Common use of Existing Incentives Clause in Contracts

Existing Incentives. a. A “Conversion to Base Rate of Pay factor” (CBF) will be used to convert existing incentive plan performance to a percentage of Base Rate of Pay. This conversion is calculated by multiplying the incentive plan percent performance above the August 1, 1999 USS-USW Basic Labor Agreement incentive calculation rate (ICR) by the CBF. The CBF shall be 0.37 as of the Effective Date of this Agreement. Conversion Example 55% x 0.37 (CBF) = 20 % of Base Rate of Pay. Example plan average performance = 155% Percent Performance above the ICR = 55% Conversion to a percentage of Base Rate of Pay:

Existing Incentives. a. A “Conversion conversion to Base Rate of Pay factor” (CBF) will be used to convert existing incentive plan performance to a percentage of Base Rate of Pay. This conversion is calculated by multiplying the incentive plan percent performance above the August 1, 1999 USS-USW USWA Basic Labor Agreement incentive calculation rate (ICR) by the CBF. The CBF shall be 0.37 as of the Effective Date of this Agreement. Conversion Example 55% x 0.37 (CBF) = 20 % of Base Rate of Pay. Example plan average performance = 155% Percent Performance above the ICR = 55% Conversion to a percentage of Base Rate of Pay:: 55% x 0.37 (CBF) = 20 % of Base Rate of Pay.

Existing Incentives. a. A “Conversion to Base Rate of Pay factor” (CBF) will be used to convert existing incentive plan performance to a percentage of Base Rate of Pay. This conversion is calculated by multiplying the incentive plan percent performance above the August 1, 1999 USS-USW Basic Labor Agreement incentive calculation rate (ICR) by the CBF. The CBF shall be 0.37 as of the Effective Date of this Agreement. 84 Conversion Example 55% x 0.37 (CBF) = 20 % of Base Rate of Pay. Example plan average performance = 155% Percent Performance above the ICR = 55% Conversion to a percentage of Base Rate of Pay:: 55% x 0.37 (CBF) = 20 % of Base Rate of Pay.