Oticon's Benefit Guidebook by Oticon, Inc.

This guidebook provides an overview of the benefits of employment with Oticon. Complete details on the benefits can be found in the legal plan documents and insurance contracts governing the plans. If there is any contradiction between the information appearing in this guidebook and the information which appears in the official plan documents, the official plan documents will govern in all cases. Benefits are subject to change. The Company reserves the right to amend or terminate these benefits at any time.

Table Of Contents

Overview.........................................................................................

Medical Plan Options………………………………………………….…

Additional Medical Plan Features………………………………………

Dental Plan Options……………………………………………………..

Flexible Spending Account and Dependent Care……………………

Life Insurance Plan Options…………………………………….….....

Business Travel Accident Insurance…………………………….……

Workers Compensation ………………………………………………

Disability Programs………………………………………………..……

Employee Assistance Program (EAP)…………………………….…

401(k) Retirement Savings Plan………………………………………

Career Development…………………………………………………...

Other Work/Life Benefits….……….………………………………......

Oticon Benefits Overview As an Oticon employee, you are eligible for a wealth of benefits. This guidebook provides an overview of the options available to you. Please review this information thoroughly.

Medical Plans • Horizon: Base (NJ Only) Point of Service Plan • Horizon: Base (Out of State) Direct Access Plan • Horizon: Buy-Up (Nationwide) Direct Access Plan Dental Plans • CIGNA: Dental Care (DHMO) • CIGNA: PPO 1 (Base Plan) • CIGNA: PPO 2 (Buy-Up Plan) Flexible Spending Accounts • Healthcare FSA • Dependent Care FSA Life Insurance • Lincoln Financial: Group Term Life and AD&D • Boston Mutual: Supplemental Life Business Travel Accident Insurance Disability • National Benefit Life: Short Term Disability for NJ employees • Lincoln Financial: Short Term Disability for all other employees • Lincoln Financial: Long Term Disability

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Oticon Benefits Overview Employee Assistance Program (EAP) • Lincoln Financial: EmployeeConnect 401(k) Retirement Plan • Wells Fargo Career Development • Tuition Reimbursement • Internal Promotions • Seminars, Conferences and Trainings Other Work/Life Benefits • Company paid time off • Leaves of Absence (FMLA) Eligibility • All new hires who are full-time employees or part-time employees scheduled to work 30 or more hours per week are eligible for benefits on the 1st of the month after date of hire

• Dependents D d iincluding l di spouses, same-sex partners, children hild (bi (biological, l i l llegally ll adopted, d d step or those h under d llegall guardianship) di hi ) up to age 26, 26 and disabled adult children

• Documentation may be required to determine eligibility of dependents Contributions • For those coverages requiring an employee contribution to participate, your contributions will be set up as automatic payroll deductions, pre or post tax as applicable.

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Medical Plan Options Horizon: Base (NJ Only) Point of Service Plan • Base option available to all employees who reside in New Jersey • Requires a Primary Care Physician (PCP) and referrals to see a specialist • Strong In-network coverage with a very low out-of-pocket maximum Horizon: Base (Out of State) Direct Access Plan • Base option available to all employees who reside outside of New Jersey • May choose Primary Care Physician (PCP), but not required • May visit specialists directly without referrals Horizon: Buy-Up (Nationwide) Direct Access Plan • Buy-Up option available to all employees • May choose Primary Care Physician (PCP), but not required • May visit specialists directly without referrals • More generous level of benefits

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Medical Plan Options

Horizon

Base (NJ Only) Point of Service Plan

Base (Out of State) Direct Access Plan

Buy-Up (Nationwide) Direct Access Plan

Overview

• Primary Care Physician (PCP) is required q • Referrals are required for specialists • Doctors in NJ

• Base plan option for employees p y outside of NJJ • PCP is not required

• PCP is not required • Go directlyy to specialists p • Nationwide network of doctors makes this plan available to all employees

Deductible (Calendar Year)

• In Network: None • Out of Network: $1000 i di id l or T individual Two d deductibles d tibl per family

• In Network: None • Out of Network: $1000 i di id l or T individual Two deductibles per family

• In Network: None • Out of Network: $300 i di id l or T individual Two deductibles per family

Coinsurance/ Copayment

Coinsurance • In Network: 80% (PCP covered at 100%) • Out of network: 60% I N In-Network k Copayments C • Preventative Care: 100% -no copay • PCP/Office Visits - $20 • Specialist - $20 • Emergency Room – 80% after $50 copay

