Reserve TFP Compensation Towards vs Sample Clauses
The "Reserve TFP Compensation Towards" clause establishes how compensation related to Total Financial Performance (TFP) is allocated or reserved for specific purposes or parties. In practice, this clause may specify that a portion of TFP-based payments is set aside to cover future obligations, such as bonuses, performance incentives, or other contractual commitments. By clearly defining how and when TFP compensation is reserved, the clause ensures that funds are available for their intended use, thereby reducing the risk of disputes and promoting financial transparency between the parties.
Reserve TFP Compensation Towards vs. Above Guarantee Unless specifically outlined elsewhere in the CBA, all TFP compensation on a reserve day (including but not limited to block and ground delay pay, Minimum Pay Rules, Stranded Pay, etc.) is paid towards the reserve guarantee. A Reserve who breaks guarantee will be paid above guarantee for any TFP flown or credited over the guarantee. All other provisions of this Section apply.