Gain Sharing. A Gain Sharing Program will be developed with a team consisting of two (2) management employees, two (2) Local 367 union members, and one (1) representative from the public, mutually agreed upon by both parties, no later than December 15, 2006. A Gain Sharing Program, ratified by the employees, will be effective January 1, 2007, with pay outs to employees not to exceed 3.5% of base pay. Should the team be incapable of developing a Gain Sharing Program by December 15, 2006, then the Service Recognition Program as listed in the April 23, 2003 through December 31, 2005 contract will remain in place.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement