Common use of OPTIONAL ALTERNATIVE COMPENSATION PROGRAM Clause in Contracts

OPTIONAL ALTERNATIVE COMPENSATION PROGRAM. Section 1 A carrier, at its discretion, may offer employees alternative compensation arrangements in lieu of the general wage increases provided in Article I (in whole or part). Such arrangements may include, for example, stock options, stock grants (including restricted stock), bonus programs based on carrier performance, and 401(k) plans. Section 2

Appears in 3 contracts

Samples: Mediation Agreement, Mediation Agreement, Mediation Agreement

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OPTIONAL ALTERNATIVE COMPENSATION PROGRAM. Section 1 I A carrier, at its discretion, may offer employees alternative compensation arrangements in lieu of the general wage increases provided in Article I (in whole or part). Such arrangements may include, for example, stock options, stock grants (including restricted stock), bonus programs based on carrier performance, and 401(k) plans. Section 2

Appears in 1 contract

Samples: Agreement

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