Australia 

LIFE & SERIOUS INJURY BENEFIT

In the unfortunate event that an employee passes away, NAS provides a taxable $1.5 million USD Life benefit to the employee's designated beneficiary. The Life benefit provides financial protection for beneficiaries when an employee passes away. NAS also provides you with up to a $400,000 USD benefit if you suffer a serious injury.

MENTAL HEALTH SUPPORT BENEFITS

At NAS, we know you want to produce work you are proud of. In order to perform your best, you have to feel your best. That is why we provide unlimited app-based coaching through Headspace Health; meditation and mindfulness resources through Headspace; and access to free counseling, and work-life referrals through the EAP. 

PENSION/RETIREMENT

NAS will make mandatory contributions of 12% of your ordinary time earnings to your selected superannuation fund. 

FAMILY-FORMING BENEFIT 

We want to ensure that all NAS employees feel supported, no matter where they are in their family-forming journey. That’s why we partner with Carrot to offer a $44K AUD lifetime benefit for employees and/or their spouses/partners to use towards their family-forming journey. This includes preservation, fertility, surrogacy & adoption services. 

FAMILY CARE / HOME RESOURCES

To help remove distractions from your life, NAS pays for 15 days of child, elder, adult, or pet backup care reimbursement through Care.com. 

LONG-TERM DISABILITY INSURANCE (LTD)

It’s important to us that you take care of yourself! Long-Term Disability (LTD) insurance helps supplement up to 75% of your income in the event that you are deemed disabled for more than 90 days. 

TIME AWAY

We offer additional paid time-off including vacation, holidays & sick time.

Annual Leave (Vacation)

• Twenty (20) days of paid annual leave

Personal/Carer Leave (Sick Time)

• Ten (10) days of paid leave

• Two (2) days of unpaid leave

Bereavement Leave

• Twenty (20) days of paid leave

Additional Leaves Offered include:

• Parental Leave - New for 2025!

• Medical Leave - New for 2025!

• Non-Statutory Carer's (Family Medical) Leave - New for 2025!

Public Holidays

• Paid holidays vary by state/territory. For public holidays by state/territory, click here. 

Any other time off not noted here will be provided as required by law.

EMPLOYEE GIVING

At NAS, you have the ability to impact the world through the work you do. And we realize you may also want to make an impact in a more personal way. In the spirit of freedom and responsibility, you choose the eligible organization(s) important to you, and NAS will match your contribution $2 dollars for every $1 you donate and $50 for every volunteer hour up to $20,000 USD (or local currency equivalent). 

STOCK OPTION PROGRAM (SOP) - New for 2026!*

*Non-production employees only. 

The NAS Stock Option Program (SOP) is unique. Employees have a choice in the degree to which they invest in Netflix equity through the stock option program.

Overview

Click here to watch an overview of the Stock Option Program

The Program

Translations of the below information are available here.

You have the opportunity to choose the amount of cash and equity you want to receive. The stock allocation is completely voluntary. If you’d like to receive options, you can allocate as much eligible salary to the SOP as you’d like. The program allows you to benefit from the growth of our stock price over time by accumulating options and then exercising them later when the price of the underlying Netflix stock has risen.

What is a stock option?

A stock option is the right to purchase a share of Netflix stock at a predetermined price, called the exercise price. Options become valuable as the stock price appreciates above the exercise price. Netflix options are granted each month and expire 10 years from the grant date.

A simple way to think of a stock option is to think of it like a coupon. The coupon is valuable to you when the regular price of the item is higher than what you can buy it for with your coupon, and once they expire they are no longer valid. Let’s say you receive a coupon to buy an item at $100 until the printed expiration date. You go into the store and see that the retail price is $150. You redeem your coupon and buy it for $100, which saves you $50. In the context of stock options, you might have an option with an exercise price of $100. You exercise and sell your option later on when your stock price is $150, so your gain is $50!

Option Grants

Options are granted on the first trading day of each month. The exercise price of your options will be the closing price of Netflix stock on the day that the options are granted.

Generally, there are two factors that determine the number of options you receive:

1. the amount you are contributing to the program and

2. the cost of each option.

We calculate the monthly contribution by taking the annual amount that you’ve allocated and dividing it by twelve. The cost of each option is 40% of the exercise price. We’ll divide the monthly contribution by the cost of the option, then we know how many options you should get for the month.

As an example, assume the following:

• Your Annual Allocation: = $12,000 annually or $1,000 monthly

• Closing Price on the Grant Day: $200

Monthly Calculation:
Now you have 12 options or, in other words, the right to buy 12 shares of Netflix stock at $200.

A couple of points not mentioned above for simplicity's sake:

• We don’t grant fractional options so we always round down; any remaining amount of allocation is carried over to the next month.

• When you first join your option allocation is prorated from your hire date.

Vest Schedule

Good news! Our options are immediately vested. This means that we can exercise our options whenever we would like, subject to insider trading restrictions.

Option Expiration

Generally, your options will expire 10 years after the grant date, regardless of your employment status.

Understanding the Value of Your Options

Simply put, options gain value as the stock price appreciates above the exercise price. The higher the stock price goes above the exercise price, the more your options are worth.
Participating in the program is an investment choice that allows you to exchange salary for options. The salary you exchange goes to cover the cost of the options, which is 40% of the exercise price. You could consider this as the premium you pay to get the right to buy a share at the exercise price. When thinking about the actual value of the options, you want to consider this 40% cost as your initial investment.

In our example above, we exchanged $80 of our salary to get each option with a $200 exercise price. If we have exchanged $80 of salary for each option to buy a share at $200, our total investment will be $280 per share.

The stock price would need to go up to at least $280 before we start to make a profit on the salary we exchanged, which means the stock value must appreciate by at least 40% above the exercise price. Continuing our example, let us assume that we exercise and sell our 5 options at $300. If we invested $280 per option and sold at $300, our profit is $20 per option, or $100 total***.

This doesn’t mean that you must wait until the stock price goes up at least 40% before you exercise however. You can exercise your options at any point, as long as the stock price is above the exercise price.

***To keep the math simple, the above examples do not include taxes or fees.