Post by TonyV on Jan 30, 2011 15:29:06 GMT -5
Pages 76 and 77 of Volume III, of the Agreement between UAW® and the FORD MOTOR COMPANY:
AGREEMENT CONCERNING PROFIT SHARING PLAN
AND FORD MOTOR COMPANY PROFIT SHARING PLAN
FOR HOURLY EMPLOYEES IN THE UNITED STATES
On this 3rd day of November, 2007 at Dearborn, Michigan, Ford Motor Company, a Delaware corporation, hereinafter referred to as the Company, and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, UAW, an unincorporated voluntary association, hereinafter referred to as the Union, agree as follows:
PART B
I. Definitions:…..
16. ‘‘Profits’’ shall mean, for any Plan Year, the Income (Loss) Before Income Taxes of Ford and its Consolidated Subsidiaries (excluding Ford Motor Credit Company and its partially or wholly-owned subsidiaries) for such Plan Year, less the sum of the following:
(a) the Income (Loss) Before Income Taxes for such Plan Year of (i) all Domestic Consolidated Subsidiaries that are not included in U.S. Operations, and (ii) all Consolidated Subsidiaries that are not Domestic Consolidated Subsidiaries;
(b) Ford’s equity in the Net Income (Loss) (after taxes) for such Plan Year of (i) all Domestic Unconsolidated Subsidiaries and Domestic Affiliates that are not included in U.S. Operations, and (ii) all Unconsolidated Subsidiaries and Affiliates that are not Domestic Unconsolidated Subsidiaries or Domestic Affiliates;
AGREEMENT CONCERNING PROFIT SHARING PLAN
AND FORD MOTOR COMPANY PROFIT SHARING PLAN
FOR HOURLY EMPLOYEES IN THE UNITED STATES
On this 3rd day of November, 2007 at Dearborn, Michigan, Ford Motor Company, a Delaware corporation, hereinafter referred to as the Company, and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, UAW, an unincorporated voluntary association, hereinafter referred to as the Union, agree as follows:
PART B
I. Definitions:…..
16. ‘‘Profits’’ shall mean, for any Plan Year, the Income (Loss) Before Income Taxes of Ford and its Consolidated Subsidiaries (excluding Ford Motor Credit Company and its partially or wholly-owned subsidiaries) for such Plan Year, less the sum of the following:
(a) the Income (Loss) Before Income Taxes for such Plan Year of (i) all Domestic Consolidated Subsidiaries that are not included in U.S. Operations, and (ii) all Consolidated Subsidiaries that are not Domestic Consolidated Subsidiaries;
(b) Ford’s equity in the Net Income (Loss) (after taxes) for such Plan Year of (i) all Domestic Unconsolidated Subsidiaries and Domestic Affiliates that are not included in U.S. Operations, and (ii) all Unconsolidated Subsidiaries and Affiliates that are not Domestic Unconsolidated Subsidiaries or Domestic Affiliates;