We divide the calendar year into three, four-month periods:
• Period One: January - April
• Period Two: May - August
• Period Three: September - December
Without averaging, each truck* must run a minimum of 46,000 miles each 4-month period. Performing at this level will provide the vehicle with one percent of its 1099 each qualifying period. This amount will be credited to the truck’s account and is payable the month following the end of each four-month period.
Without averaging, trucks running 62,000 miles in every period in a single calendar year will receive an additional one percent of the truck’s annual 1099. This amount will be payable the month following the end of the calendar year.
*Definition of “truck”: permanent leased unit, permanent replacement unit, or rental due to breakdown.