Air Canada 2006 Annual Report Download - page 13

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Profit Sharing Plan
In 2005, the Corporation introduced incentive programs and Profit Sharing Plans in order to engage employees
in their valuable role to ensure the Corporation’s success. The Sharing Our Success Plan at Air Canada and
Jazz’s Ensemble Plan emphasize the relationship between performance and personal rewards. These Plans
provide employees with financial rewards on a monthly basis when operational performance levels are
achieved. The Air Canada Plans also permit employees to share in the fiscal year-end pre-tax profits and Jazz’s
Plans provide annual rewards where corporate, financial and operational targets are achieved. In each case,
employees receive the greater of the amounts payable under either the Sharing Our Success or Jazz
Emsemble Plan and the annual profit sharing plan.
Air Canada employees will receive a total of $29.2 million in respect of 2006 under the Profit Sharing Plan, of
which $25.5 million has already been paid out during 2006 under the Sharing Our Success monthly incentive
program. Employees at Jazz will receive a total of $10.1 million, of which $4.7 million has already been paid out
during 2006 under the Jazz Ensemble Plan.
13
Management's Discussion and Analysis of Results and Financial Condition