Originally Posted by KnotSoFast

Sadly, I don't think it will be.

Next years profit sharing gets a double discount (if the TA passes)

First discount when the wider 10% band kicks in.

Second discount- The value restricted stock that is "given" to upper echelon employees (2,400 of them according to one poster) is subtracted from the pool


from Negotiators Notepad yesterday--

. . . Profit sharing is determined by PTIX, a contract-defined term which consists of the Company’s consolidated pre-tax income but excluding all asset write downs related to long term assets, gains or losses with respect to special, unusual, or nonrecurring items; and expense accrued with respect to any employee profit sharing plan, program or similar arrangement. . . "

Are there any accounting wizards that can come up with exactly how much profit sharing gets "dinged" by this new definition? With 2,400 mgt types getting restricted stock, this could be a large debit to the way the PS total pool amount is calculated.