped to assist members and their families with preventive care, understanding treatment options, coordination of care and lifestyle issues. The program also offers members support to help diagnose potential cancerous conditions early and prevent the development of the disease. Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT 15 Additional Cigna Programs

15 DENTAL MetLife Dental The dental options offered through MetLife provide coverage for in-network preventive care, as well as benefits to help pay for more expensive dental procedures. MetLife Core and Buy up Options Both options allow you to use any dentist, but also give you access to MetLife s network of preferred dentists. If you use a MetLife network dentist, your preventive care is covered at and you ll pay lower out-of-pocket costs because network dentists provide services at pre-negotiated rates. The main difference between the Core and Buy up options is that the Buy up option offers you richer benefits, including: Higher plan year maximum Orthodontia for adults in addition to children Higher orthodontia maximum The plan pays a larger share of basic and major services CORE PLAN BUY UP PLAN IN-NETWORK OUT-OF- NETWORK* IN-NETWORK OUT-OF- NETWORK* Monthly Contributions Employee Employee + Spouse Employee + Child Employee + Family $10.00 $25.00 $20.00 $40.00 $30.00 $65.00 $50.00 $95.00 Plan Year Deductible Employee Family $50 $150 $50 $150 $50 $150 $50 $150 Plan Year Maximum Per Member $1,000 $1,000 $2,000 $2,000 Diagnostic/Preventive Services Preventive Care Oral Exams, X-rays Basic Services Oral Surgery Restorative (fillings) Endodontics (root canal) Major Services Crown & Bridges Dentures Orthodontia Lifetime Maximum 6 Child Adult 80% 80% 80% 50% 50% $1,500 N/A 80% 80% 80% 50% 50% $1,500 N/A 90% 90% 90% 60% 60% $2,000 $2,000 90% 90% 90% 60% 60% $2,000 $2,000 * Based on usual and customary fee. 6 50% up to lifetime maximum. 16 Dental Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

16 VISION Vision Vision benefits provided through Vision Service Plan (VSP) are designed to help reduce the cost of eyeglasses, contact lenses and other vision services. VSP Core and Buy up Options Both the Core and Buy up Options provide you with comprehensive vision benefits. Enrolling in the Buy up option offers you richer benefits, including: Frames every 12 months, instead of every 24 months Higher frame allowance Higher contact lens allowance CORE PLAN BUY UP PLAN IN-NETWORK OUT-OF- NETWORK IN-NETWORK OUT-OF- NETWORK Monthly Contributions Employee Employee + Spouse Employee + Child Employee + Family $0.00 $0.00 $0.00 $0.00 Every 12 Months $15.00 $20.00 $20.00 $30.00 Every 12 Months Eye Exam Exam Benefit $10 copay up to $45 $10 copay up to $45 Frames Frame Benefit Every 24 Months $130 Allowance up to $70 Every 12 Months Every 12 Months $250 Allowance up to $70 Every 12 Months Lenses Single Vision Lined Bifocal Lined Trifocal up to $30 up to $50 up to $65 up to $30 up to $50 up to $65 Contact Lenses Contact Lens Benefit Every 12 Months $200 Allowance up to $105 Every 12 Months $250 Allowance up to $105 Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Vision 17

17 PRE-TAX SPENDING ACCOUNTS Pre-Tax Spending Accounts provide a tax-advantaged way to pay for eligible health care, dependent care and commuter expenses. Pre-Tax Spending Accounts let you pay for eligible health care, dependent care and commuter care expenses with dollars that are automatically withheld from each paycheck before taxes. They reduce your taxable earnings so you pay less in income taxes. You decide the total amount you want withheld for the plan year. That amount is then deducted in identical increments from your paycheck in each pay period during the plan year. Health Care Flexible Spending Account (FSA) The Health Care FSA gives you a tax break on many healthcare expenses that are not covered by other plans. By anticipating your expenses and arranging for deductions to be made from your paycheck each pay period, you lower your tax bill. You must enroll each year, as contribution amounts are not carried forward from one year to the next. You can set aside up to $2,550 each plan year on a pre-tax basis to cover eligible health care expenses not reimbursed by any other health plan. Dependent Care Flexible Spending Account (FSA) The Dependent Care FSA allows you to pay for eligible child care or elder care expenses while you are working. You must enroll each year, as contribution amounts are not carried forward from one year to the next. You can set aside up to $5,000 each plan year on a pre-tax basis to cover the cost of dependent day care expenses. The amount you contribute to a Dependent Care FSA cannot be greater than your income or your spouse s income, whichever is less. If your spouse contributes to a Dependent Care FSA through his or her employer, your combined contributions may not exceed $5,000. If you are married and file separate tax returns, you can contribute up to $2,500 per year. Dependent Care FSA Rules For expenses to be eligible, they must be incurred because you and your spouse both work or attend school full-time Children must be under age 13 Care providers can be anyone except your spouse, a dependent claimed on your tax return, or child under age 19 Disabled dependents (a child, a spouse or parent) also qualify for reimbursement if they spend at least eight hours a day in your home Eligible dependent care expenses include nursery schools, day camps, licensed day care centers and day care in your home (except if the provider is the child s parent or your child under age 19). Careful Planning Required You should plan your FSA contributions carefully. Here s why: Use it or lose it. IRS rules require that any money left in your flexible spending account at the end of the plan year must be forfeited. 18 Pre-Tax Spending Accounts Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

