Benefits

Employees who work at least 20 hours per week are eligible to participate in the benefit programs. Benefits become effective upon date of hire unless otherwise stated.

The information in this section comprises highlights from our benefits offering and is not intended to be comprehensive.

 

Health Insurance
AVEO provides its employees with two health insurance options through Blue Cross Blue Shield of MA. Under these plans, in-network office-visit co-pays are generally $20. Both plans offer an extensive network and no referrals are required to see specialists, whether in or out of network.
 
In addition to a generous prescription drug benefit, this plan also provides a fitness center reimbursement, a weight loss program reimbursement and discounts on massage therapy and acupuncture.

 

Dental Insurance

Our dental insurance coverage is through Delta Dental of Massachusetts. This plan covers preventive care at 100 percent, whether in or out of network. In addition, the plan covers basic care at 90 percent and major care at 60 percent, in network. Orthodontia care is covered at 100 percent for children and adults, whether in or out of network, with a $1,500 lifetime maximum.

 

 

401(k)

AVEO offers a 401(k) plan through Fidelity Investments. The plan includes a company match and employees are eligible to participate within a month of their date of hire.

 

Employee Stock Purchase Plan (ESPP)

AVEO offers an Employee Stock Purchase Plan (ESPP) which provides employees of the company with opportunities to purchase shares of our common stock at discount from the market price.

 

Employee Stock Incentive Plans (SIP)
AVEO Employees, officers and directors, are eligible to be granted stock options under the Company’s Stock Incentive Plan. Providing equity ownership opportunities and performance-based incentives are intended to better align the interest of employees, officers and directors with those of the Company’s stockholders.

 

Flexible Spending Accounts

AVEO employees may annually withhold pre-tax earnings for eligible medical, dental, and dependent care expenses.

 

Life Insurance and AD&D

AVEO provides employees with Life and AD&D insurance. There is no cost to the employee for this benefit.

 

Short and Long Term Disability

AVEO offers Short and Long Term disability coverage to provide income protection in the event of an eligible medical condition.

 

There is no cost to employees for this benefit.

 

Commuter Benefits

AVEO subsidizes parking and transit benefits for its employees.

 

Time to Relax and Recharge

AVEO employees accrue vacation time based on their years of service; new employees accrue 1.25 days per month.

 

Holidays

AVEO observes ten official holidays and two floating holidays per year.

 

 

Parental Leave
AVEO offers five days paid leave for employees whose partner has given birth or who have adopted a child and are not the primary caregiver.

 

Adoption Leave

AVEO offers five weeks of paid leave for employees who are the primary caregiver of a newly adopted child.

 

Bereavement Leave

In the unfortunate event of a death of an immediate family member a leave of absence up to three days with pay will be provided.

 

 

Tuition Assistance

AVEO will reimburse employees up to $4,000 per year for job-related accredited undergraduate and graduate level courses.

 

Trainings, Meetings and Conferences

AVEO offers on-site training sessions that are open to all employees. We also support employees attending off-site professional association meetings and conferences and encourage them to bring back fresh perspectives and ideas that will propel us forward.