Sysco’s Executive Rewards Program provides competitive compensation and benefits programs for our executive leaders that enhance the comprehensive rewards package available to other Sysco associates and recognize the critical leadership role our executives play in driving Sysco’s success. This group is commonly referred to as the MIP group, as they are participants in the Management Incentive Plan (MIP).
There is a special enrollment period for Long-Term Care Insurance from August 16 to September 2, 2022.
Long-Term Care (LTC) Insurance base coverage is provided by Sysco at no cost to you and is not subject to medical underwriting. This base coverage offers a benefit of up to $2,000 per month for up to three years (i.e., a lifetime maximum of $72,000). After a 90-day waiting period, benefits are paid for:
In addition to LTC benefits provided by Sysco, you can purchase additional coverage for yourself. If you purchase this during your initial enrollment period (your initial enrollment period begins on your MIP Entry Date and ends after 30 days), there is no medical underwriting. You can:
With medical underwriting, you can:
You can also purchase similar coverage for family members subject to medical underwriting. To learn more about this benefit or to purchase additional coverage, visit UnumInfo.com/syscocorp and click the Enrollment link in the upper-right corner.
When your employment ends, you may convert your coverage to an individual policy at the same rate and coverage level.
Resources are available to assist you with questions. Contact an executive benefits specialist at 281-584-5933, call Fidelity Executive Services at 800-533-8004 or email TotalRewards@corp.sysco.com.
This webpage does not create any contractual rights to the benefits described nor does it represent a contract of employment or a guarantee of benefits. While Sysco intends to continue the described plans and policies, it reserves the right to change or terminate them at any time.