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.
Appears in 6 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
