Bonus Amount and Method of Payment. Eligible employees hired into a position/classification certified for participation in the Program shall receive no less than five hundred dollars ($500.00) and no more than one-thousand dollars ($1,000.00) upon hire. An additional one thousand dollars ($1,000) shall be paid to the employee upon completion of 26 pay periods in the position/classification for which the original bonus was granted. Employees must code at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement. Each bonus payment shall be considered taxable income and subject to withholding.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Bonus Amount and Method of Payment. Eligible employees The eligible employee hired into a position/classification certified for participation in the Program shall receive no less than five hundred dollars ($500.00) and no more than one-one thousand five hundred dollars ($1,000.001,500.00) upon hire. An additional one thousand dollars ($1,0001,000.00) and up to one thousand five hundred dollars ($1,500.00) shall be paid to the employee upon completion of 26 pay periods one-year in the position/classification for which the original bonus was granted. Employees must code granted and at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement“Meets Standard” on his/her most recent WPE. Each bonus payment shall be considered taxable income and subject to withholding.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Bonus Amount and Method of Payment. Eligible employees The eligible employee hired into a position/classification certified for participation in the Program shall receive no less than five hundred dollars ($500.00) and no more than one-thousand dollars ($1,000.00) upon hire. An additional one thousand dollars ($1,0001,000.00) shall be paid to the employee upon completion of 26 pay periods 2,080 service hours in the position/classification for which the original bonus was granted. Employees must code at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement. Each bonus payment shall be considered taxable income and subject to withholding.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Bonus Amount and Method of Payment. Eligible employees The eligible employee hired into a position/classification certified for participation in the Program shall receive no less than five hundred dollars ($500.00) and no more than one-thousand dollars ($1,000.00) upon hire. An additional one thousand dollars ($1,0001,000.00) shall be paid to the employee upon completion of 26 pay periods 2,080 service hours in the position/classification for which the original bonus was granted. Employees must code at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement. Each bonus payment shall be considered taxable income and subject to withholding.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Bonus Amount and Method of Payment. Eligible employees The eligible employee hired into a position/classification certified for participation in the Program shall receive no less than five hundred dollars ($500.00) and no more than one-one thousand dollars ($1,000.001000.00) upon hire. An additional one thousand dollars ($1,0001,000.00) shall be paid to the employee upon completion of 26 pay periods one-year in the position/classification for which the original bonus was granted. Employees must code granted and at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement“Meets Standard” on his/her most recent WPE. Each bonus payment shall be considered taxable income and subject to withholding.
Appears in 1 contract
Samples: Memorandum of Understanding