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CWA Local 4050/4090

21700 Greenfield Road
Suite 266
Oak Park, MI 48237

Phone: (248) 968 - 0983
or (248) 968 - 0998

Fax: (248) 968 - 1009

Info Line

(248) 968 - 0983 ext. 7



Dave Skotarczyk
ext. 301

Executive Vice President:
Troy Smith
ext. 302

Gerald Sokoloski
ext. 303

Vice President Global Services, Legacy-T and Avaya:
Mike Klein
ext. 304

Vice Presidents at Large Special Services:
Michael Mcleod
Ali Roby

Mike Killewald

Announcements : Bargained-for employees covered by the Success Sharing Plan (SSP)
Posted by Dave Skotarczyk on 2018/11/6 20:58:20 (91 reads)

As a bargained-for employee covered by a Success Sharing Plan (SSP), you may be eligible for the 2018 SSP award. This SSP award is tied to employees? efforts toward the company?s success as reflected by the increase in stock price and by dividends declared. Specific details about your eligibility can be found in your contract. This is for both Leg T and Leg S

The total value of the 2018 SSP award is $300 per eligible full-time employee. The 2018 SSP payment will be made on the Nov. 21, 2018 or Nov. 30, 2018 paycheck, depending on your payroll cycle.

Here?s how to determine the amount of the SSP award. Each eligible employee receives an award of 150 Success Units that are multiplied by the increase in stock price during the award year, plus dividends declared during that same period. Dividends were declared four times during the award year at a rate of $0.50 per share. The stock price declined from Oct. 2, 2017 to Sept. 28, 2018, resulting in no payout for the stock price component. Therefore, the calculation is 150 Success Units multiplied by the dividends declared ($0.50 x 4) ? which equals $300.

If you require additional assistance, please contact your supervisor or the OneStop Interactive Voice Response (IVR) at 888-722-1STP (888-722-1787), say ?payroll? and follow the prompts

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