GAINSHARE. Gainsharing or incentive programs, such as Goal-share, either global or targeted to specific areas, may be implemented by the Company, however, such gain sharing program will be discussed with the Association in advance of being implemented. Note: It is the intention of the parties following ratification of the memorandum of settlement to attempt to jointly develop incentive compensation arrangement(s) to be effective for the year 2010 program year. For each of the program years 2010, 2011 and 2012, the incentive compensation awards will be limited to a maximum 5% of the gross earnings of employees for a program year. Lump sum payout associated with Gainshare objectives will be based on a 60% Company/40% Employee ratio. The gain sharing will be based on measurable goals and the lump sum payments will be subject to the Pension Plan. All objectives, gain or goal, will be tied to Corporate Objectives. Both Corporate and Bargaining Unit objectives must be met in order for any payment to be triggered.
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Sources: Collective Agreement, Collective Agreement