2010 profit sharing percentage announced

[TonyV]

Hello, I would like to bring your attention on a new post published on the
UAWLAP.org Site.
Details of the post follow.

In Solidarity,
Steven M. Stone

2010 Profit Sharing Percentage Factor Announced
BULLETIN
March 1, 2010

To: All Hourly Employees

From: Employee Benefits Office

Subject: Profit Sharing Percentage Factor

At the end of January, it was announced that eligible U.S. hourly employees will
receive profit-sharing payments this year, based on Ford's financial performance
in the U.S. in 2009.

The company and its outside auditors have just completed the calculations used
to set the percentage factor.

The 2010 profit sharing percentage factor is 0.85363 percent. This will
determine the exact amount each eligible employee will receive in profit
sharing.

The calculation is simple. An employee's eligible pay is multiplied by the
percentage factor to determine how much they will receive. For example, if your
eligible pay is ,000, the company will multiply ,000 by 0.85363 percent. Your
gross profit share before taxes will be 6.82.

Any questions regarding profit sharing need to be referred to the NESC at
800-248-4444.

Employee Benefits Office

Link to the post:
uawlap.org/building-chairpersons-report/2010-profit-sharing-percentage-factor-announced.php

Link to UAWLAP.org: uawlap.org

[TonyV]

Hello, I would like to bring your attention on a new post published on the
UAWLAP.org Site.
Details of the post follow.

In Solidarity,
Steven M. Stone

Eligible Pay for Hourly Employees for Profit Sharing
Eligible Pay for Hourly Employees



What types of hourly pay count towards eligible pay for profit sharing?

_ Straight-time hourly base wages (for straight-time hours and overtime hours)
before wage reduction under the Tax-Efficient Savings Plan for Hourly Employees

_ Straight-time cost-of-living allowance (for straight-time hours and overtime
hours)

_ Straight-time shift premiums (for straight-time hours and overtime hours)

_ Vacation and excused absence allowance

_ Apprentice training incentive payments

_ Seven-day operation bonus

_ Bereavement pay

_ Jury duty pay

_ Short-term military duty pay

_ Call-in pay

_ Certain grievance awards

_ Christmas bonus

_ Holiday pay

_ Eligible employees are given eligible pay credit for periods of local union
leave or medical leave while receiving workers’ compensation (provided they
work at least one full week in the calendar year and all other contract
conditions are met), and scheduled hours missed during a Gradual Return to Work
Program.

ELIGIBLE PAY DOES NOT INCLUDE:

_ Overtime, Saturday, Sunday and holiday premium payments in excess of the
straight-time hourly rate

_ CIRS/Suggestion Awards

_ Taxable income for group life insurance over ,000

_ Prior year’s profit sharing payment (if any)

_ Short work week payments

_ Supplemental Unemployment Benefit payments

_ Incentive Pay

_ Tool Allowances

_ Moving Allowance

_ 2009 Hourly Performance Bonus payment

_ Lump-sum separation or transfer incentive payments

Link to the post:
uawlap.org/building-chairpersons-report/eligible-pay-for-hourly-employees-for-profit-sharing.php

Link to UAWLAP.org: uawlap.org

[lap65]

Not only does sub pay not count, neither does short work week, we'll be lucky to get $50

[lap65]

It would be a nightmare trying to figure out your payment because of all the short work weeks we have had,(practically every week) but it will be so small its not worth the effort trying to figure it out. Thanks for sharing the profits Ford.