GENENPAC FREQUENTLY ASKED QUESTIONS

GENENPAC FREQUENTLY ASKED QUESTIONS Does Genentech have a PAC? Yes, GenenPAC (Genentech) is a bipartisan, nonprofit PAC that accepts voluntary contributions from its employees for distribution to federal and state political candidates. All new members are enrolled in GenenPAC only. What agency regulates PACs? The PACs are regulated by the FEC (Federal Election Committee). A government agency created in 1975 to administer and enforce the Federal Election Campaign Act (FECA) – the statute that governs the financing of federal elections. For more information check out http://www.fec.gov/. Are my contributions confidential? No, FEC requires PACs to disclose the name, address, occupation and employer of each contributor who gives $200 or more in a calendar year and this information will be made public. How is the PAC managed/governed? Genentech's Government Affairs unit manages the PAC, which conducts administrative duties, e.g., membership, budget and contributions management. The PAC is governed by a Board of Directors who must abide by its bylaws. See the PAC Information link on Gwiz Commercial Portal/Government Affairs/GenenPAC and GGC portal for more information on Governance. Also, scan our QR code in the header of this document with your Iphone to access our mobile page -‐-‐
http://genenpac.gene.com. Who is eligible to give contributions to the PAC? Genentech exempt employees who are U.S. citizens or permanent residents of the U.S. are eligible to contribute to the PACs. Am I required to contribute to the PAC? No, you are not required to contribute to the PAC. Your contribution is strictly voluntary. You have the right to refuse to contribute without reprisal. The amount you contribute, or your decision not to contribute, will not benefit or disadvantage your employment. Why doesn't Genentech as a company contribute to the PAC? Federal guidelines prohibit Corporations from contributing to federal and some state candidate’s campaign expenditures. 3 $400,000#
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Why should I become a member? GenenPAC allows employees to have a voice in encouraging the election of legislators dedicated to helping the biotechnology industry. Also, Genentech's PACs employee contributions dollars lag behind other companies. As you can see, in 2012, Genentech/Roche employees contributed $293,005 to its PACs while Amgen employees contributed $915,956. How do I become a member of GenenPAC? To become a member, visit us on Gwiz Commercial/Government Affairs/GenenPAC and GGC portal and click the Enroll Now link. Also, our mobile page is http://genenpac.gene.com. You may also scan the QR code above with any QR Reader app from your Iphone. Contact Karron Clarke at [email protected] 202-‐296-‐7272 (o), 202-‐296-‐7290 (f), 202-‐664-‐7927 (m) if you have any questions. Are my contributions tax deductible? No, contributions are NOT tax deductible for federal income tax purposes, per FEC guidelines. Is there a limit to my contributions? There is a $5000 maximum annual contribution. What candidates/committees has GenenPAC and GGC contributed to in the past? All contributions are publicly disclosed on FEC.gov. 4

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