LETTER OF UNDERSTANDING
ACHIEVEMENT INCENTIVE PLAN (AIP)
Salary Groups 301, 302, 303, 304, 305
The following will confirm the understanding and agreement between the parties during negotiations regarding the Achievement Incentive Plan (AIP) for salary groups 301, 302, 303, 304 and 305 as follows:
Incumbents of bargaining unit positions in salary groups 301, 302, 303, 304 and 305 will be eligible to participate in the AIP and receive a Target bonus of up to 2% based on regular wages, payable in the following calendar year. AIP payments are non-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 his/her AIP entitlement based on his/her personal performance.
Employees promoted into 301,302, 303, 304 or 305 level positions during a calendar year will be eligible to participate in the Salary Group 301, 302, 303, 304 or 305 AIP for that calendar year.