Profit Sharing Bonuses. (a) Profit sharing bonuses will be payable according to the following schedules beginning in 2016 (based on 2015 performance), provided the applicable annual published operating ratio is within the specified ranges for any full calendar year. Bonus calculations and payments will be separate for YRC Freight and the Regional Carriers (Holland, New Penn, and Reddaway), with the operating ratio for the Regional Carriers being calculated on a combined basis: YRC Freight Operating Ratio Bonus Amount
Profit Sharing Bonuses. (a) Profit sharing bonuses will be payable according to the following schedules beginning in 2016 (based on 2015 performance), provided the applicable annual published operating ratio is within the specified ranges for any full calendar year. Bonus calculations and payments will be separate for YRC Freight and the Regional Carriers (Holland, New Penn, and Reddaway), with the operating ratio for the Regional Carriers being calculated on a combined basis: YRC Freight Operating Ratio Bonus Amount 96.1 to 97.0 1 % 93.1 to 96.0 2 % 93.0 and below 3 % Regional Carrier Combined Operating Ratio Bonus Amount 94.1 to 95.0 1 % 92.1 to 94.0 2 % 92.0 and below 3 % Bonus amounts shall be calculated based on each individual employee’s W-2 earnings (excluding any profit sharing bonuses) for the year in which the qualifying operating ratio was achieved. Profit sharing bonuses will not be subject to the 15% reduction.
Profit Sharing Bonuses. During each full year of the Employment Term commencing on the Effective Date, Employer shall pay to Employee a bonus equal to 25% of the net profit earned by the Iowa Branch during such 12-month period in excess of $400,000 earned by the branch during such period.
