BASIC AD & D INSURANCE

Through the choices Benefit Plan, you automatically receive AD & D Insurance coverage equal to:

Two (2) times Annual Salary (Maximum $1 million)

AD & D Insurance provides you with 24 hour protection in the event you die or are seriously injured in an accident on or off the job on business, on vacation or at home. If you die in an accident, your benefit will be 100% of your coverage – two (2) times Annual Salary. AD & D benefits are paid on a tax-free basis to your beneficiary in addition to Basic Life Insurance benefits, but are not a replacement for Life Insurance since they are payable only in the event of an accident. If you are seriously injured, your benefit will be a percentage of your salary according to a detailed schedule of benefits.

Cost of Basic AD & D Insurance

Teva Canada pays the full cost of Basic Employee AD & D Insurance coverage. This is currently not a taxable benefit*.

* Is a taxable benefit for Quebec employees.

Additional AD & D Insurance Benefits

Here are some of the additional benefits included as part of your AD & D Insurance coverage:

• Rehabilitation benefit • Child care benefit

• Spousal occupational retraining • Family transportation

• Child education benefit • Repatriation benefit

• Identification benefit • Hospital benefit

• Seat belt benefit • Home alteration and vehicle modification (coverage may be adjusted)

What if you want increased Coverage?

If you want additional AD & D Insurance coverage for yourself or your dependents, optional coverage is offered through the Optional Insurance Benefits available under the Benefits Plan. Please see the Optional Insurance Benefits section for more information.