VCP. Qualified Plans, 403(b) Plans, SEPs and SIMPLE IRA Plans are eligible for VCP. VCP provides general procedures for correction of all Qualification Failures: Operational, Plan Document, Demographic, and Employer Eligibility.
VCP. With respect to VCP, if the Service determines that a plan or Plan Sponsor was, or may have been, a party to an abusive tax avoidance transaction (as defined in section 4.13(2)), then the matter will be referred to the Internal Revenue Service’s Employee Plans’ Tax Shelter Coordinator. Upon receiving a response from the Tax Shelter Coordinator, the Service may determine that the plan or the Plan Sponsor has been a party to an abusive tax avoidance transaction, and that the failures addressed in the VCP submission are related to that transaction. In those situations, the Service will conclude the review of the submission without issuing a compliance statement and will refer the case for examination. However, if the Tax Shelter Coordinator determines that the plan failures are unrelated to the abusive tax avoidance transaction or that no abusive tax avoidance transaction occurred, then the Service will continue to address the failures identified in the VCP submission, and may issue a compliance statement with respect to those failures. In no event may a compliance statement be relied on for the purpose of concluding that the plan or Plan Sponsor was not a party to an abusive tax avoidance transaction. In addition, even if it is concluded that the failures can be addressed pursuant to a VCP submission, the Service reserves the right to make a referral of the abusive tax avoidance transaction matter for examination.
VCP. In the case of the general procedures under VCP, a copy of the most recently filed Form 5500 series return.
VCP. In support of the purposes of this Agreement in Article 1, a Variable Compensation Plan is provided as outlined below to recognize performance achievement with enhanced compensation. The VCP covers all bargaining unit employees equally. The VCP cannot be cancelled. The VCP Plan is not arbitrable except where the Employer is alleged to have discriminated against the bargaining unit in its assessment of the targets under the Plan. Where the union makes such an allegation, the company will have the onus of meeting with the union and will explain its rationale and provide documents relevant to the decision. The primary objective and design of the VCP will be to provide incentive based compensation for continuous improvement in health and safety, customer satisfaction, production and financial results. The VCP Target Rate will be 10.0%. The design of the VCP will require that payouts may range from 0 to 2 times the VCP Target Rate based on the level of results achieved against targets. Every employee is eligible to participate and individual VCP payment will be based upon hours worked within the calendar year subject to the following exclusions: New employees will not participate in respect of the first 520 hours worked; An employee whose employment ends with less than two (2) years of service shall not been entitled to receive any unpaid VCP; An employee who has worked in excess of two (2) years and who resigns or retires from employment with at least two (2) weeks of notice shall be entitled to VCP as shall the estate of any such employee who dies.
VCP. The Property will be entered into the VCP no later than one year after the disbursement of the grant proceeds under the Assessment Grant Agreement.
VCP. In support of the purposes of this Agreement in Article 1, a Variable Compensation Plan is provided as outlined below to recognize performance achievement with enhanced compensation. The VCP covers all bargaining unit employees equally. The VCP cannot be cancelled. The VCP Plan is not arbitrable except where the Employer is alleged to have discriminated against the bargaining unit in its assessment of the targets under the Plan. Where the union makes such an allegation, the company will have the onus of meeting with the union and will explain its rationale and provide documents relevant to the decision. The primary objective and design of the VCP will be to provide incentive based compensation for continuous improvement in health and safety, customer satisfaction, production and financial results. The VCP Target Rate will be 8.5%. The design of the VCP will require that payouts may range from 0 to 2 times the VCP Target Rate based on the level of results achieved against targets. Every employee is eligible to participate and individual VCP payment will be based upon hours worked within the calendar year subject to the following exclusions: New employees will not participate in respect of the first 520 hours worked; An employee whose employment ends with less than two (2) years of service shall not been entitled to receive any unpaid VCP; An employee who has worked in excess of two (2) years and who resigns or retires from employment with at least two (2) weeks of notice shall be entitled to VCP as shall the estate of any such employee who dies. Schedule A - WAGE TABLE Effective Ratification Year 2 Eff Feb 1 '06 Year 3 Eff Feb 1 '07 Base rate increase 2.50% 2.50% General Employee (Probation) $14.24 14.60 14.97 GE (Start) $15.08 15.46 15.85 GE (Job) $16.75 17.17 17.60 Direct Operator (Back Up) $17.25 17.68 18.12 DO1 $18.00 18.45 18.91 DO2 $18.35 18.81 19.28 Material Handler $17.25 17.68 18.12 Shipper Receiver (Start) $18.00 18.45 18.91 Shipper Receiver (Job) $18.35 18.81 19.28 Quality Tech $18.35 18.81 19.28 Quality Tech - certified $20.50 21.01 21.53 Mechanic / Electrical Probation $22.95 23.52 24.11 Start $24.30 24.91 25.53 Job $27.00 27.68 28.37 Laser Process Tech Probation $21.79 22.34 22.90 Start $23.07 23.65 24.24 Job $25.83 26.48 27.14 SCHEDULE ‘B’ – RATIFICATION WAGE PLACEMENT Production Xxxxx, Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx (Xxx Xxx) Xxx, Xxxxx De Las Xxxxx, Xxxxxxxx Xxxxxx, Xxxxxx Xxxxxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxx Xxxxxx, Xxx Xxx...
