Common use of Performance Rewards Clause in Contracts

Performance Rewards. All parties to this agreement support and actively participate in all formal and informal improvement programs which increase productivity, efficiency and flexibility and reduce costs on the sites. It is noted that during the life of this Agreement the company agrees to participate in discussions regarding the basis of productivity sharing and in conjunction with the parties to this Agreement will establish a suitable forum (possibly to include all or part of the new JCC) whereby productivity gain sharing can be discussed. In relation to the general concept of productivity gain sharing, it is noted that; (a) the company will continue to explore opportunities for productivity gain-sharing, having regard to the nature and scope of the productivity gains and the overall performance of the business; (b) productivity sharing should be undertaken on a company-wide basis, not by individual department or work area