18 Money set aside for health care expenses cannot be used to reimburse dependent day care expenses, and vice-versa Any health care or dependent care expenses that are paid from FSAs cannot be claimed as a deduction or credit when filing your income tax return You cannot stop or change contributions during the year, unless you have a qualified status change Once you terminate employment, only expenses incurred before you terminated are eligible for reimbursement from your FSA, unless you elect to continue your Health Care FSA through COBRA You will be reimbursed for dependent care expenses only up to the amount of your dependent care spending balance and only after the care has been provided. The Grace Period Your Health Care and Dependent Care FSA accounts include a grace period. The grace period extends 2 1/2 months after the end of the plan year, until March 15, when you can continue to incur expenses and use the funds remaining in your account to cover expenses. The grace period ensures that you have the opportunity to maximize your FSA funds and avoid forfeiting money through the IRS use-it-or-lose-it rule. It is not an extension of the plan year. Run-out Period Your FSA plan also includes a run-out period which allows you to submit claims incurred during the plan year and the grace period. The run out period ends 195 days after the end of the plan year. After the close of the run-out period, you forfeit any of the funds remaining in your account. Commuter Benefit The Commuter Benefit plan allows employees to pay mass transit and eligible parking expenses with pre-tax dollars. Employees may elect up to $130 per month for eligible transit expenses and $250 per month for eligible parking expenses. The plan allows you to pre-order your transit passes or commuter vouchers, pay directly to parking vendors or pre-order commuter check cards. Flex-Plan Services has an administration platform called Flexi-Pass which is a single card solution allowing you to load your monthly transit/parking amounts onto an existing Benny card. The card can be used with the transit or parking merchant to make monthly purchases. Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Pre-Tax Spending Accounts 19

19 LIFE & ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) INSURANCE Basic Life & Accidental Death and Dismemberment (AD&D) Insurance To provide you and your family with financial security, Equinix offers Basic Life and AD&D Insurance through Minnesota Life to all eligible employees at no cost to you. Basic Life and AD&D insurance provides a cash benefit to you or your loved ones in the event of death or a serious accidental injury. Basic Life Insurance pays a benefit equal to two times your annual earnings, to a maximum of $750,000. Life insurance pays benefits upon your death. AD&D insurance pays a benefit of two times your annual earning if your death is the result of a covered accident. If you die from an accidental injury, your beneficiary will receive both the life and AD&D benefit. AD&D also pays benefits if you are severely injured and suffer a loss such as the loss of a limb or eyesight. Employer Paid Term Life and AD&D will decrease to 65% of the original coverage amount at age 70. Keep in mind that life insurance premiums in excess of $50,000 paid for by Equinix on your behalf will be added to your W-2 as imputed income. 20 Life & Accidental Death and Dismemberment (AD&D) Insurance Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

20 VOLUNTARY LIFE AND AD&D INSURANCE Voluntary Life and AD&D Insurance You can supplement your basic life coverage with Voluntary Life and AD&D plans that provide additional protection. Voluntary Life and AD&D Insurance allows you to buy additional coverage for yourself of one to five times of your annual earnings, to a maximum of $500,000. Voluntary Life Insurance can only be purchased for your spouse, domestic partner, and dependents if you are insured under the voluntary life plan. COVERAGE (PAID BY EMPLOYEE) COVERAGE AMOUNT MAXIMUM GUARANTEED COVERAGE Employee Term Life 1x to 5x annual earnings (rounded to the next higher multiple of $1,000) $500,000 $150,000 if enrolling when first eligible (eg. New Hire) Spouse/Domestic Partner Term Life $5,000 increments Lesser of of your Employee Paid Term Life or $100,000 $30,000 if enrolling when first eligible Child Term Life $1,000 increments $10,000 $10,000 Evidence of Insurability Coverage requested during open enrollment may require evidence of insurability and approval by the insurance carrier. When you enroll on EquiLife CONNECT, you will be able to download an evidence of insurability form to complete and submit to Minnesota Life. VOLUNTARY LIFE EMPLOYEE AND SPOUSE AGE RATE/$1,000/MONTH Under 25 $ $ $ $ $ $ $ $ $ $ $ and over $3.651 VOLUNTARY LIFE CHILD Child Life $0.128 VOLUNTARY AD&D EMPLOYEE ONLY Employee Voluntary AD&D $0.020 Voluntary AD&D Employees are able to enroll or make changes even if not currently enrolled for coverage or previously declined coverage. How much does it cost? Calculate Your New Cost Total coverage requested Convert coverage to units: $ $ $1,000 = Multiply units by your rate: $ x $1,000 = Your monthly premium is: Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Voluntary Life and AD&D Insurance 21

