1) Base Salary Increase
Each active employee will be paid a base salary increase of $2,500.
This increase will be paid on a bi-weekly basis over the course of the 14 month term. This salary increase is over and above the current salary schedule outlined in the current CBA.
2) ARI (Active Rep Incentive)
Each active employee in the Elite and Signature Channels will receive an incentive of $5,500 paid on a bi-weekly basis over the term of the agreement. This incentive is in addition to the Base Salary Increase.
Each active employee in ALL other Channels will receive an incentive of $4,500 paid on a bi-weekly basis over the term of the agreement. This incentive is in addition to the Base Salary Increase.
3) Modification of Article 13 CBA
The main change in this article regarding Layoffs is an increase of maximum payout from 48 weeks to 75 weeks, and an adjustment of the notice time from an undetermined amount to a minimum of 10 days.
4) Modification of Bonus Thresholds
See Table below for new threshold levels and fixed payouts. The main change is obviously a lowering of the thresholds, as well as the move to a fixed payout amount instead of a % of net gain. |