Common use of Allocation of Award Clause in Contracts

Allocation of Award. Full-time recipients of the Distinguished Service Award shall receive $2000; a stipend of $1000 and $1000 added to his/her individual base salary in the next contract year. However, a full-time employee who is already at or in excess of the maximum rate of pay for his/her pay grade shall receive a full stipend of $2000 and no additional money will be added to his/her base salary in the next contract year. A full-time employee who is almost at the maximum will be increased to the maximum in the next contract year. However, the remainder of the $1000 will also be treated as a stipend. A part-time recipient shall receive a stipend of $1000. A full-time bargaining unit member retiring before July 1 of the next contract year shall receive a full stipend of $2000.

Allocation of Award. Full-time recipients of the Distinguished Service Award shall receive $2000; a stipend of $1000 and $1000 added to his/her their individual base salary in the next contract year. However, a full-time employee who is already at or in excess of the maximum rate of pay for his/her their pay grade shall receive a full stipend of $2000 and no additional money will be added to his/her their base salary in the next contract year. A full-time employee who is almost at the maximum will be increased to the maximum in the next contract year. However, the remainder of the $1000 will also be treated as a stipend. A part-time recipient shall receive a stipend of $1000. A full-time bargaining unit member retiring before July 1 of the next contract year shall receive a full stipend of $2000.

Allocation of Award. Full-time recipients of the Distinguished Service Award shall receive two thousand dollars ($20002,000); a stipend of one thousand dollars ($1000 1,000) and one thousand dollars ($1000 1,000) added to his/her their individual base salary in the next contract year. However, a full-time employee who is already at or in excess of the maximum rate of pay for his/her their pay grade shall receive a full stipend of two thousand dollars ($2000 2,000) and no additional money will be added to his/her their base salary in the next contract year. A full-time employee who is almost at the maximum will be increased to the maximum in the next contract year. However, the remainder of the one thousand dollars ($1000 1,000) will also be treated as a stipend. A part-time recipient shall receive a stipend of one thousand dollars ($10001,000). A full-time bargaining unit member retiring before July 1 of the next contract year shall receive a full stipend of two thousand dollars ($20002,000).