Vacation
Based on and subject to the terms of RYAM’s vacation policy, you will be eligible for four weeks of vacation based on your experience equivalent. The vacation year begins on January 1st of each year, and a copy of RYAM’s Vacation Policy, HR 13.0 has been included in your offer packet.
Relocation
RYAM will provide you with a relocation benefit consisting of a lump-sum payment of the net amount of $25,000 to cover relocation expenses, such as temporary living. You will also be eligible to receive other incidental relocation benefits related to the movement of household goods under the terms of the RYAM Relocation Practice HRP 7.0, subject to review and approval by RYAM.
Should you voluntarily leave RYAM or be terminated by RYAM for Cause, as defined in the Rayonier Advanced Materials Inc. Amended and Restated Executive Severance Pay Plan as currently in effect, within two years of the later of (i) your date of hire or (ii) the payment date of final relocation expenses by RYAM or the company’s representative, Sterling Lexicon, where “payment date of final relocation expenses” is defined as the final payment of miscellaneous expenses in excess of $5,000, all relocation expenses must be repaid to the company prior to the last day as a RYAM employee.
Benefits Programs
RYAM provides a comprehensive and competitive benefits package designed to help employees plan for their future. Information on these programs is enclosed in the offer packet. As a RYAM salaried employee, you will be eligible to participate in the various plans and policies comprising the RYAM Benefits Program, including the Rayonier Advanced Materials Inc. Non-Change in Control Executive Severance Plan (a copy of which is included in your offer packet), upon your date of hire, subject to all plan and policy terms, conditions and eligibility requirements.
In addition to the standard non-change in control severance plan, you will participate in the Rayonier Advanced Materials Change in Control Executive Severance Plan as a Tier I executive. The terms and conditions are reflected in the copy of this Plan included in your offer packet.
You will also be eligible to participate in the executive perquisites program as may be in effect from time to time that currently provides for an age-based executive medical program which is currently through the Mayo Clinic as well as a financial planning reimbursement program of up to $25,000 per year for eligible expenses. Your participation in these programs will start on your hire date.
An employee services specialist will review the benefit plans in detail with you upon your hire date.
CORPORATE HEADQUARTERS
1301 Riverplace Blvd., Suite 2300 • Jacksonville, FL 32207
904-357-3773 • jay.posze@rayonieram.com •www.RayonierAM.com