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Driver exposes his paycheck
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<blockquote data-quote="anonymous23456" data-source="post: 5774126" data-attributes="member: 104188"><p>What is so special about his paycheck?</p><p></p><h3>Employment offer letter agreement between UPS and Carol B Tom, dated March 11, 2020</h3><p>Your initial base salary will be $104,167 per month ($1,250,000 annually). Merit increases will follow UPS annual merit guidance and take effect with April payroll. Your start date will be June 1, 2020 and you will be eligible for your first merit increase in 2021. Your principal place of employment with UPS will be at the company’s corporate headquarters in Atlanta, Georgia. As the Chief Executive Officer, you will report directly to the Board of Directors of UPS (the “Board”).</p><p></p><p>You will be eligible to participate each year of your employment in the UPS Management Incentive Program (MIP) in accordance with the terms of the MIP then in effect. The target value of your annual MIP Performance Incentive award will be 165% of your annualized base salary. The actual award will be determined by multiplying your target award value by a factor that is determined based upon company performance against annually defined measures, as well as by an individual performance factor that is determined by the Board.</p><p></p><p>You will be eligible for personal financial counseling services and tax return preparation reimbursement, within the limits established by UPS. The current annual limit for personal financial counseling and tax preparation services is $15,000.</p><p></p><p>You will be eligible for 30 vacation days and 5 personal days per annum.</p></blockquote><p></p>
[QUOTE="anonymous23456, post: 5774126, member: 104188"] What is so special about his paycheck? [HEADING=2]Employment offer letter agreement between UPS and Carol B Tom, dated March 11, 2020[/HEADING] Your initial base salary will be $104,167 per month ($1,250,000 annually). Merit increases will follow UPS annual merit guidance and take effect with April payroll. Your start date will be June 1, 2020 and you will be eligible for your first merit increase in 2021. Your principal place of employment with UPS will be at the company’s corporate headquarters in Atlanta, Georgia. As the Chief Executive Officer, you will report directly to the Board of Directors of UPS (the “Board”). You will be eligible to participate each year of your employment in the UPS Management Incentive Program (MIP) in accordance with the terms of the MIP then in effect. The target value of your annual MIP Performance Incentive award will be 165% of your annualized base salary. The actual award will be determined by multiplying your target award value by a factor that is determined based upon company performance against annually defined measures, as well as by an individual performance factor that is determined by the Board. You will be eligible for personal financial counseling services and tax return preparation reimbursement, within the limits established by UPS. The current annual limit for personal financial counseling and tax preparation services is $15,000. You will be eligible for 30 vacation days and 5 personal days per annum. [/QUOTE]
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