Volunteer Service Program
Upon the recommendation of any
eligible individual, the company will
contribute up to $500 to an eligible
organization that the individual is
involved with on a volunteer basis.
Eligible individuals and eligible
organizations are defined above under
the Matching Grant program.
An individual must be actively and
continuously involved for at least 12
months as a member of the governing
or policy-making board or as a
volunteer of the organization.
Attendance at occasional meetings or
fund raising events is not sufficient.
Only one volunteer service grant may
be awarded per individual, per calendar
year. No more than four volunteer
service grants may be awarded to the
same organization in a calendar year.
Employee Volunteerism - employees
volunteer 10 paid hours per month.
Matching Grant Program
The Company will make a 50% matching contribution for gifts of cash
or publicly traded securities to eligible organizations. A gift of
securities will be matched on the basis of the market value of the
securities on the date of contribution.
A gift must actually be made, not merely pledged, and must be from
the employee's own assets. Neither testamentary gifts nor payments
for membership dues, subscription fees, tuition, or other charges for
benefits of any kind qualify for matching grants.
Regular, full-time, management and administrative employees are
eligible to participate. Eligible organizations include those that have
established and maintained Federal tax-exempt status as a charitable
organization under Section 501 (c) (3) of the Internal Revenue Code
and are a public organization exempt from private foundation status
under Section 509 (a) (1), (2), or (3) of the Code.
Fund gathering organizations such as the United Way are not eligible
for volunteer service grants or matching grants as they are otherwise
covered by Naviasys’ contributions program. Religious, labor, or
fraternal organizations are also ineligible except for programs that
benefit the community at large. Political parties, organizations,
candidate or issues, also fall outside of the eligibility guidelines for
matching grants.
The minimum gift that the company will match is $25. The maximum
number of matching grants per individual per calendar year is four.
The maximum amount that the company will contribute per individual
per calendar year is $4,000.
Incentive Award Program
Naviasys’ involvement in the Incentive Awards Program means that high-achieving high school students from San Jose can qualify for
scholarships and other assistance to attend the prestigious University of California, Berkeley .
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