Incentive Committee Sample Clauses

Incentive Committee. There will also be a joint standing committee created with equal representation from the Union and the Company concerning incentive plans. Under the contract, forty-five
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Incentive Committee. There will also be a joint standing committee created with equal representation from the Union and the Company concerning incentive plans. Under the contract, forty-five (45) days’ notice must be given to the Union concerning a change, modification or termination of an incentive plan. Any notice given under this provision will be referred to the joint standing committee. The Union may refer any question concerning the plans at any time to the joint standing committee. The Company reserves all rights to make the final decision concerning the incentive plans. The Company agrees that, for any design changes to an incentive plan year over year, the Company will provide a written explanation for such changes. The Company also agrees to provide plan participants with a mechanism for tracking their progress towards their target incentive payouts.
Sample 1
Incentive Committee. The Incentive Committee is formed with two representatives from the Union and one or two representatives from the Company. The purpose of the Incentive Committee is to discuss problem areas of time study and standards. All meetings requested by either the Company or the Union will be made in writing and accompanied with an agenda of the meeting. ELIGIBILITY Employees and their dependents will be eligible to join the benefit plans listed below, the first of the month following the completion of 400 hours of work. WEEKLY INDEMNITY Weekly indemnity benefits shall be equal to 66-2/3 percent of your weekly insurable earnings to the maximum established by the U.I.C. Act for a maximum period of 32 weeks payable for the first day of an accident, first day of hospitalization and fourth day of illness. If a disability insurance carrier declines an application for weekly indemnity benefits and special medical documentation is requested the employee will be reimbursed for the cost of these additional notes after their appeal for benefits has been successful. DRUG PLAN The present drug plan will continue in effect with the first $10.00 deductible, and a $20,000.00 maximum limit per family per contract year. LIFE INSURANCE Effective December 1, 2001, life insurance death benefit is $80,000 with accidental death and dismemberment clause.
Sample 1
Incentive Committee. The Incentive Committee is formed with two representatives from the Union and one or two representatives from the Company. The purpose of the Incentive Committee is to discuss problem areas of time study and standards. All meetings requested by either the Company or the Union will be made in writing and accompanied with an agenda of the meeting. ELIGIBILITY Employees and their dependents will be eligible to join the benefit plans listed below, following the completion of 400 hours of work. WEEKLY INDEMNITY Weekly indemnity benefits shall be equal to 66.67 percent of your weekly earnings to a maximum of $ 578.00 for a maximum period of 32 weeks payable for the first day of an accident, first day of hospitalization and fourth day of illness. If a disability insurance carrier declines an application for weekly indemnity benefits and special medical documentation is requested the employee will be reimbursed for the cost of these additional notes after their appeal for benefits has been successful. DRUG PLAN The present drug plan will continue in effect with the first $10.00 deductible, and a $20,000.00 maximum limit per family per contract year.
Sample 1
Incentive Committee. The Company and the Union shall form an Incentive Committee made up of two UAW Representatives (out of the number of representatives ascribed in Article VII, Section 2) and two representatives of the Company to review and discuss incentive plans.
Sample 1
Incentive Committee. 19 Section 10.13 Uniforms....................................... 19 ARTICLE XI - Wages..................................................... 20
Sample 1
Incentive Committee. An incentive committee meeting will be held monthly at the Union's request. Company and Union incentive committee will consist of not more than two persons each who will be knowledgeable of the subject matter to be discussed.
Sample 1
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Related to Incentive Committee

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board.

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • The Board 6.1 The appointment, dismissal and conduct of the Board shall be regulated in accordance with this agreement and the Articles.

  • The Committee For purposes of this Agreement, the term “Committee” means the Compensation Committee of the Board of Directors of the Company or any replacement committee established under, and as more fully defined in, the Plan.

  • Transition Committee 8.1.0 A transition committee comprised of the employee representatives and the employer representatives, including the Crown, will be established by January 31, 2016 to address all matters that may arise in the creation of the Trust.

  • Management Committee The Members shall act collectively through meetings as a "committee of the whole," which is hereby named the "Management Committee." The Management Committee shall conduct its affairs in accordance with the following provisions and the other provisions of this Agreement:

  • Committees of the Board of Directors The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. If a member of a committee shall be absent from any meeting, or disqualified from voting thereat, the remaining member or members present at the meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may, by a unanimous vote, appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent permitted by applicable law, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation and may authorize the seal of the Corporation to be affixed to all papers that may require it to the extent so authorized by the Board of Directors. Unless the Board of Directors provides otherwise, at all meetings of such committee, a majority of the then authorized members of the committee shall constitute a quorum for the transaction of business, and the vote of a majority of the members of the committee present at any meeting at which there is a quorum shall be the act of the committee. Each committee shall keep regular minutes of its meetings. Unless the Board of Directors provides otherwise, each committee designated by the Board of Directors may make, alter and repeal rules and procedures for the conduct of its business. In the absence of such rules and procedures each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to this Article III.

  • The Board of Directors AGREES TO—

  • Operating Committee the Consortium’s managing body, composed of representatives of the Manager and the Contractors, pursuant to Annex XI.

  • Nominating Committee Subject to the provisions of Article X, the Nominating Committee shall consist of such number of Directors (none of whom shall be an employee of the Corporation) as may be determined from time to time by the Board. Subject to the provisions of Article X, the Committee shall review the qualifications of potential candidates for the Equity Directors and shall propose nominees for the Equity Directors who are nominated by the Board. Subject to the provisions of Article X, in making their nominations, the Nominating Committee and the Board of Directors shall take into consideration that (i) the Board of Directors shall have meaningful representation of a diversity of interests, including floor brokers, floor traders, futures commission merchants, producers, consumers, processors, distributors and merchandisers of commodities traded on Chicago Mercantile Exchange Inc. (the “Exchange”) or Board of Trade of the City of Chicago, Inc. (the “CBOT”), participants in a variety of pits or principal groups of commodities traded on the Exchange or the CBOT and other market users or participants; (ii) at least 10% of the members of Board of Directors shall be composed of persons representing farmers, producers, merchants or exporters of principal commodities traded on the Exchange or the CBOT; and (iii) at least 20% of the members of the Board of Directors shall be composed of persons who do not possess trading privileges on either the Exchange or the CBOT, are not salaried employees of the Corporation and are not officers, principals or employees who are involved in operating the futures exchange related business of a firm entitled to members’ rates on either the Exchange or the CBOT. Notwithstanding the foregoing, the Nominating Committee shall include the Chief Executive Officer of the Corporation as a nominee for an Equity Director at any annual meeting of shareholders at which his or her term is scheduled to expire; provided, that if such term expiration occurs during the Transition Period, the Chief Executive Officer shall be nominated as a CME Director. Subject to the provisions of Article X, a majority of the Nominating Committee shall constitute a quorum necessary to transact business.

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