A carrier, at its discretion, may offer employees alternative compensation
arrangements in lieu of the general wage increases provided in Article I (in
whole or part). Such arrangements may include, for example, stock options,
stock grants (including restricted stock), bonus programs based on carrier
performance, and 401(k) plans.
(a) The following conditions shall govern implementation of alternative
compensation arrangements pursuant to this Article:
(1) Carrier shall notify the appropriate organization representative(s)
regarding its proposed alternative compensation arrangement(s). The parties
shall meet promptly on such proposal and use their best efforts to reach
agreement on implementation;
(2) The proposed arrangement(s) may be implemented only by mutual
agreement of the carrier and the appropriate organization representative(s);
(3) The proposed arrangement(s) must be made available to the smallest
employee grouping that can be reasonably administered.
(b) Nothing herein shall be construed to bar the parties from reaching
mutual agreement on different terms or conditions pertaining to implementation
of this Article.