Leaving Snowflake

Your medical, dental, and vision coverage ends on the last day of the month in which your employment ends. You’ll have the opportunity to continue your medical, dental, vision, and EAP coverage (and FSA-Healthcare, if enrolled) through COBRA, which requires timely enrollment and premium payments to continue coverage.

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a federal law that entitles you and your eligible family members to extend your health care (Medical, Dental, Vision, EAP, and FSA-Healthcare) coverage for a period of time after it would otherwise end.

Every benefit covered employee who has their hours of employment reduced or leaves Snowflake(unless due to misconduct) will be offered the opportunity to retain benefits temporarily through COBRA for themselves and their covered dependents.

If you become ineligible for Snowflake’s health & welfare benefits, we notify the carrier of your qualifying event on a weekly basis. A benefit packet will be sent to you via US mail within 14 days of your termination date by the COBRA administrator, Empyrean, for your options under COBRA.  If you decide to enroll in COBRA, you may either return the enrollment paperwork sent by Empyrean or call Empyrean at (833) 874-1600 Monday through Friday, from 7 am to 7pm CT to enroll.

When COBRA coverage is elected and payment is received, coverage is retroactive back to the first day of loss of coverage. You and your dependents are required to pay 102% of the cost of the premium which includes an administrative fee. To view our current COBRA premiums, click here.

All questions regarding COBRA, (i.e. I have not received my COBRA packet or How can I enroll?) should be directed to Empyrean Benefits by calling (833) 874-1600 Monday through Friday, from 7 am – 7 pm CT.

Upon leaving Snowflake, contributions will stop prior to your final paycheck. You can keep your HSA account balance with HSA Bank. You may continue to use your funds to pay for eligible health expenses. However, be sure to note that your Snowflake company contribution will stop, and you’ll be responsible for any banking fees associated with your HSA. You may also process a rollover to another qualified plan at any time. Contact HSABank for additional details.

Dependent Care FSA
Contributions will stop prior to your final paycheck. You can incur claims through your date of termination.  You have 90 days from the end of the year to submit claims.

Health Care FSA
Contributions will stop prior to your final paycheck. Participation ends as of your date of termination. You have 90 days from the end of the year to submit claims. You will have the option to continue plan participation coverage through COBRA. Your Navia debit card will be deactivated as of your date of termination.

Commuter Benefits
Contributions to the Commuter program will stop prior to your final paycheck. Your commuter benefits for parking and transit will end on your termination date. Any unused pre-tax credits in your account will be forfeited. You’ll lose access to the current benefits account and any remaining funds. Your Navia debit card will be deactivated as of your date of termination.

Life and AD&D Insurance
Your Snowflake coverage ends on your termination date. You may convert your Basic life insurance policy to individual policies within 31 days. You’ll be responsible for the premiums for this individual coverage. The life insurance carrier will notify you directly.

Short-Term and Long-Term Disability Insurance
Your Snowflake-provided short-term disability insurance and long-term disability insurance end on your termination date. These plans do not provide an opportunity to convert to individual coverage.

Adoption and Reimbursement
You must be actively employed by Snowflake on the date the child is placed in your home or the date the adoption is finalized to be eligible for reimbursement. To request reimbursement, send your eligible receipts to benefits@snowflake.com for processing.

Identity Theft Protection
Contributions to ID Theft Protection will stop with your final paycheck. Coverage ends on your date of termination.  Contact LifeLock at 866-456-9316 to discuss your options for continuing coverage. Employees have 30 days from their term date, to opt in to continue the service and receive the 35% discount. options for continuing coverage.

Legal Assistance
Contributions to Group Legal will stop with your final paycheck. Coverage ends on your date of termination.  You’ll have 90 days to opt in to continue coverage. Contact ARAG at 800-247-4184 to discuss your options.

Optional Long-Term Care Insurance
Your Trustmark life insurance with long-term care policy can continue beyond your Snowflake employment as long as you continue to remit the required monthly premium payment. This policy is completely portable – meaning you take the coverage with you if you change jobs or retire from your current employer. You can continue coverage without any change in premium or benefit amounts. You can contact the Trustmark customer care team at 800-918-8877 for assistance.

Pet Insurance
Contact Nationwide at 877-738-7874 to discuss your options for continuing coverage.

401(k) plan
Contributions to the Snowflake Inc. 401(k) Plan will stop with your final paycheck. Your 401(k) account and balance are portable. You can decide to keep your money invested in your current Fidelity account. Or, you’ll have the opportunity to roll over your balance to another employer’s plan or a qualified retirement account (e.g., an IRA). There are no tax consequences for this rollover.

• If you have a 401(k) loan, a loan payment will be withheld from your final paycheck.
• Terminated participants have the option to set up an ACH loan repayment that follows the amortization schedule with payments made from their bank account after termination to avoid defaulting on the loan.
• Alternatively, you can pay off the loan with a lump sum payment.
• If no payment is made, the loan will be delinquent at the end of the quarter in which you fall behind on payments. The loan would then default at the end of the following quarter if the loan is not paid off or caught up.
• Fidelity will send you notifications regarding your loan.

Employee Stock Purchase Plan (ESPP)
The Snowflake shares you previously purchased through the ESPP are yours—there is no vesting period. If your last day is during an active offering period, you will be withdrawn from ESPP, and all contributions made will be refunded to you via Payroll. However, if your last day is on an ESPP purchase date, you will be eligible to participate in the ESPP purchase on that date.

Restricted Stock Units (RSUs)
Your restricted stock units (RSUs) will stop vesting as of your last day of employment at Snowflake. Any unvested RSUs will be forfeited. Shares that have already vested are yours and yours to keep until you decide to dispose of them. Your rights and obligations with respect to your RSUs are described more fully in your equity agreements, grant notices, and applicable plan documents.

Stock Options (ISO/NQ)
Your stock options (ISO/NQ) will stop vesting as of your last day of employment at Snowflake. Any unvested stock options will be forfeited after termination. You have 3 months to exercise your vested stock options; once it exceeds 3 months, those unexercised shares will be canceled.  Your rights and obligations with respect to your stock options are described more fully in your equity agreements, grant notices, and applicable plan documents.

For any additional questions regarding your Snowflake Benefits, please contact snowflake@alliant.com or (925) 378-6485.