The Pulse Magazine Spring 2022 | Page 11

EMPLOYEES HIRED BEFORE 2020 ENTERED THE ARDX ESOP :
EMPLOYEES HIRED AFTER 2020 ENTER THE ARDX ESOP :
ASSUMPTIONS FOR THESE EXAMPLES :

EMPLOYEES HIRED BEFORE 2020 ENTERED THE ARDX ESOP :

SHAREHOLDER A
• Hired before 1 / 1 / 2020
• All eligible employees hired before 1 / 1 / 2020 entered the ARDX ESOP on 1 / 1 / 2020
SHAREHOLDER B
• Hired on 1 / 1 / 2020
• All eligible employees hired on 1 / 1 / 2020 entered the ARDX ESOP on the date of their hire

EMPLOYEES HIRED AFTER 2020 ENTER THE ARDX ESOP :

SHAREHOLDER C
• Hired from Jan 2 — Apr 1
• Enters plan on 4 / 1 of the following year
SHAREHOLDER E
• Hired from Jul 2 — Oct 1
• Enters plan on 10 / 1 of following year
SHAREHOLDER D
• Hired from Apr 2 — Jul 1
• Enters plan on 7 / 1 of the following year
SHAREHOLDER F
• Hired from Oct 2 — Jan 1
• Enters plan on 1 / 1 of following year

ASSUMPTIONS FOR THESE EXAMPLES :

• Each Shareholder is at least age 21 . If you are under 21 , email ESOP @ ARDX . net to determine your entry date .
• All employees are eligible to participate in the ESOP . Certain categories of employees ( collectively bargained employees , leased employees , etc .) are excluded from participating . Email ESOP @ ardx . net , to confirm your eligiblity .
• All final dates of entry into the ARDX ESOP will be determined by the ARDX ESOP plan administrator .
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