Common use of Required Elements Clause in Contracts

Required Elements. Subject to the Union’s right of rejection described in section 3 of this Appendix; any Gainshare Plan shall apply to all permanent Unit Employees. Any Gainshare Plan shall also apply to such Non-unit Personnel as the District Board may in its discretion identify as eligible in such Gainshare Plan, except “temporary employees” and the Executive Director. Any Gainshare Plan shall apportion the total amount of any gainshare and incentive payments that may be payable pursuant to the Gainshare Plan between Unit Employees and Non-unit Personnel in the following manner: that portion of any gainshare and incentive payments to be paid that is allocable to Unit Employees (the “Total Unit Share”) shall be equal to the percentage that the number of Gainshare Plan-eligible full time equivalent Unit Employees bears to the total number of all Gainshare Plan-eligible full time equivalent employees. The Total Unit Share shall be divided among Unit Employees as provided for in section 5 of this Appendix. The following example illustrates calculation of the Total Unit Share: If there are 100.5 full time equivalent eligible Unit Employees and a total of 115.5 full time equivalent eligible employees, then 87.01% of any amounts to be distributed under the Gainshare Plan (100.5 being 87.01% of 115.5) shall be allocated collectively to Unit Employees.