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Preferred Transit
300 S Pratt Rd
Monticello, WI 53570
Fax:608-938-3364
Tele:608-938-1641
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Preferred Transit, Inc.
Monticello, WI 53570
(608) 938-1641 or Kim@PreferredTransit.com
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Driver Safety/Longevity Bonus Program
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Preferred Transit, Inc. will be implementing its new Safety/Longevity Bonus Program as of January 1, 2003. Improving and/or maintaining safety, productivity, accuracy of paper work, and fuel economy are top priorities for us 2002.
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What we need you to do is to first of all read through the material below and then sign the attached "Authorization Form" and return it to Stephanie. We must receive your form before January 18, 2003, in order for you to be eligible for the program. If we don't receive your Form you won't be allowed into the program until November 1, of the following year, only new employees will be allowed into the program.
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Each and every driver will be awarded on a per mile basis when meeting the following criteria;
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Safe and/or Responsible Driving:
Drivers will operate tractor/trailer in accordance with prescribed procedures; will observe
safety practices and rules of the road. In addition, drivers must understand and follow proper procedure(s) in an event of an accident
Accuracy of Paperwork:
It is of the utmost importance that all paperwork, logs, and expense sheets match trip reports; specifically the dates and times. All paperwork must be completed and returned to the office in a timely manner.
Productivity and Fuel Economy:
Total number of miles per annum equating a minimum of 100,000.00
Fuel average per mile equating 6.0 miles per gallon or greater
Idle time must be below 45 percent
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| I |
Purpose of Program |
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To improve the Driver's pay, while at the same time improving the Company's safety record. The program, as established, will allow all participating Drivers to increase their income in return for nothing more than a commitment to SAFETY. |
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| II |
Plan Year |
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November 1, 2002
thru October 31, 2003
1st Quarter November 1 thru January 31
2nd Quarter February 1 thru April 30
3rd Quarter May 1 thru July 31
4th Quarter August 1 thru October 31 |
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| III |
Employee Contribution |
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A CONTINUED COMMITMENT TO SAFETY! |
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| IV |
Employer Contribution |
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Depending on your years of service, the Company will contribute the following amounts to each Driver's account.
| Drivers with less than 1 year |
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$.0025 per paid mile |
| Drivers with more than 1 year, |
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| but less than
3 years |
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$.005 per paid mile |
| Drivers with more than 5 years |
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$.01 per paid mile |
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| V |
Deductions |
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In calculating the year-end payments, as described in VI below, the Company may have to deduct amounts from your account for preventable traffic accidents, cargo claims, and equipment damages, that result from Driver negligence. In addition to these deductions, any driver who is off from work for more than 14 days because of an injury or illness as a result of employment with the Company (Workers Comp), will lose the balance of their account that had been earned from the beginning of the Safety Year. |
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| VI |
Payments |
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The bonus payments, if any, will be calculated as follows:
| Driver's Year of Service |
| Less than 1 year |
Nothing is paid till the end of the Safety Year |
| More than 1 year, but less than 3 years |
One
half of a cent per paid mile driven in the year |
| More than
3 years |
One cent per paid mile driven in the year |
Payments will be
paid at the Annual Safety/Holiday Banquet, providing
the Driver is still employed at the time of the
Banquet. Note that attendance at the Banquet is not
required. |
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| VII |
Withdrawal From the Program |
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Nobody should want to get out of the program. Since you do not contribute anything, you have nothing to lose. |
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Payment for Terminated Drivers |
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There will be no payment to any Driver that terminates employment prior to the date of the Safety Banquet. |
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| IX |
Questions |
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If you have any further questions about what amounts may be deducted from your account, what you might expect for a bonus, or how the program works, contact Kim. |
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| X |
Sign-up Deadline |
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As mentioned above, to participate in the plan starting November 1, 2002, we must have your signed application Form in our office before January 18, 2003. If we don't receive your Form by January 18, 2003, you won't be allowed into the program until November 1, 2003. Only new employees will be allowed into the program at the start of their employment.
Sincerely,
Kim A. Wiesenberg
President |
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