Quote:
Projections are for $5B annual profits or more indefinitely. That’s roughly 15% baked in. The MIP awards management if we exceed $6.504B, $7.869B, and $8.794B. (amendments not withstanding) These amounts have steadily increased YOY. Profitability is the goal and its targets are rising.Originally Posted by hockeypilot44
Our profit sharing will be less in February than it was last February. It is and will continue to trend down. The reason why there is more money put aside is because the non-union employees are back on the same plan as us. I’m not sure if we’ll ever see a 21.4 percent profit sharing check again.
% of Target Absolute Financial Performance Measure Paid
Threshold/Target/Maximum
50%/100%200%
Required 2018 Pre-Tax Income
$6,504 Million/$7,869 Million/$8,794 Million
Payouts will be straight-line interpolated when Pre-Tax Income results fall above Threshold and below Target or above Target and below Maximum.
“Pre-Tax Income” will be the amount of Pre-Tax Income, if any, determined under the Profit Sharing Program for 2018.