Common use of Plan Summary Clause in Contracts

Plan Summary. A team is all the Technicians and Maintenance Technicians directly reporting to a Field Manager in his/her geographical area, all qualify on an equal basis. Business Efficiency 60% paid Quarterly $1200 @ First Time Completion Rate 15% @ Repeat Calls 15% @ Productivity 15% @ Parts from Truck 15% Safety Related Lost time Injuries 20% paid Annually $400 Customer Satisfaction 20% paid Annually $400 Total Team Reward 100% Maximum annual value per employee $2000 Paid across four measures which drive efficiency in the Business. This measure attracts 60% of the annual overall value and is paid through four (4) quarterly payments providing standard performances or improvements as set out below are met. Only one (1) payment is applicable. Jul-Sep 91.54% $75 2% $37.5 Oct-Dec 88.83% $75 2% $37.5 Jan-Mar 87.4% $75 2% $37.5 Apr-Jun 90.63% $75 2% $37.5 Jul-Sep 2005 $75 2% $37.5 Oct-Dec 2005 $75 2% $37.5 Jan-Mar 2006 $75 2% $37.5 (30) day period. Standards are set out below and reward is as indicated. Reward will also be paid for improvement towards the standard. This will be judged against the same period from the previous year e.g. Q3 2004 v Q3 2005. Reward payment will be 50% of the maximum achievable in that period. Only one (1) payment is applicable. Jul-Sep 8.13% $75 0.5% $37.5 Oct-Dec 11.44% $75 0.5% $37.5 Jan-Mar 12.88% $75 0.5% $37.5 Apr-Jun 9.67% $75 0.5% $37.5 Jul-Sep 2005 $75 0.5% $37.5 Oct-Dec 2005 $75 0.5% $37.5 Jan-Mar 2006 $75 0.5% $37.5 Only one (1) payment is applicable. Jul-Sep 69% $75 2.5% $37.5 Oct-Dec 69% $75 2.5% $37.5 Jan-Mar 69% $75 2.5% $37.5 Apr-Jun 69% $75 2.5% $37.5 Jul-Sep 74% $75 2.5% $37.5 Oct-Dec 74% $75 2.5% $37.5 Jan-Mar 74% $75 2.5% $37.5 Only one (1) payment is applicable. Jul-Sep 79.90% $75 0.5% $37.5 Oct-Dec 78.51% $75 0.5% $37.5 Jan-Mar 76.89% $75 0.5% $37.5 Apr-Jun 78.81% $75 0.5% $37.5 Jul-Sep 2005 $75 0.5% $37.5 Oct-Dec 2005 $75 0.5% $37.5 Jan-Mar 2006 $75 0.5% $37.5 Paid Annually, on the improvement against overall bargaining unit performance on lost time injuries and days lost. Standards as set out below. April 1st 2005 – March 31st 2006 30 234 April 1st 2006 – March 31st 2007 27 200 10% of the Annual payment will be awarded for achieving each of the Standards above.