MIP Factor

[rod]

It is called "management incentive program". UPS just loves their three letter designations, thinking there is a executive in Atlanta that has a job just creating them.

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I think that was Photog's assignment. Now he's the WME

 

[Catatonic]

New to this, what's a MIP?

Managing the Influence Process

Good guess but No.

It is called "Management Incentive Program". ...

It is a sliding value year-end bonus program compensation for full-time management.
UPS Management Committee develops a set of key indices that management is to support and concentrate on each year and in theory, the bonus is based on the achievement of attaining those goals.
It has little or no credibility and most management now look at it as a crapshoot ... therefore, all the speculation what the MIP factor will be.

Half of the MIP compensation is moved into an RSU (Reserved Stock Unit) which is not taxed until the year it is awarded which is 5 years from the year earned. This allows UPS to use that money as needed and if a management person leaves before official retirement, they forfeit the RSU's.