Except as provided below, all other Participants whose employment terminates prior to the end of the Cycle shall forfeit any and all Performance Units and thus receive no Performance Award.
Travel Accident Insurance Date of Hire Accidental death insurance while traveling on company business.
Efforts to improve these measures align CSXs business objectives in a way that allows individuals to translate personal actions to desired performance outcomes.
Consideration for Noncompete Agreement In consideration for eligibility under this ltip Cycle, Employees in Band 10 and above must enter into a noncompete agreement, if not already in effect, as prescribed and agreed to by CSX.It is not intended to be a summary plan description or a Plan Document.Return on Assets, tax-Adjusted Operating Income.Performance Awards generally will be paid only to Participants who are actively employed by the Companies at the end of the applicable three-year performance cycle.CSXtra 401(k) Plan, date of Hire (Vested) 401(k) Plan allows pretax and Roth 401(k) contributions subject to IRS limits.Long Term Incentive Plan (ltip) Date of Hire Long-term, stock-based bonus opportunity based on company performance.Parental Leave Date of Hire 2 weeks paid leave for non-birth parents, including foster and adoptive parents.Plan Administration The CSX Senior Vice President and Chief Administrative Officer shall be the Plan Administrator and shall interpret and construe the provisions of the Plan subject to the terms of the CSX Stock and Incentive Award Plan and the Compensation Committees authority and responsibility.Associate Development Program Date of Hire A structured, personalized mentoring program linking an employee with a coach for a period of one year.Investors had cause to believe that volumes could improve thanks to the positive commentary given in December by both management teams.
Date of Hire, coverage for vision care services including regular exams, glasses, contacts and laser vision correction.
5 Company Financial Irregularities : In the event of Company accounting irregularities discovered within two years after receipt of payment in connection with a Performance Award, which requires the Company to restate its financial statements due to material noncompliance with any financial reporting requirements under.
Premium paid by CSX.Tuition Reimbursement Three Months Reimbursement up to 5,250 per calendar year for eligible expenses.For the Cycle, the value of Performance Units comprises 75 of the value of long-term incentive compensation, and the value of Restricted Stock Units comprises the other.Net Properties is equal to gross properties less accumulated depreciation calculated based on the quarterly average during the Performance Period.Life Insurance, date of Hire - ace from casino Basic Life Insurance with premium paid by CSX.Holidays Date of Hire Eleven paid holidays (three flex holidays).The OR casino rating Charts in Exhibit A reflect the OR targets and related payout percentages at various HDF prices.In addition, the 3 volume decline in the quarter is better than the decline of 4 to Nov.Savings and Investments, benefits, eligibility, description, cSX Pension Plan.Flexible Spending Accounts, date of Hire, pre-tax contributions by employee to pay for eligible health care (up to 2,500) and for dependent day care expenses (up to 5,000).Operating Ratio : OR is defined as CSX Corporation operating expenses divided by operating revenue.Accident Insurance Date of Hire - Accidental death and dismemberment insurance benefit paid by CSX.Claw Back Provision The Claw Back Provision discussed herein applies only to Participants in Band 10 and above.
Both companies improved their operating ratio in the fourth quarter, with CSX's declining.9 from.6 in the same period last year while Union Pacific's declined to 62 from.2.
The ROA chart in Exhibit A reflects the ROA targets and related payout percentages.