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UPS Partners
MIP Factor
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<blockquote data-quote="COH_IE" data-source="post: 1518032" data-attributes="member: 8822"><p>Actually, stock price used will be today's closing price.</p><p></p><p>Your salary on 12/1/14 is what is used for the calculation.</p><p></p><p>So if the factor is 70% & you make $5000/month with $10,000 in UPS Stock (not counting 401k holdings):</p><p></p><p>Performance Incentive Award = Annualized salary as of 12/1/14 ($60,000) x Your Performance Incentive Target (17% for a supervisor) x MIP factor (70%) = $7,140</p><p></p><p>Ownership Incentive Award = Value of Your UPS Holdings as of 12/31/14 ($10,000) x Your Ownership Incentive Target (3.50% for a supervisor supervisor) = $350</p><p></p><p>MIP Award = $7140 + $350 = $7490</p><p></p><p>Half will be awarded via your selection (cash, 401k, stock) & deposit on Fri 3/6 (minus taxes). The other half will vest 20% at a time over a five year period.</p></blockquote><p></p>
[QUOTE="COH_IE, post: 1518032, member: 8822"] Actually, stock price used will be today's closing price. Your salary on 12/1/14 is what is used for the calculation. So if the factor is 70% & you make $5000/month with $10,000 in UPS Stock (not counting 401k holdings): Performance Incentive Award = Annualized salary as of 12/1/14 ($60,000) x Your Performance Incentive Target (17% for a supervisor) x MIP factor (70%) = $7,140 Ownership Incentive Award = Value of Your UPS Holdings as of 12/31/14 ($10,000) x Your Ownership Incentive Target (3.50% for a supervisor supervisor) = $350 MIP Award = $7140 + $350 = $7490 Half will be awarded via your selection (cash, 401k, stock) & deposit on Fri 3/6 (minus taxes). The other half will vest 20% at a time over a five year period. [/QUOTE]
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