Production Standards and Incentive Pay Sample Clauses

Production Standards and Incentive Pay. Section 1. It is understood that the Company may make, at any time; motion, time or methods studies required for the efficient operation of its business, and may establish standards and levels of performance, and may audit its standards when it deems this to be necessary in the interest of its business. During the start-up and development period for equipment the employee operating machine will be paid his/her average earned rate based on earnings during the prior week for a period not to exceed eight weeks. Thereafter, the employee will be paid average hourly earnings up to 120% of his/her base wage until the equipment is rated. The Company has a right to assign any employee to operate a machine during the first eight weeks of the start-up and development period for the equipment. Thereafter, departmental seniority will be used to determine the operator of this equipment until the equipment is rated. The Company will make reasonable efforts to establish a rate for new equipment within 120 days after the equipment has been released for consistent production.
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Production Standards and Incentive Pay. Section 1. It is understood that the Company may make, at any time, motion, time or methods studies required for the efficient operation of its business, and may establish standards and levels of performance, and may audit its standards when it deems this to be necessary in the interest of its business. New equipment or machinery will be rated within ninety (90) days. If no rates are applied during this period, the affected employee will be paid four (4) labor grades above his base rate for 90 days. If rates are not then instituted, the employee will be paid an additional labor grade until rates are established.
Sample 1
Production Standards and Incentive Pay. Section 1. It is understood that the Company will make, at any time, motion time or methods studies required for the efficient operation of its business, and may establish standards and levels of performance, and may audit its standards when it deems this to be necessary in the interest of business. The right of the Company shall be unrestricted as to whether or not it desires to utilize an individual or group incentive payment basis. Effective March 28, 2005, the gain-sharing plan implemented 6/1/02 will be discontinued. Employees will be paid an additional $.50, per hour, in place of the plan. This shall be added to the hourly wage and all provisions of the Contract shall apply to such.
Sample 1
Production Standards and Incentive Pay. Section 1. It is understood that the Company will make, at any time, motion time or methods studies required for the efficient operation of its business, and may establish standards and levels of performance, and may audit its standards when it deems this to be necessary in the interest of business. The right of the Company shall be unrestricted as to whether or not it desires to utilize an individual or group incentive payment basis. Effective 06/01/02, gain-sharing will be based on total plant earned hours for deliveries to finished stock compared to actual clocked hours on a four-week moving average, using the first three (3) months of 2002 as the base period for calculating the base productivity factor (BPF), with the intent that the bases will be fixed so that the payout to all employees during this three-month period under the current program shall be the same as the total amount paid out to all employees under the new program (as attached). The Union shall be provided all data needed to determine the payout under the program and time for the Union’s representative to review such data on a monthly basis. Any challenge by the Union as to the correct payout shall be subject to the grievance and arbitration procedure.
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Related to Production Standards and Incentive Pay

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Physician Incentive Plans In the event Provider participates in a physician incentive plan (“PIP”) under the Agreement, Provider agrees that such PIPs must comply with 42 CFR 417.479, 42 CFR 438.3, 42 CFR 422.208, and 42 CFR 422.210, as may be amended from time to time. Neither United nor Provider may make a specific payment directly or indirectly under a PIP to a physician or physician group as an inducement to reduce or limit Medically Necessary services furnished to an individual Covered Person. PIPs must not contain provisions that provide incentives, monetary or otherwise, for the withholding of services that meet the definition of Medical Necessity.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority

  • Incentive Pay (1) For any calendar year in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then:

  • Annual Salary Review In December of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective January l of the following year, at an amount not less than $106,500, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Sick Leave Incentive Program MSUAASF and Minnesota State may develop a sick leave incentive program through the establishment of a joint committee.

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