Coinsurance • In Network: 100% • Out of network: 80%

In Network • Individual: $400 • Family: $800

In Network • Individual: $1000 • Family: $2000

Out of Network • Individual: $4000 • Family: F il $10 $10,000 000

Out of Network • Individual: $1000 • Family: F il $2000

Maximum Out of Pocket (Calendar Year)

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IIn-Network N k Copayments C • Preventative Care: 100% -no copay • PCP/Office Visits - $20 • Specialist - $20 • Emergency Room – 100% after $50 copay

Additional Medical Plan Features Included in all medical insurance plan options are pharmacy, vision, mental health and substance abuse benefits. • The prescription plan offers 3-tiered pricing at the pharmacy for generic, name-brand and non-preferred drugs. Mail order prescriptions for maintenance drugs are also available through Prime Therapeutics.

• The vision benefits include annual eye exams at participating doctors’ offices and $50 reimbursement available for contacts/glasses every two years.

• Mental health and substance abuse benefits are available in the plan options and are coordinated through Magellan Behavioral Health.

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Dental Plan Options CIGNA: Dental Care (DHMO) Plan • Select a Primary Care Dentist (PCD) in the CIGNA Dental Care network • In-network coverage only • Patient Schedule Charge identifies fixed copayments for dental services • No yearly benefit maximums on coverage CIGNA: PPO1 Base Plan • Go to any dentist that participates in CIGNA’s “Core” Network • In and Out of Network coverage available • Calendar Year Maximum benefit is $1000 per year per person on the plan CIGNA: PPO2 Buy-Up Plan • Go to any dentist that participates in CIGNA’s “Core” Network • In and Out of Network coverage available • Calendar Year Maximum benefit is $2000 per year per person on the plan

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Dental Plan Options

CIGNA

Dental Care (DHMO) Plan

PPO1 Base Plan

PPO2 Buy-Up Plan

Dentist Selection

• Requires a PCD dentist selection from CIGNA Dental Care (DHMO) Network

• Go to any participating dentist in CIGNA’s Core Network

Deductible (Calendar Year)

• In Network: None • Out of Network: N/A

• In Network: None • Out of Network: None

Services Offered

Most Preventative and Basic Care is covered at low cost or no cost to you. This plan also covers Major Restorative Care and many other dental services at specific set costs. *

Class I Plan Pays 80% You Pay 20%

Class I Plan Pays 100% You Pay 0%

Class II Plan Pays 80% You Pay 20%

Class II – In Network Plan Pays 90% You Pay 10% Class II – Out of Network Plan Pays 80% You Pay 20%

Class III Plan Pays 50% You Pay 50%

Class III- In Network Plan Pays 60% You Pay 40% Class III – Out of Network Plan Pays 50% You Pay 50%

Class IV Plan Pays 50% Y Pay You P 50%

Lifetime maximum of $1000 for dependent children to age 19

In Network • $1000 per person on plan Out of Network • $1000 per person on plan

In Network • $2000 per person on plan Out of Network • $2000 per person on plan

Class I – Preventive Care Class II – Basic Restorative Care Class III – Major Restorative care Class IV – Orthodontia

Orthodontia is available for children and adults with maximum lifetime benefit of 24 months.*

*Refer to complete CIGNA Dental Care Patient Change Schedule for full details on services, covered procedures and patients charges. Dollar Maximum for Coverage (Calendar Year)

In Network • None Out of Network: • N/A

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Flexible Spending Account and Dependent Care What is a flexible spending account? Flexible spending accounts (FSAs) are a convenient, pre-tax way to pay for eligible out of pocket health care expenses as well as dependent care expenses. Pre-tax payroll deductions are deposited into your account and you are then reimbursed for eligible expenses using these pre-tax dollars from your account.

How does the flexible spending account work? Oticon offers an option for healthcare FSA as well as dependent care. You have the option to elect an annual amount for either healthcare, dependent care or both according to the chart on the following page. The amount you elect is deducted from your paychecks in equal amounts throughout the year. You save your receipts for services rendered and submit these receipts to Horizon for reimbursement. Funds elected remain in effect for the plan year and cannot be revoked or changed. Funds not used during the plan year are forfeited, but you may continue to file claims for expenses incurred during the plan year until three months following the end of the plan year.

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Flexible Spending Account Plan Options Horizon

Healthcare FSA

Dependent Care FSA

Annual Contribution Election Amounts

• $100 to $2000 per year

• $100 - $5000 per year • $2500 maximum for married person filing taxes separately • The total amount cannot exceed the lesser of $5000 ($2500 for a married person filing separately) or spouse’s earned income. • If spouse does not work and is not disabled or a full-time student, employee cannot participate in Dependent Care.

