Alcatel-Lucent: FLSA Overtime Adjustment for FY2007 LPP Awards
April 4, 2008
Please see the letter below regarding a mistake in the payout of the 2007 Lucent Performance Plan.
In Unity,
Laura Unger
CWA Representative
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April 4, 2008
R. V. Maly, Jr., Vice President – CWA
RE: FLSA Overtime Adjustment for FY2007 LPP Awards
I have just been informed that due to a processing issue, the FLSA Overtime Adjustment portion of the FY2007 awards did not process correctly. Therefore, the award amounts which are payable on April 4, 2008 do not include the full Overtime Adjustment for FY2007.
The Payroll team is aware of the issue and is working to correct the problem. The FLSA Overtime Adjustment portion of the award will be paid to employees in a separate check which we expect will be payable within approximately two weeks.
If you have any questions, please do not hesitate to contact me.
Steve Muscat
Director - Workforce Relations
