The Hot Rolled Steel Price Bonus will be paid within thirty (30) days of
the publishing of the American Metal Market Monthly Averages data.
b. Individual Entitlement
The Payment will be paid to Employees who have accumulated Hours (as
defined below) in the calendar weeks within each fiscal quarter.
c. Hours shall include the following, hours for any week for any
Participant: hours worked (including straight time and overtime hours
and AWS hours), vacation and holiday hours at the rate of eight (8) hours
(or AWS hours if appropriate) for each holiday or day of vacation.
d. Any payments made to a Participant pursuant to this HRSPB shall not be
included in the Participant's earnings for purposes of determining any
other pay, benefit or allowance of the Participant.
Payments will be made according to the scale below.
Hot Rolled Steel Price
Payment per eligible
$600 - $650.99 ____$0.50
$651 - $700.99____$0.75
$701 - $750.99____$1.00
Above $751 ____$1.25