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Compensation & Benefits
Ardea Biosciences provides a competitive compensation and benefits package. Our compensation package includes a market-based philosophy for base salary, a pay-for-performance cash bonus program, spot awards and a long-term incentive program. In addition, our comprehensive Employee Benefits Program includes:
Health Insurance includes medical, dental and vision which is available on the first day of the month following the date of hire. We offer:
Medical: 90% premium contribution for HMO plan and an 80% premium contribution for PPO plan paid by the Company through Blue Cross. Either an HMO or PPO option is provided for you, your spouse or domestic partner and your children.
Dental: 90% premium contribution will be paid by the Company toward the comprehensive dental plan sponsored through United Concordia. Either a DMO or PPO option is provided for you, your spouse or domestic partner and your children.
Vision: 90% premium contribution will be paid by the Company. The Vision Service Plan (VSP) provides you, your spouse or domestic partner and children with an annual eye exam and frames and lenses coverage every 24 months through a participating vision provider.
Life and AD&D
A benefit of 2X salary for all regular employees up to a maximum of $600,000 is fully paid by the Company. Additional Life/AD&D coverage is available for employee, spouse or children at the employee’s election and cost.
Short Term Disability
After seven days, State Disability covers up to 55% up to the SDI maximum. The Company partially supplements SDI until Long Term Disability begins.
Long Term Disability Insurance (Income Protection Plan)
The LTD benefit covers 66.23% of pre-disability salary, up to a designated maximum, after a 180 day elimination period. Benefits may continue up to normal social security retirement age. Premiums are paid by the Company.
401(k) Plan (Tax-deferred Retirement Plan)
Our 401(k) plan offers employees the ability to set aside funds on a pre-tax basis into a retirement account. Enrollment into the 401(k) can occur anytime after an employee is hired.
Flexible Benefits Plan (Section 125)
Our Flexible Benefits Plan allows eligible employees to set aside funds on a pre-tax basis into a Flexible Spending Accounts to cover unreimbursed qualified medical care costs, as well as, eligible dependent care costs.
Transit and Parking Account (Section 132)
Our Transit and Parking account allows employees to set aside funds for public transportation, ride-share programs and parking expenses on a pre-tax basis.
• Dry-cleaning delivery
• Daily lunch delivery program
• Discount tickets to movie theatres
• On-site car wash service
• On-site massages
All benefits are subject to revision at the Company’s discretion.