Employee Involvement Gainsharing Plan Sample Clauses

Employee Involvement Gainsharing Plan. The Company commits to have an employee Involvement Gainsharing Plan developed by March 31, 1995 for implementation on April 1, 1995 unless agreed otherwise in 3.5 above. The role of the Employee Involvement Gainsharing Committee will be to participate in plan design discussions, recommend baselines, targets and trigger scale, communicate the Plan to participants and monitor actual results. The set of ‘Performance Indicators’ and baselines to be tracked will be established by Management after consultation with the Employee Involvement Gainsharing Committee. The Plan will be self-funded (i.e., if no gains are made, no monies will be shared) and gains will be shared between the Company and plan members on a 50/50 basis. The Plan will be designed to ensure continuous improvement of the Vancouver Operation's results. All regular full time employees (benefit service bargaining unit and salaried employees) with the exception of sales and promotion personnel, will be eligible to participate in this Plan. All participants will receive the same dollar amount of gains regardless of position, wage rate or salary level (flat dollar pay-out formulas).
Sample 1
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Related to Employee Involvement Gainsharing Plan

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