Individual Entitlement. The Pool will be divided among all Employees (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. The award for profit sharing, if any, shall be equivalent to the hourly rate paid under the P&M Profit Sharing Plan in any quarter times 40 hours for each week in the quarter, less any full pay periods of salary continuation. Any time off for leave of absence shall be excluded under this calculation
b. Any payments made to a Participant pursuant to this Plan shall not be included in the Participant's earnings for purposes of determining any other pay, benefit or allowance of the Participant.
Individual Entitlement. The Pool will be divided among all Employees (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. Hours shall include the following, but shall not exceed forty eight (48) hours for any week for any Participant: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight
Individual Entitlement. The Pool will be divided among all Employees (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. Hours shall include the following, but shall not exceed forty eight (48) hours for any week for any Participant: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight (8) hours for each holiday or day of vacation; hours shall also include those hours not scheduled less than forty (40) due to a scheduled reduced Work Week; hours on Union business; and hours, at the rate of eight (8) hours a day, while receiving Workers' Compensation benefits (based on the number of days absent from work while receiving such benefits).
b. Any payments made to a Participant pursuant to this Plan shall not be included in the Participant's earnings for purposes of determining any other pay, benefit or allowance of the Participant.
Individual Entitlement. The Profit Sharing Pool will be divided among all Employees covered by this Agreement or by the 2018 agreement between the Union and U. S. Steel Tubular Products, Inc., covering the Lone Star and Star Tubular plants (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. Hours shall include the following, but shall not exceed forty (40) hours for any week for any Participant: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight (8) hours for each holiday or day of vacation; hours on Union business; hours, at the rate of eight (8) hours a day, while receiving Workers' Compensation benefits (based on the number of days absent from work while receiving such benefits); hours, at the rate of eight (8) hours a day while on Union Leave pursuant to Article 10, Section E(2); hours, at the rate of eight (8) hours a day, while on Military Leave of Absence; hours while on Jury or Witness Duty Leave; and hours while on Bereavement Leave. Participants who worked reduced 32 hour weeks pursuant to a Layoff Minimization Plan under Article 8 shall be credited with an additional eight (8) hours worked during such weeks for purposes of this subsection, subject to the forty (40) hour limitation.
b. Any payments made to a Participant pursuant to this Plan shall not be included in the Participant's earnings for purposes of determining any other pay, benefit or allowance of the Participant.
Individual Entitlement. The Pool will be divided among all Employees (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. Hours shall include the following, but shall not exceed forty (40) hours for any week for any Participant: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight (8) hours for each holiday or day of vacation; hours on Union business; and hours, at the rate of eight (8) hours a day, while receiving Workers' Compensation benefits (based on the number of days absent from work while receiving such benefits).
b. Any payments made to a Participant pursuant to this Plan shall not be included in the Participant's earnings for purposes of determining any other pay, benefit or allowance of the Participant.
Individual Entitlement. In the event of a layoff, employees shall be entitled to the SUB Plan at the rate of one (1) week of basic pay for each two (2) years of continuous service completed, if he submitted a benefit claim to Unemployment Insurance and he has received it. Employees have no acquired right to SUB, except during the unemployment period stipulated in this Plan. No employee shall be entitled to SUB if unemployment is the result of a fire, flood, explosion, bombing or earthquake that damages the plant, making it impossible to resume work in the section where the employee worked. Payments related to guaranteed annual compensation, deferred compensation and separation pay are neither increased nor reduced by payments received under this plan.
Individual Entitlement. The Pool will be divided among all Employees (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. The award for profit sharing, if any, shall be equivalent to the hourly rate paid under the P&M Profit Sharing Plan in any quarter times a maximum of 48 hours for each week in the quarter, less any full pay periods of salary continuation. Hours shall include the following: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight (8) hours for each holiday or day of vacation; hours shall also include those hours not scheduled less than forty (40) due to a scheduled reduced Work Week; hours on Union Business; and hours, at the rate of eight (8) hours a day, while receiving Workers’ Compensation benefits (based on the number of days absent from work while receiving such benefits). Any time off for leave of absence shall be excluded under this calculation.
b. Any payments made to a Participant pursuant to this Plan shall not be included in the Participant's earnings for purposes of determining any other pay, benefit or allowance of the Participant.
Individual Entitlement. The Profit Sharing Pool will be divided among all Employees covered by this Agreement or by the 2015 agreement between the Union and U. S. Steel Tubular Products, Inc., covering the Lone Star and Star Tubular plants (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. Hours shall include the following, but shall not exceed forty (40) hours for any week for any Participant: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight (8) hours for each holiday or day of vacation; hours on Union business; hours, at the rate of eight (8) hours a day, while receiving Workers' Compensation benefits (based on the number of days absent from work while receiving such benefits); hours, at the rate of eight (8) hours a day while on Union Leave pursuant to Article 10, Section E(2); and hours, at the rate of eight
Individual Entitlement. The Pool will be divided among all eligible employees (Participants) on the basis of their Hours (as defined below) of each Participant in the weeks or partial weeks, within each fiscal quarter. New employees' participation begins after a 90-day qualification period. Earnings from the 91st day forward are taken into account in determining Profit Participation distribution. Employees terminated before the last day of the quarter for reasons other than death, disability, layoff or retirement under the Company Pension Plan are ineligible for any distribution for that quarter.
Individual Entitlement. The Pool will be divided among all Employees (Participants) on the basis of the Hours (as defined below) of each such Participant in the calendar weeks within each fiscal quarter.
a. The award for profit sharing, if any, shall be equivalent to the hourly rate paid under the P&M Profit Sharing Plan in any quarter times a maximum of 48 hours for each week in the quarter, less any full pay periods of salary continuation. Hours shall include the following: hours worked (including straight time and overtime hours), vacation and holiday hours at the rate of eight (8) hours for each holiday or day of vacation; hours shall also include those hours not scheduled less than forty
