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Headquarters:
495 East Java Drive
Sunnyvale, CA 94089
Employees: 7,600
CEO: Dan Warmenhoven
Stock Symbol: NTAP
Website:
http://www.netapp.com
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Network Appliance (NetApp) is a leading provider of storage and
data management solutions for businesses. The company brings
simplicity to the complex world of data management through data-center-proven
solutions for storing, managing, protecting, and retaining corporate
data.
The NetApp family of fabric-attached storage
(FAS) systems includes primary and secondary storage solutions
for a broad range of SAN and NAS network environments-from large
corporate data centers to medium-sized businesses, departments,
and remote offices. Unified by the Data ONTAP operating system,
these systems deliver unmatched flexibility, scalability, administrative
simplicity, and storage utilization for great price-performance.
Through V-Series storage virtualization systems, NetApp extends
these capabilities to heterogeneous storage networks. NetApp
also brings enterprise-class storage and data management capabilities
to small businesses.
NetApp offers a comprehensive software
suite of management tools that are tightly integrated with Oracle,
SAP, and Microsoft business applications for Windows, Linux,
and UNIX platforms to ensure high application availability and
unparalleled administrator productivity.
The company was founded in 1992 and has
113 offices worldwide. The company went public in 1995.
Network Appliance was named the Best Company to Work For in America by Fortune magazine for 2009.
The company announced in May it will acquire Data Domain Inc. for about $1.5 billion.
In fiscal 2008, the company reported record revenues of $3.3 billion and net income of $87 million.
Benefits
401(k) Tax Deferral Investment Plan
NetApp's 401(k) allows employees to make pre-tax contributions
of a portion of their income into a retirement investment account.
Participating employees pay no taxes on their payroll contributions
(or gains on these contributions) until they take a distribution.
In addition, NetApp matches employee contributions by up to $3,000
per year based on a specified formula. Employees become eligible
on the first day of regular employment. Employees may rollover
funds from previous 401(k) programs.
New Hire Stock Options
As part of the overall compensation philosophy, NetApp offers
new hire stock option grants to all new regular employees. The
number of options granted will vary depending on an employee's
job position and level and is in addition to the employee's base
salary and participation in the annual incentive program. The
new hire stock option program gives employees the option to purchase
a specified number of shares of NetApp Common Stock over the
term of the option at a specified price. Upon approval, all new
hire stock option grants will be effective and priced (fair market
value at the close of the stock market) on the 15th of each month
(or the next business day, should the 15th fall on a weekend
or holiday) for the previous month's new hires.
Employee Stock Purchase Plan (ESPP)
The ESPP is a payroll deduction plan that allows eligible NetApp
employees to purchase shares of NetApp Common Stock (Nasdaq:
NTAP) twice a year at a discount from the market price. All full-time
NetApp employees are eligible to enroll in the plan at the first
enrollment date following their employment with NetApp. The maximum
contribution amount is 10% of cash earnings.
Medical, Dental, and Vision Highlights
The company provides a comprehensive medical, dental, vision,
and prescription program. New employees are eligible to enroll
on their first day of regular employment.
Time Off
Vacation Pay
NetApp provides its regular full-time employees paid vacation
based upon an individual's service. Vacation can accrue up to
a maximum of 160 hours. Vacations are typically taken when work
schedules permit. The vacation accrual schedule is as follows:
| Length of Service |
|
Annual Pay |
|
Annual Per Pay
Period |
| 0-2 Years |
|
12
days |
|
3.7
hours |
| 2-5 Years |
|
15
days |
|
4.6
hours |
| 6+ Years |
|
20
days |
|
6.1
hours |
Holidays
In the United States, NetApp observes 10 paid holidays, which
include the following:
New Year's Day
President's Day
Memorial Day
Independence Day
Labor Day
Thanksgiving Day & the day after Thanksgiving
Christmas Holiday
Sick Pay
NetApp provides paid sick time for an employee's short-term incapacitation
due to non-work related illness or injury. The accumulation rate
is 3.08 hours per pay period. The maximum accumulation is 240
hours.
Disability
The company also provides employees income protection for extended
periods of time when an employee cannot perform the duties of
his/her occupation due to a non-work related injury or illness.
Short- and long-term disability are provided at no cost to the
employee.
Life Insurance and AD&D Highlights
The company provides all full-time, regular employees life insurance
and AD&D coverage at no cost to the employee. This coverage
commences on the employee's first day of regular employment.
An employee may also purchase additional life insurance coverage.
Life Insurance Coverage Amounts
Basic Coverage - 2 times annual salary to a maximum of $450,000
For sales personnel: Basic Coverage - 2 times (salary plus average
annualized commissions) to a maximum of $450,000
Accidental Death and Dismemberment
AD&D benefits help protect employees and their families against
financial hardship if an employee dies or is injured in an accident.
Coverage: The amount of AD&D benefits
is equal to the amount of standard life insurance.
In the event of a death, the benefits will
be paid to the beneficiary named for Life Insurance. Benefits
will be paid to the employee if an injury or other loss occurs.
Flexible Spending Plan
Network Appliance provides employees with the option of participation
in the Flexible Spending Plan. This plan runs on a calendar year
with an open enrollment every December for the following year.
Employees can choose to contribute pre-tax dollars into the Health
Care or Dependent Care Account.
Mass Transit and Parking
The company also provides mass transit and parking accounts for
employees.
Updated May 30, 2009
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