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Benefits

At Mentor Graphics, our software products are on the cutting edge, and our Benefits programs are, too. Of course we have great health and income protection plans. It's our innovative approach to employee stock purchase, our adoption benefit, and many other programs that really set us apart.

Mentor benefit programs vary with the locations where Mentor people work so they’re competitive with local markets and compliant with local legislation. All are aimed at providing security and making it easier to enjoy your work and life.

Example Benefits

Employee Stock Purchase Plan

Available in 16 countries, the plan offers the opportunity to purchase Mentor Graphics shares at a 15% discount.

Adoption Benefit Program

Designed to help offset the costs of adopting a child, the program reimburses 100% of all eligible legal, medical, and agency fees related to the adoption, up to $5,000.

Pre-paid Legal Program

You, your spouse or domestic partner, and your eligible dependents can elect to receive a wide range of legal services from experienced attorneys at a low semimonthly rate.

Flexible Time Off (FTO)

Exempt Employees

Under the Exempt FTO Policy, you may take time off from work as reasonably requested subject to prior approval by your manager.

Non-Exempt Employees

In addition to the paid holidays for your work location, you’ll receive 24 days of paid time off to use at your discretion, beginning with the first year of employment. Employees accrue two days of paid time off per month until their accrual reaches 240 hours.

Learning Benefits

Mentor strongly encourages employees to continually develop, improve and update their knowledge and skills in order to maintain a competitive edge. That's why we offer programs and services ranging from Tuition Reimbursement to Corporate Library research assistance to Professional Development programs for technical and non-technical education. We also recognize that our success is dependent on the innovative contributions of our employees. That's why we've implemented a company-wide recognition and bonus program to encourage employees to take the initiative in writing company-related papers for publication in national or industry professional publications. It also provides reward and recognition for those employees who file applications for and receive technology patents.

Corporate Library

The Corporate Library serves all employees worldwide, supplying technical research services and business information to help employees compete in our industry and stay current in our technologies. On-line library catalog and information requests for Journals/Articles, Books and IEEE Standards. Research help ranging from Technical and Patent research to Business and Marketing research.

Professional Development Group

The Professional Development Group is available to help answer questions and provide information about internal and external education options, from non-technical and managerial programs to technical programs to family support seminars and materials.

Tuition Reimbursement

Tuition Reimbursement is designed to support business-related degree programs and continuing education through college or university courses which are in keeping with Mentor Graphics' current and future business needs.

Funding

Mentor Graphics has an uncapped reimbursement policy. The first $4000 of Tuition Reimbursement will be funded annually for an employee as a benefit. Managers may choose to fund additional Tuition Reimbursement from their own cost center as long as it meets the criteria described here. If an employee has received Tuition Reimbursement exceeding $10,000 in the last 12 months and terminates employment, the employee will be required to repay 50% of the tuition reimbursement received in the preceding 12 months.

Covered Expenses

100% for tuition, books, and other costs associated with courses such as lab fees (calculators and regular school supplies are not reimbursable items). Indirect costs such as application and program fees, parking, interest charges, deferral charges, drop charges, travel and meals, and other non-course related fees are not covered.

Eligibility

Tuition Reimbursement is available to regular employees who have been at Mentor Graphics for a minimum of six months and work at least 20 hours or more per week. Tuition reimbursement is pro-rated for employees working less than full-time.

Management pre-approval is required prior to enrolling in continuing education courses and degree programs. Classes must be taken for credit and completed with a grade of "C" or better or "Pass" if taken on a "Pass/Fail" option. Classes must be taken through an accredited college or university and be transferable to another college or university.