21 DISABILITY INSURANCE Disability Insurance Equinix offers eligible employees disability insurance through Reliance Standard that helps protect you and your family from the financial uncertainties and hardships that can accompany long-term illness or disability. Equinix pays the full cost for Short and Long Term disability coverage. Short Term Disability Insurance Equinix provides a Short Term Disability (STD) benefit of up to 66 2/3% of your weekly pay to a maximum of $3,462 a week for up to 26 weeks, if you become disabled. Benefits begin on the eighth day for both accident and illness. Short Term disability benefits from Equinix are reduced by payments you receive from state plans for employees located in states covered under a state disability plan. Long Term Disability Insurance Equinix provides a Long Term Disability (LTD) benefit of up to 66 2/3% of your monthly pay to a maximum of $15,000 a month if your disability extends beyond 180 consecutive days. 22 Disability Insurance Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

22 EMPLOYEE ASSISTANCE PROGRAM (EAP) Employee Assistance Program (EAP) Need some extra help? When you need help with the daily challenges of life, the Employee Assistance Program (EAP) is here to help you. The EAP is administered through ComPsych GuidanceResources and is paid for by Equinix. The EAP provides confidential counseling sessions and referrals as well as a host of other resources to help you navigate some of life s changes. These sessions can help you with emotional problems, relationship issues, substance abuse, legal or financial concerns and more. Other services include health and wellness articles and referrals. All Equinix employees are eligible and can access EAP Services by calling or by visiting guidanceresources.com EAP RESOURCES Legal Information and Resources Work Life Solutions Financial Resources WHAT IT PROVIDES You can speak to attorneys for free about many legal issues, such as real estate transactions, family law, debt, bankruptcy, landlord/ tenant issues, civil and criminal actions and contracts. In addition, you can be referred to a local attorney and you will receive a 30 minute consultation with a 25% reduction in customary legal fees thereafter. If you feel overwhelmed by the daily pressures of life, the EAP can help. Work-Life Specialists can take away some of that pressure by providing help with: Child and elder care Moving and relocation Making major purchases College planning Pet care Home repair ComPsych has Certified Public Accountants and Certified Financial Planners to help you with: Getting out of debt Credit card or loan problems Tax questions Retirement planning Estate planning Saving for college Guidance Resources Online GuidanceResources Online has a wealth of expert information on issues that matter to you: relationships, work, school, children, wellness, legal, financial, free-time and more. To register, go to guidanceresources.com and enter Equinix as the Organization Web ID. Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Employee Assistance Program (EAP) 23

23 OTHER FINANCIAL BENEFITS 401(k) The Equinix 401(k) Plan helps build financial security for your future. It also provides important tax advantages. Fidelity administers the plan. You will be automatically enrolled in the plan and begin contributing 5% approximately 30 days following your date of hire. Fidelity will provide you additional information, which will be mailed to your home. You can choose to opt out of auto enrollment by going to and setting your contribution to 0%. There is no enrollment period for the 401k, you can participate at any time. Your contributions: You may contribute a portion of your pay (up to the IRS annual limit) to your 401(k) account. If you are 50 years of age or older in 2015, you are eligible to make an additional catch-up contribution (up to the IRS annual limit). Your contributions to the 401(k) plan are taken pre-tax. This lowers your taxable income. Any distributions from the plan will be subject to income tax. You may change, stop or start your contributions at any time by going to You are always vested in your contributions. If your funds are in a prior qualified retirement plan, Fidelity allows you to roll over your account balance into the Equinix 401(k) plan. Equinix contributions: Take advantage of Equinix s generous employer match. Equinix will match 50 cents on every dollar of your pre-tax contributions up to 6% of your eligible earnings. You are vested in Equinix matching contributions in steps of 25% each year, with vesting after four years of service. Investments: You can choose from a variety of investment funds to build your portfolio or select a Fidelity Freedom fund which is a blend of stocks, bonds and short-term investments in a single fund, based on the year you plan to retire. You may change your investments at any time on the website or by calling Fidelity at You can also contact the nwk Group for investment advice and to help manage your portfolio. This is a free service to Equinix employees x 108. Tuition Reimbursement Program Equinix encourages its employees to continue learning experiences in areas that enhance competencies and increase value to the business. Build or improve the skills you need to develop your career at Equinix through our generous program providing up to $4,000 USD per calendar year. Equinix s Tuition Reimbursement Program provides financial assistance to employees who wish to take job-related courses, pre-approved degree programs, or other qualified courses that contribute to their role at Equinix. For more information please visit EquiLife CONNECT. Employee Stock Purchase Plan (ESPP) Employees can contribute between 1% and 15% of their gross compensation through payroll deductions to purchase discounted Equinix common stock. 24 Other Financial Benefits Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