VCP. In the event that an employee is moved to a lower job classification as a result of technological change or restructuring the affected employee maintain his or her rate for the period equal to (8) eight weeks from the time the employee enters the classification. In support of the purposes of this Agreement in Article 1, a Variable Compensation Plan is provided as outlined below to recognize performance achievement with enhanced compensation. The VCP covers all bargaining unit employees equally. The VCP cannot be cancelled. The VCP Plan is not arbitrable except where the Employer is alleged to have discriminated against the bargaining unit in its assessment of the targets under the Plan. Where the union makes such an allegation, the company will have the onus of meeting with the union and will explain its rationale and provide documents relevant to the decision. The primary objective and design of the VCP will be to provide incentive based compensation for continuous improvement in health and safety, customer satisfaction, production and financial results. The VCP Target Rate will be 8.5%. The design of the VCP will require that payouts may range from 0 to 2 times the VCP Target Rate based on the level of results achieved against targets. Every employee is eligible to participate and individual VCP payment will be based upon hours worked within the calendar year subject to the following exclusions: New employees will not participate in respect of the first 520 hours worked; An employee whose employment ends with less than two (2) years of service shall not been entitled to receive any unpaid VCP; An employee who has worked in excess of two (2) years and who resigns or retires from employment with at least two (2) weeks of notice shall be entitled to VCP as shall the estate of any such employee who dies. Schedule A - WAGE TABLE Year 1 Year 2 Year 3 Year 4 Year 5 Eff Feb 1 '14 Eff Feb 1 '15 Eff Feb 1 '16 Eff Feb 1 '17 Eff Feb 1 '18 Lump Sum Bonus $1,000 $1,000 $1,000 $ - $ - Base rate increase 0.0% 0.0% 0.0% 2.0% 2.0% Production Associate (probation) $16.78 $16.78 $16.78 $17.11 $17.45 Production Associate (job) $17.76 $17.76 $17.76 $18.12 $18.48 Production Operator (start) $20.31 $20.31 $20.31 $20.71 $21.13 Production Operator (job) $21.20 $21.20 $21.20 $21.62 $22.06 Advanced Production Operator $21.61 $21.61 $21.61 $22.04 $22.48 Material Handler $21.20 $21.20 $21.20 $21.62 $22.06 Shipper Receiver (start) $21.20 $21.20 $21.20 $21.62 $22.06 Shipper Receiver (j...
VCP. The Virtual Community of Practice has proved to be the real new informal learning tool experimented by pilot students, who until that very moment had used social networks for entertainment, never for professional reasons. They enjoyed it and appreciated the opportunities that it presented, but lamented the absence, at that stage, of real health care professionals to interact and exchange views with. They were motivated to participating in the discussions as they realized the community represents an opportunity of learning new skills and working practices, a means of social and professional connection to colleagues, and a mechanism to reduce the isolation that was inherent in the job function. Pilot students have acquired the following VCP-related learnig outcomes: - capacity of developing team working and professional group dynamics on social media
VCP. Qualified Plans and 403(b) Plans are eligible for VCP. VCP provides general procedures for correc- tion of all Qualification Failures: Opera- tional, Plan Document, Demographic, and Employer Eligibility.
VCP. Philharmonic Orchestra (2-4) String major = 1 each semester Band major=2 Applied Music Performance (Choral) (11 hours) CHOR – Concert Choir (1 each semester) BAND – Symphonic Band (2)
