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UPS Partners
"Pay Mix" update...
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<blockquote data-quote="Mplayers2006" data-source="post: 5453125" data-attributes="member: 100002"><p>Here is the formula if you want to calculate your monies before dec 16. </p><p><strong>FYI</strong>: <em>In order to calculate the most accurate total target compensation based on your OIP. you must wait until dec 1. (4pm) to get the average stock price jan. 1- dec. 1 2022. </em></p><p></p><p>Ownership incentive(OIP): 2022/2021 eligible holdings (which ever is highest of the two) x average stock price x ownership incentive target (1.035 or 1.03 or 1.0xx)</p><p></p><p><strong>Background:</strong></p><p>Bonus: your 2023 target bonus amount(10%= sups, 20=mgr). All bonuses Must be enter in as 3 significant figures or your numbers will be off. For example; 34% = 1.34 and 17%=1.17</p><p>Base: current base salary </p><p>Total: current base x current bonus target (1.17) + ownership incentive </p><p></p><p></p><p><strong>Inputs:</strong></p><p>Bonus= <strong>1.10</strong></p><p>Base= <strong>55,000</strong></p><p>Total= 55k*1.17=64,350+1,000=<strong>65,350</strong></p><p><strong></strong></p><p><strong>Formula:</strong> </p><p> Bonus x base=total </p><p></p><p>The below formula will give you the new base amount you will receive in 2023.</p><p></p><p>total/bonus = Base(x) </p><p></p><p>65,350/1.10 = 59,409.09</p></blockquote><p></p>
[QUOTE="Mplayers2006, post: 5453125, member: 100002"] Here is the formula if you want to calculate your monies before dec 16. [B]FYI[/B]: [I]In order to calculate the most accurate total target compensation based on your OIP. you must wait until dec 1. (4pm) to get the average stock price jan. 1- dec. 1 2022. [/I] Ownership incentive(OIP): 2022/2021 eligible holdings (which ever is highest of the two) x average stock price x ownership incentive target (1.035 or 1.03 or 1.0xx) [B]Background:[/B] Bonus: your 2023 target bonus amount(10%= sups, 20=mgr). All bonuses Must be enter in as 3 significant figures or your numbers will be off. For example; 34% = 1.34 and 17%=1.17 Base: current base salary Total: current base x current bonus target (1.17) + ownership incentive [B]Inputs:[/B] Bonus= [B]1.10[/B] Base= [B]55,000[/B] Total= 55k*1.17=64,350+1,000=[B]65,350 Formula:[/B] Bonus x base=total The below formula will give you the new base amount you will receive in 2023. total/bonus = Base(x) 65,350/1.10 = 59,409.09 [/QUOTE]
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