APPRECIATION BONUS Sample Clauses

APPRECIATION BONUS. In recognition of the service of the dedicated workforce during the turbulent last few years, the Company will provide each employee that has been actively in the workplace for the last ninety (90) days with an Appreciation Bonus of $500 dollars less minimum applicable statutory deductions. The Appreciation Bonus will be paid within fifteen (15) days of ratification. This Appreciation Bonus will be paid to all those who actively re turn to the workplace for a minimum of ninety (90) days during the life of the Collective Agreement. The Appreciation Bonus will only be paid if the tentative agreement is ratified on the first attempt. LETTER OF UNDERSTANDING #11 – RE: PERSONAL PAID HOLIDAYS (PPH DAYS) This Letter of Understanding is to verify that a Personal Paid Holiday (PPH day) will be based on a twenty-four (24) hour period beginning at 6:00 a.m. the day the driver has requested and end twenty-four (24) hours later at 6:00 a.m. the following day. LETTER OF UNDERSTANDING #12 – RE: HOLIDAY DRIVER SCHEDULING This Letter of Understanding is to clarify driver scheduling after working a Statutory Holiday falling on a Monday. There are two (2) options drivers are given prior to a holiday. Option One Work the holiday for overtime at the applicable rate; or Option Two Work the holiday and receive a day off at the driver’s choosing in lieu of the holiday. As of this date, drivers choosing Option One will be placed at the bottom of the list for the next day’s preset, falling into the Dispatch rotation only after those who have not worked have been assigned a load. Those drivers choosing Option Two will be placed back into their respective seniority spot enabling them to receive an assignment based on Article 12:02 – Starting Times. Load assignments will be completed according to Sunday preset rules. The driver is also entitled to receive a paid day off in lieu of the holiday at his choosing.
Sample 1
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APPRECIATION BONUS. In recognition of the extraordinary efforts of Nurses during the COVID pandemic, eligible Nurses will receive a one-time appreciation bonus of $600. All RNs who were paid at least 208 hours from March 22, 2020 through September 19, 2020 and were actively employed on September 30, 2020 will be eligible.
Sample 1

Related to APPRECIATION BONUS

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

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