Total Reward
Pay | Development | Share and Savings | Health and Life
Total Reward at a Glance - US
(updated 25Jan2024) 1
US Total Reward at a Glance
Important Note
The information in this document is intended to provide you with an overview of some of the features and components of the Total
Reward programs at GSK. Every effort has been made to ensure the accuracy of the contents. However, in the unlikely event of a
discrepancy between the various plan summaries contained in this document and the provisions of the actual plan documents
governing all aspects of these plans, the language and the provisions of the actual plan documents will prevail. Employment at GSK
is an “at will” arrangement—nothing in this document should be construed as a contract of employment. The Company reserves the
right to amend or terminate its policies and/or benefit plans at any time, with or without notice.
Pay
Base Salary
• Paid twice-monthly
•
Reviewed annually by manager
Bonus/Incentive
Compensation
• Varies by grade and business unit
Recognition
•
Monetary or non-monetary awards, in recognition of exceptional contributions to GSK’s
success
Shares and Savings
Long-Term Incentives (if
eligible)
Share Value Plan
(Grades 1-6 only)
Note: US Sales Grades 7, 8
and 9 are covered under the
Field Sales Incentive Share
Award.
• Annual award of GSK shares that become the participant’s after three years, subject to
eligibility requirements
• Target award levels based on grade; the Remuneration Committee approves the award levels
at the time of the grant
• Delivered as American Depositary Shares (ADSs)
• Pro-rated for new hires / newly eligible employees based on the month hired or newly eligible
• Pro-rated for part-time (based on FTE)
• Individuals nominated for the Ahead Together award will receive an additional SVP award
GSK 401(k) Plan
• Immediately eligible to receive a 7% GSK Core Contribution regardless of whether you choose
to contribute to the 401(k)
• Contribute up to 50% of eligible pay up to the IRS limits (pre-tax and/or Roth 401(k) after tax)
• Receive up to a 4% GSK Match on your combined pre-tax and Roth 401(k) savings. Contribute
at least 4% for a total GSK contribution of 11% added to your savings
• Choose to invest your contributions, the GSK Core Contribution and GSK Match into a broad
range of diversified investment options.
Financial Education
•
Financial Health - online financial wellbeing resources including self-assessment, calculators,
videos, and articles to help you reach your financial goals
• Online Advice from Alight Financial Advisors LLC, powered by Financial Engines – advice on
investment strategy & retirement income
• Professional Management from Alight Financial Advisors LLC, powered by Financial Engines.
You may hire them to manage your 401(k) investments. There is a fee for this service
• Ernst & Young Financial Planner Line – telephone access to financial planners for any
financial topic, at no cost to you
• Ernst & Young Financial Planner website – resource for financial topics, webinars and an e-
newsletter
Total Reward
Pay | Development | Share and Savings | Health and Life
Total Reward at a Glance - US
(updated 25Jan2024) 2
Health and Life
Medical (includes
prescription drug coverage)
• Choice of GSK PPO Plan or GSK High Deductible Health Plan (HDHP), with choice of Aetna or
UnitedHealthcare (UHC) networks. HDHP participants may also participate in a Health
Savings Account (HSA) with a company contribution, if eligible.
• Prescription drug coverage administered by CVS Caremark, generally with a 10% coinsurance
(subject to minimums and maximums). GSK prescription drugs covered at 100%; for HDHP
participants, GSK drugs are covered at 100% after deductible. Active employees who waive
medical coverage are eligible for GSK prescription drugs paid at 100%; dependents of
employees who waive medical coverage are not eligible.
Dental
•
Choice of GSK Dental or GSK Preventive Dental Care, administered by MetLife Dental
Vision (coverage for glasses
and contacts)
•
Option to purchase GSK Vision Plan. Employees who waive vision coverage are eligible for the
GSK Discount Vision Program at no cost. Provided by EyeMed Vision Care
Life Insurance:
• Basic
• Supplemental
• Spouse/Domestic Partner
•
Child
• Company-paid basic life insurance of 1.5 times annual base salary
• Option to purchase supplemental employee life insurance up to 6 times annual base salary
• Option to purchase $10,000, $25,000, $50,000, $100,000 or $150,000 of life insurance
coverage for a spouse/domestic partner
•
Option to purchase $10,000 or $15,000 of coverage for child(ren)
Accidental Death and
Dismemberment (AD&D);
Business Travel Accident
•
Option to purchase employee AD&D coverage up to 6 times annual base salary (separate
from the life insurance coverage)
•
Business Travel Accident insurance coverage provided at no cost
Reimbursement Accounts
(FSAs)
•
Health Care (HCRA)
•
Dependent Care (DCRA)
• Option to contribute to a HCRA (tax-free reimbursements for qualifying health-related
expenses)
• Option to contribute to a DCRA (tax-free reimbursements for qualifying expenses for the care
of an eligible child or adult family member)
Short-Term Disability (STD)
Long-Term Disability (LTD)
•
Company-paid STD coverage provides a percentage of base salary for up to 180 days
• Company-paid LTD coverage at 50% of annual base salary plus target bonus
• Option to purchase LTD coverage at 70% of annual base salary plus target bonus
Voluntary Benefits
• Identity Protection offered at no cost with option to purchase family coverage
• Option to purchase Auto and Home Insurance
• Option to purchase Long-Term Care Insurance for self and spouse/domestic partner
• Option to purchase Pet Insurance
•
PerkSpot Discount program offered at no cost
Other Programs
Legal Plan; Commuter Benefits; Advocacy Services; Adoption Assistance; Employee Assistance
Program
Vacation
Vacation is based on years of
service and grade
Vacation is prorated for part-
time (based on FTE)
*Vacation is prorated in the
year of hire
Years of Service
Grades 7, 8, 9, 10
and equivalents
Grades 4, 5, 6
Grades 1, 2 3
0-4*
3 weeks
3 weeks
4 weeks
5-9
3 weeks
4 weeks
4 weeks
10-19 4 weeks 5 weeks 5 weeks
20-29 5 weeks 6 weeks 6 weeks
30 or more 6 weeks 6 weeks 6 weeks
Holidays
Holiday hours are prorated
for part-time (based on FTE)
Eligible for 15 holidays, including 9 company holidays, 4 year-end shutdown days, and 2 personal
holidays. Veterans also have the option to take Veterans’ Day as a paid day off.
*Eligibility for company holidays in the year of hire is based on hire date.
Other Paid Time Off
Time off for incidental and unforeseen needs (manager approval required);
Paid Parental Leave; Care of a Family Member Paid Leave; Bereavement Leave
