![]() Those holidays are New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Day after Thanksgiving, Christmas Eve & Christmas Day. Great Lakes Dredge and Dock Company recognizes eight (8) holidays. Vacation time for 2014 will be prorated based on your start date. You will be eligible for 20 days of vacation annually. Please see the attached document for a summary of these You will also have the opportunity to participate in the GLDD Supplemental Savings Plan that allows for tax-deferred savings and profit sharing awards beyond the IRS -imposed 401(k) limits.Įffective on the first day of your employment, you will be eligible to participate in our Cigna OAP medical & dental plan, life insurance plan and disability plan. Please see the attached document for a summary of these plans. The profit sharing plan has a three year vesting schedule. The profit sharing payout has been at or exceeded 6.5% the last five The profit sharing award can range from 0 - 10% of base salary dependent upon the Companys performance and profitability and is deposited into your 401 (K) account. In addition, you will participate in our Profit Sharing You will also have the opportunity to participate in the GLDD 401(k) plan that matches your contributions dollar for dollar up to 6% of your salary with immediate vesting. The value of granted equity awards is targeted at 40% of your base salary. You are eligible to participate in any equity based compensation plans established or maintained by the company per the terms of the plan then in effect including the Companys 2007 Long-Term Incentive Plan and any successor Accordingly, your first bonus payout would be March, 20 performance. Bonuses are paid in March of the subsequent calendar year. Bonuses are determinedīased on company performance and individual performance, and are at managements discretion. Your bonus target is 50% of base salary based on a full years participation. You are eligible to participate in the Annual Cash Bonus Plan or similar or successor plans as the Company may establish. Great Lakes Dredge and Dock Company will pay you an annual salary of $300,000.00/yr to be paid on GLDDs regular paydays in accordance with its practices regarding payment of personnel. ![]() Listed below are the particular terms of this offer Regarding your employment with Great Lakes Dredge & Dock Company, LLC (GLDD). This letter confirms our recent discussions
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |