The Benefits of Bb BLACKBOARD

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1 The Benefits of Bb BLACKBOARD The passion for education and the drive to make a difference are at the core of what makes Blackboard a great place to work. Blackboard fosters an environment where new ideas are welcome and employees are recognized and rewarded for their contributions. In fact, Blackboard continues to operate with the energy and entrepreneurial spirit of its start-up days. At Blackboard, we want you to have more than just a job. We have your successful long term career goals in mind. That s why we are proud to offer a competitive benefits package that is designed to support many areas of your life. Learn more about our Health Benefits.

2 ELIGIBILITY Active employees who are scheduled to work at least 30 hours per week are eligible for Blackboard benefits. Benefits-eligible employees may also provide coverage for eligible family members including: Employee s spouse; or Eligible domestic partner; and Children up to age 26 (medical only) Domestic Partner Benefits Blackboard offers benefit coverage for eligible same sex or opposite sex domestic partners. Children of qualifying domestic partners may also be eligible for coverage. HEALTH Medical Blackboard offers three comprehensive health plan options: Health Maintenance Organization (HMO) Preferred Provider Organization (PPO) High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) Each plan includes prescription drug and vision coverage, and covers in-network preventive care in full. Vision Comprehensive vision coverage is included when you enroll in a medical plan. Benefits are available in- and out-of-network. Dental Dental coverage is provided through a Preferred Provider Organization, with three coverage levels from which to choose. Your portion of medical and dental premiums will be paid through pre-tax payroll contributions. Income Security and Retirement Benefits.

3 LIFE & DISABILITY Life Insurance Blackboard provides you with 100% companypaid Basic Life Insurance coverage equal to your annual compensation and Accidental Death & Dismemberment (AD&D) insurance in the same amount. Supplemental Life Insurance In addition to company-paid life insurance, you have the option to purchase supplemental insurance for yourself, as well as coverage for your family. Short Term Disability Blackboard provides you with Short Term Disability (STD) coverage at no cost to you. If you become disabled as a result of illness, injury, or pregnancy, the plan replaces 60% of your base pay (up to $1,500 per week) while you are on an approved disability leave. Long Term Disability Long Term Disability (LTD) coverage is also provided at no cost to you. LTD benefits start when STD coverage ends and replaces 60% of your base pay (up to $8,000 per month) while you are on an approved disability leave. Supplemental Long Term Disability You may purchase additional Long Term Disability coverage at a discounted rate. OTHER VOLUNTARY PRE-TAX BENEFITS Flexible Spending Accounts (FSA) Blackboard offers both a pre-tax Health Care FSA and a pre-tax Dependent Care FSA to help you save on eligible health care and dependent care expenses. Parking Reimbursement Plan You may set aside money on a pre-tax basis to pay for parking expenses related to your commute to and from work. Public Transit (in selected areas) Employees working at Blackboard locations where public transportation is available may set aside money on a pre-tax basis to pay for commuting to and from work via the train and/or bus. RETIREMENT 401(k) Plan Blackboard s 401(k) plan provides you with a variety of investment options from which to choose. You determine the amount you would like to contribute to the 401(k) plan on a pre-tax basis up to the IRS limits. In addition, Blackboard offers an annual discretionary matching contribution. Work-Life Benefits.

4 WORK-LIFE Paid Time Off & Personal Leave As a full-time employee, you will be eligible for up to 15 days of paid time off per calendar year. Blackboard employees also receive five floating personal days per year to use whenever you choose. Once you have been with the company for three years, you will be eligible for 20 days of paid time off per calendar year. Employees are eligible for 25 days of paid time off after eight years of service. Holidays Blackboard offices observe eight holidays per year. Maternity Leave If you go on maternity leave, Blackboard supplements Short Term Disability (STD) benefits by covering 100% of your pay for the waiting period plus 40% of your base salary for the remaining five weeks of STD for maternity claims. New Parent Leave As a new mom or dad, you are eligible to receive two weeks of paid leave to use within the first 60 days immediately following the birth or adoption of your child. Family Medical Leave Once the eligibility requirements under the Family Medical Leave Act are met, you may be eligible for up to 12 weeks of leave every 12 months to use for illness, care of your newborn or newly adopted child, or to care for a family member who is seriously ill. The District of Columbia provides up to 16 weeks of Family Leave and 16 weeks of Medical Leave in a 24 month period for employees working in the Washington, DC office. Other Leave As a full-time employee, you will also receive a paid time off benefit in the event of a death in your family, if you are called to jury duty, subpoenaed as a witness in a jury trial, or if you are called to military duty. Adoption Assistance Blackboard offers employees adoption assistance benefits to help employees with adoption-related expenses. Back-up Care Advantage Program Blackboard has partnered with Bright Horizons to provide -up care for your dependent family members. The benefit provides access to Bright Horizons childcare centers, in-home childcare, and in-home elder care throughout the United States. Employee Assistance Plan (EAP) You and your family have access to the EAP resource center and referral service at no cost to you. Through this program, you can receive confidential counseling, financial services, and legal assistance. Flexible Work Arrangements Alternative work schedules and partial week telecommuting are options available to employees in certain situations with approval from management and human resources. Benefits for your Personal and Professional Growth.

5 COMMUNITY Bb Education Corps Blackboard is a proud member of the communities in which we operate, and we feel a moral responsibility to serve as a driving force in learning and education across the globe. Through our partnership with Greater DC Cares and their worldwide partner, HandsOn Network, Blackboard grants full-time employees a day of paid time off annually to be used volunteering with an educational organization of your choice. Charitable Fundraisers The Blackboard Events Committee sponsors events throughout the year that are in support of the company s vision and mission. The events help to foster a positive work environment while furthering the cause of education in the community. PROFESSIONAL GROWTH Training & Development As a company dedicated to education, it only makes sense we are committed to the professional development of our own employees. Blackboard University, our professional development program, provides a variety of learning resources to all Blackboard employees. Recognition Awards Knowing you re doing a good job is one thing being recognized by managers or co-workers for your contributions is quite another. Our ABCD Awards Program, which stands for Above and Beyond the Call of Duty, serves as an umbrella for a variety of recognition and reward initiatives. OTHER GREAT BENEFITS Referral Incentives You may be eligible for a bonus if you refer an individual who is hired by Blackboard. Travel Assist If an emergency arises, whether you are on business or personal travel, you and your family may use this free service to assist with any travel issues that may occur. Discount Programs Discounts are available for cellular services, computer software, and fitness clubs through a variety of local vendors. Fitness Center Some office locations have onsite fitness centers and discounts are available for major fitness centers, chains, and clubs. Wellness Rooms Rooms are provided to allow for privacy for new moms to use for lactation or to rest if you are not feeling well. This document summarizes briefly the benefits available to Blackboard employees in the U.S. More detailed information is available in Blackboard s policies and the applicable legal plan documents, both of which take precedence over this summary. Blackboard reserves the right to change or terminate any of the plans or programs described in this summary at any time, without advance notice. Find out more at blackboard.com/careers.