EMPLOYEE HEALTH AND WELLNESS

NOVOLEX PROVIDES

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VARIETY OF BENEFITS and other resources for all members of the Novolex family to foster our goal to provide a work environment that supports employee and family wellbeing.

In 2022, Novolex collected feedback to increase employee input on health and well-being using surveys, employee listening sessions, and utilizing our network of more than 100 frontline Human Resources professionals who interact with employees daily. The goal was to identify how we could better communicate the Novolex benefits program value proposition, improve employee understanding of company health and welfare programs, and encourage employees to take steps to maintain or improve their good health.

The research resulted in new communications strategies. The use of infographics, posters with QR codes, and digital displays were expanded throughout plants and offices to provide employees with easily accessible information about the various programs and benefits available to them. Other forms of communication, such as the MyChoice mobile app, were highlighted to promote access to the benefits portal. Mobile access enhances an employee’s benefits experience in a quick and efficient way—providing the information they need all in the palm of their hands. Using apps to deliver benefits content also saves trees and costs by reducing hardcopy materials mailed to homes.

NOVOLEX CHAIRMAN'S SCHOLARSHIP

In its inaugural year, five children of Novolex U.S. employees received four-year scholarships to post-secondary schools of their choice. Applications submitted annually by employee children are reviewed by a panel of employees who select the winners.

In 2022, Novolex introduced a new program— GIThrive—a gastrointestinal (GI) health management program in response to GI-related disorders being the second highest driver of claims in the Novolex-sponsored medical plan and a cause for time off from work. With GIThrive, eligible employees and their spouses have access to a GutCheck microbiome analysis, registered Dietitian and Health Coach, on-demand courses and expert articles, and a personalized action plan to help improve their digestive health.

NOVOLEX BROAD-BASED EMPLOYEE AWARD PLAN

In 2022, Novolex introduced a new award plan for employees to recognize their contributions to the growth of the company. The Novolex Broad-based Employee Award Plan provides eligible employees with an opportunity to participate in the growth and success of Novolex, offering a cash award to eligible employees based on an increase in the valuation of the company. The benefit is available to everyone after one year of service—from employees in upper management to the production floor, salaried and hourly, and union and non-union, and requires no employee contribution to participate.