Gain Sharing Program Sample Clauses

Gain Sharing Program. Each participant will receive payment based on [*]

Gain Sharing Program. A. Policy: Under the authority of 5 U.S.C. 4501-4503 and 4505, AOC agrees to pay a cash reward for "efficiency" or "economy." The program will be known as the Gain sharing Travel Savings Program(GTSP). It will reward employees who save the AOC money while on official travel. These savings will apply to the use of alternative lodging for official travel to the extent permissible under Federal Travel regulations, as well as any applicable Federal Travel Advisories or waivers issued by the General Services Administration. Employee participation in this program is optional. The amount of the award for the employee will be 50 percent of the savings on lodging expenses. Taxes will be withheld (Federal, State, local, FICA) on the award amount. Employees should not incur additional expenses in transportation, taxes or other miscellaneous costs in an effort to reduce lodging expenses. Employees who incur additional expenses must have those expenses deducted from their lodging savings. All hotels/motels utilized by employees within the United States, its Territories and Possessions must meet the requirements of the Hotel and Motel Fire Safety Act of 1990. B. Lodging Savings – Employees who participate in the program can receive cash awards for savings when: (1) Employees incur lodging expenses at a daily rate which is less than the authorized lodging rate for the Temporary Duty (TDY) location. The authorized lodging rate is the published GSA lodging rate for domestic travel and the published State Department lodging rate for foreign travel or the lodging rate authorized on the travel orders in cases involving TDY assignments in excess of sixty days where it has been determined in advance that lodging will be lower. The TDY location is the primary work site location (e.g. location of the base of operations for the aircraft); or (2) Employees stay with relatives or friends while on official travel and avoid lodging expenses; or (3) Employees share accommodations obtained through contract, that are prepaid or when lodging is paid for by employees. The employees should arrange to be billed separately. If this is not possible, a daily rate must be determined for each employee. Divide the total lodging costs by the number of employees and the number of nights to arrive at a daily rate for each employee. Lodging savings will not be made for lodging cost incurred on personal time such as annual leave during official travel or any other type of personal preference travel use...

Gain Sharing Program. It is agreed between the Union and the Corporation that the Corporation will initiate a Gain Sharing Program which will be implemented upon mutual ratification of this Final Offer. The Gain Sharing Program is founded on the belief that the Corporation’s employees know their job functions best. Frontline workers are the cornerstone of a successful and productive workplace. Horizon Utilities shall compensate all bargaining unit employees who strive for continuous improvement, with a goal of offering our customers ‘best value.,’ The terms and conditions of the implementation and the continuance of the program are as follows;