2017-18 Profit Sharing

Post date: Jan 26, 2018 9:48:19 PM

2016 - 2021 PASSENGER SERVICE AGREEMENT

ARTICLE 3 COMPENSATION & BENEFITS 3-17

O. Profit Sharing Plan

For profit-sharing for covered employees effective for 2013 profit sharing paid in 2014 and subsequent years of this agreement, the profit sharing plan for IAM represented employees shall be funded with five percent (5%) of pre-tax profit up to a pre-tax margin of six and nine-tenths percent (6.9%) plus ten percent (10%) of pre-tax profit in excess of a pre-tax margin of six and nine-tenths percent (6.9%). Special and unusual items shall be excluded from pre-tax profit when making these calculations.