Employee Benefit Plan
|12 Months Ended|
Dec. 31, 2016
|Compensation And Retirement Disclosure [Abstract]|
|Employee Benefit Plan||
NOTE 12 – EMPLOYEE BENEFIT PLAN
The Company sponsors a defined-contribution savings plan under Section 401(k) of the Internal Revenue Code covering all full-time employees (Sangamo 401(k) Plan). The Sangamo 401(k) Plan is intended to qualify under Section 401 of the Internal Revenue Code.
The Company matched contributions by employees equal to 50% of the first 6% of employee contributions up to a limit of $3,000 in both 2016 and 2015 and $2,000 in 2014. Matching funds are fully vested when contributed. Contributions to the Sangamo 401(k) Plan by the Company were $0.3 million, $0.3 million, and $0.2 million for the years ended December 31, 2016, 2015 and 2014, respectively.
The entire disclosure for pension and other postretirement benefits.
Reference 1: http://www.xbrl.org/2003/role/presentationRef