PAID TIME OFF AND OTHER PAID LEAVES

Personal Time Off (PTO)
This is the program offered to provide employees the opportunity to take paid time off work for rest, relaxation, holidays, illness and personal needs. PTO gives employees the flexibility to select time away from work in a manner that fits their personal and professional schedule. PTO combines holiday pay, vacation pay and sick pay into one "account". Since the Company moved to the Paid Time Off (PTO) policy a few years ago, IR has not had a traditional, established holiday schedule. The rationale behind that is to allow employees to have maximum flexibility in deciding which days they prefer to reserve for themselves and/or their families. That level of choice lets each employee observe the holidays, religious events or other days that are most meaningful to them as individuals, and to make coordination of schedules with friends and families easier. That flexibility also lets business functions operate with less complete shutdown time.

Bereavement Leave
The death of an immediate family member is often a sad and difficult event, one that calls for our compassion, respect and support. IR provides paid leave to provide employees with the time they need to be with their families and friends to grieve the loss of a loved one.

Military Leave
Regular employees are granted military leave, if they are required to participate in active duty for annual military training. Regular employees are granted an extended military leave if it is necessary to fulfill a military obligation.

LEAVE OF ABSENCE

Medical leave
A medical leave of absence may be paid or unpaid and may be granted to an employee who is unable to work due to illness, injury or pregnancy. All medical leaves will run concurrently with all family care/medical leaves. Medical leaves can run up to six months for employees with less than five years of service and up to 12 months with five years or greater service time.

Personal Leave
A personal leave of absence may be granted for up to thirty (30) calendar days for personal reasons.

EDUCATIONAL ASSISTANCE - TUITION REIMBURSEMENT
Pre-approved educational assistance requests are available to reimbursement at either 100% or 50% of the cost of the course depending upon their direct value to your current job up to maximum amounts established by the Company policy.

EMPLOYEE REFERRAL PROGRAM
International Rectifier encourages and rewards employee's contribution in attracting and hiring new talent to the Company.

HEALTH/FITNESS PROGRAM
IR offers gym memberships at a discounted rate.

ONSITE CAFETERIA
IR offers subsidized cafeterias at some sites to allow employees to eat healthy, low cost meals.

ONSITE ATM
IR has an ATM machine on site at select locations.

RIDE SHARE PROGRAM
Gift cards and weekly pre-paid lunch tickets for the cafeteria are available to reward employees excelling in ridesharing programs.

COMPUTER PURCHASE PROGRAM
IR has partnered with Purchasing Power to provide employees with the opportunity to purchase computers and more through payroll deductions - with no credit checks and zero (0%) percent interest! Color printer, monitor, and software are included with every computer purchase!