1895 JW Foster Blvd.
Canton, MA 02021
CEO: Paul Fireman
Subsidiary of Adidas
Reebok is a leading worldwide designer,
marketer and distributor of sports, fitness and casual footwear,
apparel and equipment.
A subsidiary of Germany's Adidas Group,
the company operates under the Reebok, CCM, Jofa, and Koho brands.
Reebok was acquired by German athletic
apparel company Adidas in 2006 for $3.8 billion.
Reebok's origins go back to 1895 when Joseph
William Foster made running shoes with spikes in them. He formed
a company called J.W. Foster and Sons which made shoes for top
runners. The family-owned business made the shoes for athletes
in the 1924 Summer Olympics.
In 1958, two of the founder's grandsons
started a companion company that came to be known as Reebok,
named for an African gazelle.
In 1979, Paul Fireman, a partner in an
outdoor sporting goods distributorship, spotted Reebok shoes
at an international trade show. He negotiated for the North
American distribution license and introduced three running shoes
in the U.S. that year. At $60, they were the most expensive
running shoes on the market.
By 1981, Reebok's sales exceeded $1.5 million,
but a dramatic move was planned for the next year. In 1982,
Reebok introduced the first athletic shoe designed especially
for women; a shoe for a hot new fitness exercise called aerobic
dance. The shoe was called the Freestyle, and with it Reebok
anticipated and encouraged three major trends that transformed
the athletic footwear industry: the aerobic exercise movement,
the influx of women into sports and exercise and the acceptance
of well-designed athletic footwear by adults for street and casual
Reebok went public in 1985.
Reebok acquired the Hockey Company, a maker
of hockey equipment and clothing, in 2004.
The following summary describes the major
features of the benefits, which are available at Reebok International,
The Rockport Company LLC and Greg Norman Collection. Benefits
are offered to all employees unless specified otherwise. Full-time
employees are employees who work at least 30 hours per week.
MEDICAL INSURANCE (For New England except
Connecticut: Blue Cross Blue Shield HMO, PPO Plus, and PPO Basic.
For Non New England and Connecticut: United HealthCare PPO Plus
and PPO Basic)
Employees who work at least 20
hours per week are eligible to join our group medical plans after
one month of employment. We currently offer three health plans
(depending on your geographical location) so that you may choose
the plan that best suits your needs. All of our plans have prescription
DENTAL INSURANCE (For both New England
and Non New England: Delta Dental)
Employees who work at least 20
hours per week are eligible to join our group dental plan after
one month of employment. We currently offer two dental options
so that employees may choose the plan that best suits their needs.
GROUP LIFE INSURANCE & AD&D
Full-time employees. We currently
offer $10,000, one times an employee's base pay or two times
an employee's base pay; supplemental life up to $300,000. The
maximum coverage for Life and AD&D are $500,000 each.
LONG-TERM DISABILITY (Prudential)
Full-time employees. Coverage begins
on the 91st day of disability. We offer three different levels
of coverage - 50%, 60% and 70% of base earnings.
Full-time employees. Coverage equals
100% of base earnings for up to 90 days.
TRAVEL ACCIDENTAL DEATH & DISMEMBERMENT
(American International Group)
Five times your annual salary to
a maximum of $1,000,000. Coverage is free.
REEBOK EMPLOYEE STOCK PURCHASE PLAN
All Employees with six months of
service may elect to participate in the Reebok Stock Purchase
Plan. Employees may contribute between 2% and 10% of their
weekly earnings on an after-tax basis to buy stock at a special
discount at the end of an option period. Option periods
begin on January 1 and July 1.
REEBOK SAVINGS AND PROFIT-SHARING RETIREMENT
All employees with three months
of service (and over age 21) are eligible to participate in the
401(k) plan. Under this plan, employees may contribute
between 1% and 80% of pre-tax earnings, choosing how their contributions
are invested. To encourage participation, Reebok provides
an employer matching contribution of 50 cents for each $1.00
saved by the employee, up to 10%. This matching contribution
is vested over a five year period. Unless employees call
to decline participation or change their contribution percentage,
all newly hired employees will be automatically enrolled at 2%
and defaulted into the Stable Value Fund, after completing the
The Profit Sharing component is discretionary and is also vested
over a five-year period. Employees must be employed with RIL
for one year to be eligible to receive this discretionary contribution.
Twelve Vacation time is accrued
on a monthly basis. Full-time employees accrue .833 days per
month with a maximum of 10 days in a calendar year. In the calendar
year in which employees celebrate their fifth anniversary, vacation
is increased to three weeks, in the calendar year of their tenth
anniversary, vacation is increased to four weeks per year and
in the calendar year in which the employee celebrates their twentieth
anniversary, vacation is increased to five weeks per year. Part-time
employees working at least 20 hours per week accumulate vacation
time on a pro-rated basis.
PAID SICK LEAVE
Full-time non-exempt (generally
those paid on an hourly basis) employees accumulate ? day sick
time per month for the year. Part-time non-exempt employees working
at least 20 hours per week accumulate sick time on a pro-rated
11 holidays are observed annually
by Reebok International Ltd. Holidays typically observed by the
Company include, but are not limited to: New Year's Day, Martin
Luther King Day, Memorial Day, Independence Day, Labor Day, Thanksgiving,
Christmas Day. One floating holiday also provided.
Full-time employees are immediately
eligible for educational assistance. Undergraduate, graduate
and continuing education classes must be pre-approved and must
be both job related and required to enhance job performance.
Reebok International Ltd. reimburses up to 100% of tuition costs,
providing a "C" or better is earned. The maximum reimbursement
for the calendar year is $10,000 for graduate programs and $5,250
for undergraduate programs, which includes books and materials.
DEPENDENT CARE AND MEDICAL CARE REIMBURSEMENT
Full-time employees may elect to
defer pre-tax dollars to be used to reimburse qualified dependent
care and medical care expenses.
LIFE BALANCE RESOURCES
Free to employees. A nationwide
service designed to assist employees with information and resources
to balance the demands of work and personal life including finding
quality, near-site day care.
EMPLOYEE ASSISTANCE PROGRAM
Free to employees and their families.
Confidential counseling on personal issues.
Employees and their families are
able to purchase quality Reebok, Greg Norman Collection, Rockport,
and Ralph Lauren Footwear products at discount prices through
the Employee Purchase Program. They receive a 40% discount on
apparel and footwear products purchased at the company outlet
stores, and a 50% discount at all concept stores.
FITNESS AND WELLNESS CENTERS
For a low price, employees at the
Canton and Lancaster sites may access exercise classes, wellness
activities and state-of-the-art equipment in our professional
staffed fitness centers.
BUSINESS CASUAL ENVIRONMENT
Save the stiff, uncomfortable stuff
for social events. Suits and ties are not required.