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2006 AT&T Performance Award (APA) for Represented Occupational Employees |
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Wednesday, 07 February 2007 |
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The 2006 APA for Represented Occupational Employees will reflect a payout of 117% based on year end financial performance. Based on these results, the fullyear equivalent award for eligible employees will be $878.
The APA payment for eligible employees, shall be payable on March 2, 2007. Such payment will be subject to federal, state and local tax and FICA withholding. Where appropriate, award payments shall be used in calculating an employee’s wage rate for determining the amount of union dues deduction. In addition, Savings Plan (LTSSP) contributions shall be deducted from the award payment. Additional information will be provided in the “2006 AT&T Performance Award (APA) Bulletin” available to employees via the company intranet. 2005 CWA/AT&T Agreement for APA Eligibility (pg 248-249 of Contract) Eligibility To be eligible to participate in APA, an occupational employee must meet both of the following criteria: 1. Have a minimum of eighty-eight (88) calendar days of active employment (either management or occupational) with the Company as a U.S. based employee during the APA Plan Year and, 2. Be a regular full-time or regular part-time AT&T employee on December 31 of the applicable APA Plan year (except as noted in subsequent paragraphs). Leaves of Absence Local Leave of Absence – Within any APA Plan Year a service credit period of up to thirty (30) days shall be added to offset a Local Leave of Absence to be included in the 88 calendar days of active employment. Short Term Disability Leave of more than one (1) month – An absence period attributed to Sickness or Accident Disability or the disability portion of the Anticipated Disability Leave of Absence shall be included in calculating the award. It shall also be included in determining whether the employee has met the eighty-eight (88) day requirement set forth above. An employee shall not lose eligibility if he/she is on such an absence on December 31 of the APA Plan Year. Unpaid Leave of Absence (personal leave, the non-disability portion of an anticipated disability leave, union leave, care of newborn/newly adopted child, family care leave, unpaid military leave) – An employee’s time on an unpaid leave of absence granted by the Company of more than thirty days shall not be counted toward the eighty-eight (88) day requirement set forth above nor shall such time be counted in determining the amount of the award. An employee shall not lose eligibility if he/she is on such a leave on December 31 of the applicable APA Plan Year. Paid Military Leave – Time on paid military leave shall be counted toward the eightyeight (88) day requirement above and shall be counted in calculating the award. An employee shall not lose eligibility if he/she is on such leave on December 31 of the APA Plan Year. Separations From AT&T An employee separated from the active payroll due to force reduction, retirement on a service or disability pension, expiration of benefits or death during the Plan year shall not lose eligibility due to such separation. Term employees who are work completed and who otherwise meet the eligibility criteria shall not lose their eligibility. The award for an employee under these circumstances shall be prorated based on the number of calendar days on the active payroll or otherwise included in the calculation during the APA Plan Year. An employee who resigns prior to December 31 or last day of the APA Plan Year or is dismissed prior to the payout date for any reason shall not be eligible for an award. An employee who is on Long Term Disability Leave of Absence on December 31 of an APA Plan Year shall not be eligible for an award. Promotions or Temporary Upgrades to Management and Transfers An employee permanently or temporarily promoted to management or transferred to a former Bell System company under the Post Divestiture Shared Services Force Transfer Agreement, if otherwise eligible, shall receive a prorated award for time spent as an occupational employee of AT&T under this Plan. Payment Criteria - Pro-Rated (Time Worked) The award to an eligible full-time occupational employee shall be pro-rated based on the number of calendar days on the active payroll as an occupational employee during the APA Plan Year. The award to an eligible part-time occupational employee shall be pro-rated based on both the part-time employee's part-time Equivalent Work Week as of December 31 of the applicable APA Plan Year and the number of calendar days on the active payroll as an occupational employee during the APA Plan Year. The award to an eligible occupational employee receiving the Extended Compensation Option of the AT&T Option Program (ATTOP) shall be pro-rated based on the number of calendar days on the active payroll as an occupational employee during the APA Plan Year prior to their election to participate in ECO and, in addition, for the number of days as an ECO participant the Award amount will be 15% of the Award received by an eligible full-time employee. Note: Last week we discussed the APA payment at the CWA Presidents Ad Hoc meeting and the CWA Bargaining Team recalls a conversation around the APA not being on a separate check. They are checking their bargaining notes from that discussion with the Company and will let us all know what was agreed to. We will update this information as soon as we receive confirmation. Roy Hegenbart President/Local 3250 |