24 PAID TIME OFF (PTO) AND HOLIDAYS 2015 Holidays DATE Thursday, January 1 Monday, February 16 Monday, May 25 Friday, July 3 Monday, September 7 Thursday, November 26 Friday, December 25 Monday, December 28 Tuesday, December 29 Wednesday, December 30 Thursday, December 31 HOLIDAY New Year s Day President s Day Memorial Day Independence Day Observed Labor Day Thanksgiving Christmas Day Equinix designated holiday Equinix designated holiday Equinix designated holiday Equinix designated holiday General All Equinix regular employees working an average of 20 or more hours per week are eligible for PTO and shall accrue PTO each pay period, beginning on their first day of work. PTO will be prorated for those employees who are scheduled to work less than 40 hours per week (but who regularly work a minimum of 20 or more hours per week). Employees working an average of less than 20 hours per week are not eligible for PTO under company policy. PTO may be used for reasons such as vacation, personal time off, sick days or time off to care for family members. PTO is accrued based on years of service with the company, as described below. Maximum Accrual An employee will cease accruing PTO once she/he has accrued 250 hours. PTO accrual will resume when the employee takes sufficient time off to bring her/his accrual total below 250 hours. YEARS OF SERVICE PTO ACCRUED PER PAY PERIOD/ANNUALLY MAXIMUM ACCRUAL 0 to 2 (0 through 24th month) hrs/120 hours annually 250 hours 2 to 5 (starting 25th month) hrs/160 hours annually 250 hours 5+ (starting 61st month) hrs/200 hours annually 250 hours Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Paid Time Off (PTO) and Holidays 25

25 REQUIRED NOTICES Required Notices The following notices, as well as the Summary Plan Descriptions, are available on EquiLife CONNECT. You can also contact HR Direct at , and request that any notice be mailed to you. HIPAA Privacy Notice Medicare Part D Notice Premium Assistance Under Medicaid and the Children s Health Insurance Program (CHIP) Notice Summary of Benefits and Coverage for Cigna HRA Plan Summary of Benefits and Coverage for Cigna OAP Plan Summary of Benefits and Coverage for Cigna Network Plan Summary of Benefits and Coverage for Kaiser Permanente HMO Plan Women s Health and Cancer Rights Act (WHCRA) About This ebook This ebook provides an overview of some of the benefit plans offered by Equinix. It is not intended to be all-inclusive, nor is it to be used as a Summary Plan Description. In the event of any conflict between this ebook and the official plan documents, the official plan documents will govern. This ebook does not represent a contract of employment. 26 Required Notices Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT

26 IMPORTANT BENEFIT CONTACTS BENEFIT PLAN/GROUP NUMBER TELEPHONE WEBSITE HR Direct N/A M F 7:30 a.m. 5:30 p.m. (PST) hr-direct@equinix.com Medical Cigna HRA Plan OAP Plan Network Plan Medical Kaiser HMO Plan (N. CAL) (S. CAL) Dental MetLife Vision VSP FSA & Commuter Flex-Plan Services EQX Life and AD&D Life Voluntary / AD&D Leave of Absence and Disability Matrix Absence Management Life Services/EAP ComPsych N/A Web ID: Equinix (k) Fidelity Account Access Advisor NWK Group x102 Business Travel Accident Chubb Travel Assistance Services Employee Stock Purchase Plan (ESPP) Stock Services Dept. N/A stockservices@equinix.com PTO & Payroll Dept. N/A uspayroll@equinix.com Questions? Call HR-Direct Mon-Fri, 7:30 a.m. to 5:30 p.m. PT Important Benefit Contacts 27

27 Corporate HQ Equinix, Inc. One Lagoon Drive 4th Floor Redwood City, CA USA Main: Fax: Equinix, Inc. HR Benefits 2015 ebook v0914 WP-EN JM-DD 0914 Equinix.com