Visit the Interactive website at www.horizonblue.com/fsa to:

• Manage your FSA account • View account balances, submit receipts and file claims • Sign up for direct deposit for your reimbursements • View eligible and ineligible expense lists • View FAQs on flexible spending accounts

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Life Insurance Plan Options Group Term Life Insurance Life and accidental death and dismemberment (AD&D) insurance is provided through Lincoln Financial at no cost to the employee for a coverage amount of one times the salary for non-exempt (hourly) employees and two times the salary for exempt (salaried) employees.

Supplemental Life Insurance Through Boston Mutual, supplemental coverage is available for you, your spouse, children, step-children and grandchildren if they qualify. This supplemental life insurance has affordable premiums, convenience of payroll deductions and portability.

Business Travel Accident Insurance Oticon automatically provides you with company-paid business travel accident insurance that pays benefits to you (if you sustain certain injuries) or your beneficiary (if you die) as a result of an accident while on a business trip. The benefit maximum per covered accident is $2,500,000 Aggregate Policy Limit.

Workers Compensation All employees are covered by Workers Compensation Insurance from the first day of employment. Coverage under Workers Compensation is governed by statute.

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Disability Programs Short Term Disability • Private Plan with National Benefit Life or Lincoln Financial • Coverage begins on 8th consecutive day out of work and provides 66.67% of pay up to a weekly maximum and for a maximum benefit period of 26 weeks

Long Term Disability • Provided at no cost to employees through Lincoln Financial • Begins after STD benefits are exhausted, replaces 66.67% of base salary up to maximum of $10,000/month minus all other disability payments to which employee may be entitled (ie: Social Security)

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Employee Assistance Program (EAP)

Employees of Oticon have access to the employee assistance program (EAP) at no cost. This service is provided through Lincoln Financial who partners with ComPsych Corporation. 24/7 support, guidance and resources are available through this EmployeeConnect program.

Counseling

Financial

Legal

Work/Life Services

4 face to face sessions Per person, per issue, per year

Assistance from Financial Experts • Unlimited telephonic support for information and referrals to a network Financial Expert if needed

Assistance from Attorneys • Unlimited telephonic support and one free 30 minute face to face consultation • 25% employee discount for ongoing legal representation

Access to information • Child/Elder care • Home Improvement Resources • Car Buying and Moving • Weight Management and Wellness Options • Identity Theft Prevention and Resolution

Assistance with: • Document preparation • Divorce/Separation • Real estate • Civil matters

Telephone and Web Access • Available 24/7

Telephonic Assistance • Available 24/7 • Marital/Family • Personal • Alcohol/Drug Abuse • Stress/Anger • Death/Dying

Assistance with: • Credit • Taxes • Debt • Request educational material

To learn more about the Lincoln Financial EmployeeConnect program, visit www.Lincoln4Benefits.com or www.GuidanceResources.com (user name = LFGsupport; password = LFGsupport1), or talk with a specialist at 888-628-4824.

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401(k) Retirement Savings Plan Employees of Oticon are eligible to participate in the 401(k) retirement savings plan with Wells Fargo after meeting eligibility requirements of 21 years of age and 250 hours and 3 months of service. The plan features automatic enrollment, optional automatic escalation of contributions, pre-tax and Roth contributions and matching contributions from the company. You can contact Wells Fargo directly to manage your retirement savings and access a full range of resources including:

• Check your account balance • Access fund information • See if yyou are on track for retirement • Make investment changes • Change your contribution rate • Access online calculators and educational articles • Request a copy of your statement

Visit the plan website wellsfargo.com/retirementplan, wellsfargo com/retirementplan or call the Retirement Service Center at 11-800-728-3123 800 728 3123 Automated system with 24 hour access and representatives available M-F from 7:00am – 11:00pm (EST)

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Career Development At Oticon, employees may be eligible for tuition reimbursement programs, internal job postings and chances for promotions, as well as opportunities to attend professional seminars, conferences, trainings and meetings. Through these offerings, we strive to keep our employees on the forefront of the business trends as they enhance their personal and professional development in the marketplace.

Other Work/Life Benefits • Vacation and sick leave • Eight g Company p y Paid Holidays y pplus 1 floatingg holidayy • Bereavement time off for immediate and extended family • Paid time off for Jury Duty • Leaves of absence (In accordance with FMLA and other applicable federal and state laws)

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People First is our promise to empower people to communicate freely, interact naturally and participate actively