Incyte: About Incyte: Compensation and Benefits

Compensation and Benefits

Incyte's most valuable asset is our employees. They are important to our company's success. To help support our employees throughout their careers at Incyte we strive to offer a complete and generous compensation and benefits plan which helps them create a proper work/life balance.

Benefits at a Glance

At Incyte, you receive an expansive benefits package aimed at helping you and your family maintain a healthy lifestyle, achieve a proper work/life balance, manage your finances, plan for retirement, and live a less stressful life. Some of our many employee benefits include a comprehensive health plan and vision care plan, 401(k) with a Roth 401(k) feature, Employee Stock Purchase plan, and more. Incyte offers full time employees, regularly scheduled to work 30 hours or more per week, coverage on the first day of employment. Dependents are also covered, including an eligible spouse or domestic partner and children up to age 26.

	For Your Health and Welfare... Get the right tools and services to manage your health proactively, including a range of comprehensive medical, dental and vision plans. For employees working 30 hours or more per week, Incyte pays 100% of the premium cost of health insurance for its employees and 95% of the premium cost for eligible dependents. Personal Protection... Peace of mind is important to everyone. That is why Incyte offers employees life insurance and disability benefits at no cost to you. We also provide access to a group legal plan and pet insurance. Your Financial Future... Incyte offers a 401(k) Plan designed to help you save for retirement and other important financial goals. You may also participate in our employee stock purchase plan which allows you to buy Incyte stock at a discount. We even offer free educational seminars on a variety of subjects throughout the year to help you plan for your future. Time Away from Work... Take time off work for vacations, holidays, personal, sick time, military and personal leaves of absence. Additional Benefits... To show employees how much they are valued Incyte offers several additional benefits.

Compensation

Incyte provides a competitive and comprehensive compensation package, which includes both short-term and long-term rewards for performance. Our pay for performance philosophy is encourages managers to make compensation decisions that differentiate individuals based on their contributions to individual and corporate goals.

	Base Compensation With Incyte employee base salaries typically at or above the median for the Biotechnology/Pharma industry, we realize that a competitive base salary is important to attract and retain the talent needed for our success. Each salary level depends on the job characteristics, market competitiveness as well as the skills of each employee. Annual merit increases are awarded based on contributions made during the calendar year and increases to base salary are also available through promotions and equity adjustments. Variable Compensation Incyte has two variable compensation plans – our Incentive Compensation Plan (ICP) and our Long-Term Incentive Plan (Stock Options). All employees who meet the hire date and minimum work hours/week requirements are eligible to participate in both plans. The ICP plan is an annual cash incentive plan with awards determined by both performance versus corporate and personal goals. Annual stock options are reflective of option targets based on job category and individual performance. All new hires are also granted new hire stock options as an incentive to join Incyte. Rewards & Recognition Referrals: The employee referral program awards a cash bonus of $1,000 for Non-Exempt positions and $2,000 for all others. The referred applicant must be an employee for 90 days before receiving the bonus. Spot Bonuses: Manager’s can give out "Spot Bonuses" based on their discretion to anyone in their group for a job well done. This can include non-monetary awards as well as cash bonuses up to $5,000.