Common use of PERFORMANCE INCENTIVE PROGRAM Clause in Contracts

PERFORMANCE INCENTIVE PROGRAM. a) Include a letter to provide for an annual incentive program to commence no later than July 1, 2008 with a maximum payout of 5% annually. Pay out to be considered pensionable as of the effective date on a go forward basis.

Appears in 3 contracts

Sources: Collective Agreement, Memorandum of Settlement, Memorandum of Settlement