Voluntary Benefit Highlights

In addition, each program also includes an annual $75 Wellness Benefit (per covered family member). This means each covered family member can receive a maximum of $225 (if enrolled in all three programs), which can significantly offset the cost of these programs.

_{These insurance programs are not intended to replace your current healthcare coverage but should be elected as a supplement.}

_{When deciding whether you want to enroll in one of these plans, you should review them with your available medical plan options.}

You will have the opportunity to elect these benefits during enrollment.

_{NOTE: Actual plan provisions for Parker ("the Company") benefits are contained in the appropriate plan documents, including the Summary Plan Description (SPD) and incorporated benefit/carrier booklets. The Benefit Enrollment Guide is a summary only and does not describe each benefit option. This Benefit Enrollment Guide provides updates to your existing SPD as of the first day of plan year, which describes your health and welfare benefits in greater detail. Until the Company provides you with an updated SPD, this guide is intended to be a Summary of Material Modification (SMM) and should be retained with your records along with your SPD. As always, the official plan documents determine what benefits are available to you. If any discrepancy exists between this guide and the official documents, the official documents will prevail. The Company reserves the right to amend or terminate any of its plans or policies, make changes to the benefits, costs, and other provisions relative to benefits at any time with or without notice, subject to applicable law.}