Common use of PERFORMANCE BONUS PROGRAM Clause in Contracts

PERFORMANCE BONUS PROGRAM. In the spirit of co-operation, the Union and Company agree to work together to ensure the success of the factory. The Company will endeavor to effectively manage the business which includes providing the necessary materials and tools to meet the objectives of the factory. The Union will participate in Nestlé Canada Goals training, provide ideas and support improvements in the plant. Recognizing the Union=s commitment to this program, the Company will provide a bonus plan: All full time employees shall be entitled to receive the Nestlé Bonus to a maximum of four percent (4%) of eligible earnings if the measurement criteria are exceeded. That is the program must make money before it can pay out. A joint committee will be formed to develop the program with the above criteria as the basic measurement tools. The committee will meet to fully develop the plan. The plan that is developed will be sent to the Senior VP Human Resources, Senior VP Technical & Manufacturing, and the President, Ice Cream for final approval.

PERFORMANCE BONUS PROGRAM. In the spirit of co-operation, the Union and Company agree to work together to ensure the success of the factory. The Company will endeavor to effectively manage the business which includes providing the necessary materials and tools to meet the objectives of the factory. The Union will participate in Nestlé Canada Goals Foundations training, provide ideas and support improvements in the plant. Recognizing the Union=s ’s commitment to this program, the Company will provide a bonus plan: All full time employees shall be entitled to receive the Nestlé Bonus to a maximum of four five percent (45%) of eligible earnings if the measurement criteria are exceeded. That is the program must make money before it can pay out. A joint committee will be formed to develop the program with the above criteria as the basic measurement tools. The committee will meet to fully develop the plan. The plan that is developed will be sent to the Senior VP Human Resources, Senior VP Technical & Manufacturing, and the President, Ice Cream for final approval.