GAIN SHARE. Effective January 10th 2004, all active employees will receive between 0% to 3% lump sum, in addition to their base wage, payable on a quarterly basis, providing that plant performance, and quality metrics are met on a monthly basis. The Gain Share percentage range is based on the plant meeting attainment objectives for two (2) separate areas and overall plant sales returns quality metrics. The Company will establish these metrics and set objectives on a yearly basis. The 3% objective will be divided into three separate sub-objectives: 1) Achieving a sales return quality objective will pay 1% 2) Achieving 100% or more of attainment objectives for area one (1) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective. 3) Achieving 100% or more of attainment objectives for area two (2) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
GAIN SHARE. Effective January 10th 2004, all active employees will receive between 0% to 3% lump sum, in addition to their base wage, payable on a quarterly basis, providing that plant performance, and quality metrics are met on a monthly basis. The Gain Share percentage range is based on the plant meeting attainment objectives for two (2) separate areas and overall plant sales returns quality metrics. The Company will establish these metrics and set objectives on a yearly basis. This may or may not include three separate areas for attainment: The 3% objective will be divided into three separate sub-objectives:
1) Achieving a sales return quality objective will pay 1%
2) Achieving 1000100% or more of attainment objectives for area one (1) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.
3) Achieving 100% or more of attainment objectives for area two (2) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
GAIN SHARE. Effective January 10th 2004, all active employees will receive between 0% to 3% lump sum, in addition to their base wage, payable on a quarterly basis, providing that plant performance, and quality metrics are met on a monthly basis. The Gain Share percentage range is based on the plant meeting attainment objectives for two (2) separate areas and overall plant sales returns quality metrics. The Company will establish these metrics and set objectives on a yearly basis. The 3% objective will be divided into three separate sub-objectives:
1) Achieving a sales return quality objective will pay 1%
2) Achieving 100% or more of attainment objectives for area one (1) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.
3) Achieving 100% or more of attainment objectives for area two (2) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.. JOB LEVEL JOB CLASSIFICATIONS
2.1 ASSEMBLER/INSPECTOR 5.1 JANITOR/MATRON
7.2 MACHINE OPERATOR I 7.3 LABOURER 10.1 MATERIAL HANDLER
Appears in 1 contract
Samples: Collective Agreement
GAIN SHARE. Effective January 10th 2004, all active employees will receive between 0% to 3% lump sum, in addition to their base wage, payable on a quarterly basis, providing that plant performance, and quality metrics are met on a monthly basis. The Gain Share percentage range is based on the plant meeting attainment objectives for two (2) separate areas and overall plant sales returns quality metrics. The Company will establish these metrics and set objectives on a yearly basis. This may or may not include three separate areas for attainment: The 3% objective will be divided into three separate sub-objectives:
1) Achieving a sales return quality objective will pay 1%
2) Achieving 100% or more of attainment objectives for area one (1) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.
3) Achieving 100% or more of attainment objectives for area two (2) will result in a maximum payment of 1%. Achieving less than 100% but greater than or equal to 93% of attainment objectives will result in a maximum payment of ½%. Achieving less than 93% of attainment objectives will result in no payment for this objective.
Appears in 1 contract
Samples: Collective Agreement