LETTER OF UNDERSTANDING
ACHIEVEMENT INCENTIVE PLAN (AIP)
Salary Groups 306, 307, 308
The following will confirm the understanding and agreement between the parties during negotiations regarding the Achievement Incentive Plan (AIP) for salary groups 306, 307 and 308 as follows:
- Incumbents of bargaining unit positions in salary group 306, 307 and 308 will be eligible to participate in the AIP and receive a Target bonus of up to 7% based on regular wages, payable in the following calendar year. For members of the Defined Contribution Pension Plan, AIP payments are pensionable.
- It is understood and agreed that it shall be the Company’s sole and exclusive right to design the AIP. Further, TEAM agrees that the Company shall have the sole and exclusive right to redesign the AIP in Subsequent years. When the AIP is redesigned, the Company shall provide a copy of the AIP to TEAM for information purposes.
- It is understood and agreed that it shall be the sole and exclusive function of the BCE Board of Directors to determine whether the financial and other performance measures of the AIP have been met and shall be final.
- It is agreed and understood that this Letter of Understanding is not subject to any term or condition of the Collective Agreement, including Article 5 – Grievances and Article 6 – Arbitration. This notwithstanding, an employee can grieve their AIP entitlement based on their personal performance.
- Employees in 301 through 305 positions who are promoted into 306, 307 or 308 level positions during a calendar year will be eligible to participate in the Salary Group 306, 307, 308 AIP for that calendar year.
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TEAM is an affiliate of the International Federation of Professional and Technical Engineers (IFPTE), AFL-CIO & CLC. Established on July 1, 1918, the IFPTE is a diverse labour union advocating on behalf of more than 80,000 women and men in professional, technical, administrative and associated occupations in Canada and the United States.