Gain Sharing. At the request of the Union the Parties shall enter into discussions to explore the potential mutual benefits of gain sharing during the term of this agreement.
Gain Sharing. Each Program Year, Bank shall make the payment due to Retailer, if any, as provided for in and calculated in accordance with Schedule 4.1(6) hereto.
Gain Sharing. The Company will maintain a productivity-based incentive plan for bargaining unit employees during the life of this Agreement. This Gain Sharing Program is designed to motivate employees to meet or exceed Company goals, which will be established solely by management. Changes in the gain sharing formula, criteria, or structure shall be made at Company discretion after consultation with the Gain Sharing Committee and Contract Administrator.
Gain Sharing. According to the provisions of the General Part of these General Terms and Conditions of Contract.
Gain Sharing. A Gain Sharing Program will be developed with a team consisting of two (2) management employees, two (2) Local 367 union members, and one (1) representative from the public, mutually agreed upon by both parties, no later than December 15, 2006. A Gain Sharing Program, ratified by the employees, will be effective January 1, 2007, with pay outs to employees not to exceed 3.5% of base pay. Should the team be incapable of developing a Gain Sharing Program by December 15, 2006, then the Service Recognition Program as listed in the April 23, 2003 through December 31, 2005 contract will remain in place.
Gain Sharing. ACS and Customer will bring forward proposals (each an “Improvement Proposal”) which improve the efficiency of the delivery of the Services and that are commercially reasonable under prevailing industry practices and standards applicable to the services in question. To the extent Customer and ACS agree to implement any such Improvement Proposal, and such Improvement Proposal results in an increase in ACS’ profit margin in an amount (the “Excess Amount”) which is greater than twenty-five percent (25%) of the current average profit margin to date, then Customer and ACS agree to share equally in such Excess Amount.
Gain Sharing eFunds shall work with Deluxe to identify potential savings in the Services and shall make recommended changes to the methods and processing used by Deluxe. Upon mutual agreement, the identified potential savings or improved processing techniques shall be researched and a proposal shall be presented to Deluxe. eFunds' proposal shall include the estimated current costs, the recommended changes and the projected savings or service improvements to Deluxe and a proposed Work Order setting forth each party's responsibilities to achieve the savings or improvements. In the case of improved Services, a mutually agreed to value shall be assigned to such improved Services and shall be used as the basis for any gain sharing. Upon the parties' execution of a Work Order, a Project Plan shall be developed by eFunds to accomplish the change. Deluxe shall compensate eFunds for such savings or service improvements upon successful implementation as follows, as the parties may elect in writing at the time of the relevant Work Order's execution: (a) for any change initiated by eFunds resulting in the savings or improved Services benefiting Deluxe, eFunds shall retain fifty percent (50%) of the savings or value in improved Services for a period of twelve (12) months, after which all further savings or enhanced value shall be realized by Deluxe; and (b) for any change initiated by Deluxe but as to which eFunds has substantially assisted, either (i) Deluxe shall retain one hundred percent (100%) of the savings or enhanced value and eFunds will be compensated directly through Fees for its implementation Services or (ii) eFunds shall retain thirty-five percent (35%) of the savings or enhanced value for a period of twelve (12) months, after which all further savings or enhanced value shall be realized by Deluxe. Confidential and Proprietary 13 May 15, 2000 [LOGO OF E FUNDS, INC. APPEARS HERE] [LOGO OF DELUXE CORPORATION APPEARS HERE] eFunds/Deluxe Corporation Professional Services Agreement
Gain Sharing. SNBTS agrees to use reasonable good faith efforts to improve its productivity performance in the manufacture of each Product, so the Product remains competitive in the marketplace. Product improvements may be achieved through a number of ways, including, but not limited to savings achieved through contract pricing, distribution/storage costs, quality/inspection of Products, waste, overage, inventory, manufacturing efficiencies, increased volumes and leveraging from new business opportunities. All ideas that the parties generate but that are not implemented will count toward the overall objective, except for those ideas which are not practical, i.e., create unresolvable regulatory/compliance issues, or ideas not meeting market requirements or pricing. SNBTS agrees to review Product pricing based upon quantified manufacturing efficiencies or other documented savings. Productivity gains shall be a reciprocal process. SNBTS will not accept reduced margin for Products in order for OCD to achieve price reduction. SNBTS will not commit to reduce prices by a certain percentage annually, but will commit to target cost reduction in total product cost. As outlined in the Quality System Agreement, the change control processes of both companies will be followed prior to the implementation of any change to the Products.
Gain Sharing. (a) Within five (5) Business Days of the end of each fiscal month, and within forty-five (45) days of the end of each Program Year and the expiration or termination of the Operation Period, as applicable, The Gap, Inc. shall provide Bank with a statement and accounting of the amount of Net Domestic Sales (each a “Net Domestic Sales Statement”) for the applicable fiscal month or Program Year. Such Net Domestic Sales Statements shall be certified by an officer of The Gap, Inc. to be correct and calculated in accordance with generally accepted accounting principles. Within five (5) Business Days of the end of each fiscal month, and within forty-five (45) days after the end of each Program Year and the expiration or termination of the Operation Period, as applicable, The Gap, Inc. shall provide Bank with a statement and accounting of the aggregate Tender Items for the applicable fiscal month or Program Year. Within (A) fifteen (15) days of the end of each of the first three (3) Program Quarters of each Program Year, and (B) forty-five (45) days of the end of each Program Year, and the expiration or termination of the Operation Period, as applicable, Bank shall provide The Gap, Inc. with a year-to-date statement of the amount of Net Credit Card Sales for the applicable Program Year, which statement shall be certified by an officer of Bank to be correct.
Gain Sharing. 24 25 The Company will maintain a productivity-based incentive plan for bargaining unit 26 employees during the life of this Agreement. This Gain Sharing Program is designed 27 to motivate employees to meet or exceed Company goals, which will be established 28 solely by management. Changes in the gain sharing formula, criteria, or structure 29 shall be made at Company discretion after consultation with the Gain Sharing 30 Committee and Contract Administrator. 31 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
