Effective 2020 acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.
Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year. *Fiscal 2018 (January 1, 2018 to December 31, 2019 Paid out in 2019) *Fiscal 2019 (January 1, 2019 to December 31, 2020 Paid out in 2021)
Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year. The Short Term Incentive Program will pay out as per the following schedule. *Fiscal 2021 (January 1, 2021 to December 31, 2021. Paid out in 2022) *Fiscal 2022 (January 1, 2022 to December 31, 2022. Paid out in 2023) *Fiscal 2023 (January 1, 2023 to December 31, 2023. Paid out in 2024) The incentive will be paid out to the non-temporary employees on payroll as at December 31st, in the following year, based on the achievement of Company and department targets established by the Company at the beginning of the fiscal year. The payout will be department targets established at the beginning of the fiscal year. The payout will be based on the employee’s rate as of December 31st. Employees hired during January 1 to December 31 will have their payout pro-rated for partial and total month’s work.
Effective 2020. DocuSign Envelope ID: F802450E-B653-4C94-99DD-FF9AEBEC50FB acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.
Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year.
