Attendance Bonus Program Sample Clauses

Attendance Bonus Program. ‌ The Company will provide an Attendance Bonus for those full-time employees (excluding sales representatives) who go through a given year with two sick days or less. In any year in which an employee is not absent from work in one calendar year, he or she shall receive a bonus of six hundred ($600.00) dollars; if an employee is absent one (1) day, he or she shall receive a bonus of four hundred ($400.00) dollars; if an employee is absent two days, he or she shall receive a bonus of two hundred ($200.00). This payout will commence January 1, 1994 for all eligible employees, to be paid out prior to January 31 of each calendar year. To qualify to be paid out: i) You must be employed at January 31 of each year, and the employee's hire date must be prior to the entire year being calculated for payment. ii) You must have worked a minimum of nineteen hundred and twenty (1920) hours. For the purposes of this calculation, hours worked will include regular hours worked, overtime hours worked, time-off for vacation, paid leaves of absence and statutory holidays. Periods of absence for occupational or non-occupational sickness or injury, unpaid leaves of absences when the employee is not being paid by the Employer shall be excluded in determining the hours worked by an employee.
Sample 1
AutoNDA by SimpleDocs
Attendance Bonus Program. Each bargaining unit employee who has perfect attendance as defined below in a given month period shall be entitled to a bonus calculated as 5% of monthly wages earned for all regular hours worked during the given month. “Perfect attendance” is defined as meeting the following requirements during the relevant measurement period: 1) working all scheduled shifts, 2) no call offs or early departures from scheduled shifts (does not include times when the Employer releases staff due to low census), 3) no vacation or other time off work of greater than two (2) weeks, 4) no tardiest, and 5) no discipline. Failure to meet any of these requirements will disqualify the employee from receiving the perfect attendance bonus during the relevant measurement period. Each bargaining unit employee who has perfect attendance as defined above in a given month period shall be entitled to a bonus. The employee must be employed during the entirety of the measurement period in order to be eligible for a perfect attendance bonus during that period. $144monthly bonus $18/hr. x 40hrs/wk. x 4 wks. = $2880 x 5% =
Sample 1
Attendance Bonus Program. 25.01 The Company will maintain its current proctice throughout the life of this agreement. 25.02 The Company will have present a Union rep for all attendance discussions. The employee has the reight to waive representation in the presence of the Union representative.
Sample 1

Related to Attendance Bonus Program

  • Attendance Bonus Employees are eligible for an attendance bonus when every shift is satisfactorily worked throughout the monthly schedule period and no changes are requested in the schedule by the employee except for trading shifts as provided for in Article 13.4.4 or utilizing unpaid union leave. To qualify, a minimum of 130 compensated hours must have been worked during the qualifying period. The bonus will be an additional twenty-five ($0.25) per hour on only the hours worked in the qualifying period.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • 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.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

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

  • Attendance Incentive It is the desire of both the Employer and the Union to provide consistent quality bus service for all students. It is also a mutual desire to have qualified permanent District bus drivers available to drive all identified bus routes. Based on this mutual interest, the parties agree to this Attendance Incentive program during the life of the Agreement:

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!