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Top 4. How were the awards calculated?

awards calculated
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Top 4. How were the awards calculated?

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Your initial Calculated Claim Value was determined using your job classification and hourly rate of pay. This amount was then reduced by both Lockout Benefits and other sources of income you received during the Lockout, as entered on your Claim Form. Eligible Employees’ claim amounts were calculated using the following guidelines noted in the Plea Agreement: • Full-time employees receive credit for 40 hours per week • Part-time employees receive credit for 27 hours per week a. NOTE: Part-time Courtesy Clerks receive credit for 16 hours per week The calculation first determines the amount of income the Eligible Employee would have earned during the Lockout Period (the “Calculated Claim Value”) had the Lockout not occurred. This is accomplished by multiplying the hourly rate of pay by the number of hours worked per week (using the guidelines listed above). This amount is then multiplied by 20 weeks (the duration of the Lockout) to arrive at the Calculated Claim Value. From the amount of

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