Page 89 - Systemic Reform Solutions 2015-2022
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EXECUTIVE COMPENSATION
Private corporations incur labor costs, as well as the true cost of operation and maintenance.
However, all members of society are compensated for work through the GCTA regardless if the
corporation is private or public.
Independent Production and Service Provider Agreements
Executive Management Teams (EMTs), receive compensation after the sale of a good or service.
Funds in excess of BEE (Base Energy Equity) will be distributed to the EMT’s allocated accounts. The
Profits may be distributed to the Executive Management Team based on their Executive Team
Agreement. However, the distribution of earnings cannot exceed annual compensation caps.
Management teams set pricing rates for production above the BEE, but, their energy investment is
not calculated in the BEE. Management is, therefore, compensated based on their success at
retaining employees, efficient production, and market development.
The GCTA also issues compensation to non-management personnel, supervisors, and managers at
or above their Willit Standard Rate, after the purchased product is received by the purchaser.
ILLNESS AND INJURY
Should an individual become sick, temporarily ill, or unable to work for an extended period, the
Standard Needs Earned Equity System would ensure their care. Their equity requirement would be
suspended until they can return to work. They will have access to medical services, the expenses
covered by the Global Compensation and Transaction Administration, through an Earned Equity -
Disability Care Coverage Act.
All expenses paid on an individual’s behalf should be recorded in an itemized health care account
to determine the amount of equity and Willits required for care. When the citizen is well, and not
found to be at fault for self-injury, they will have the opportunity but not the obligation to work
extra hours in the Standard Needs Earned Equity or iWAUT Markets to decrease their Care
Coverage escrow.
If one’s disability is the fault of another individual, the escrow account will be used to determine
their financial obligation for care and applicable legal expenses.
VACATION AND LEAVE OF ABSENCE
Each individual will determine the amount and duration of their vacation. Permission to take leave
or vacation is not required by iWAUT producers. However, the right or date to return to work must
be agreed upon by both parties prior to vacation or a leave of absence. Unions and guilds, by
confirmation vote of its members, and agreement by production and administrative units, will have
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