Success Sharing Award AT&T

AT&T has announced the  2015 Success Sharing Plan  Award which is tied to an employees efforts toward the company's success which is said to be reflected by the increase in stock price and by dividends declared.  Page 32-33 of the contract explain the details.   The total value of the 2015 SSP award is $282 per eligible* full-time employee. The 2015 SSP payment will be made on the Nov. 20, 2015 or Nov. 25, 2015 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 $0.47 per share. The stock price did not increase from Oct. 1, 2014 to Sept. 30, 2015, resulting in no payout for the stock price component. Therefore, the calculation is 150 Success Units multiplied by the dividends declared ($0.47 x 4) – which equals $282. 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.   *Employees eligible for payments as described above are those regular, temporary and term employees who are on the payroll on both the beginning and ending dates of the award year and who work for a minimum of three (3) months within the award year in a position covered by this Collective Bargaining Agreement. Eligible employees who are on approved leaves of absence, short term disability absence or partial disability absence and meet the other eligibility requirements on the ending date of the award year shall receive a payment, provided they return to duty on or before December 31 of the year in which the payment is made. Additional Bonus Plan Language                         Payment of award will be made as soon as practicable after the award year and will normally occure the payday of the last full pay period in November.               Employees Eligible For Payment           Employees covered by CBA, and also meeting the following criteria:     1.  Worked for a minimum of 3 months within the award year, AND     2.  Regular, temporary and terminated employees who are on payroll on BOTH "beginning" and "ending" dates of "award year".               If you meet the above eligibility requirements, AND where on any leave listed below, AND return to duty on or before December 31st of the year in which the payment is made: 1.  Approved leaves of absence           2.  Short-term disability absence           3.  Partial disability absence