Career Incentive Pay Sample Clauses

Career Incentive Pay. Subd. 1. CQEP Goals and Criteria: The “Career Quality Earnings Program” (CQEP) previously established by Ed. MN-Buffalo and the School District shall continue in full force and effect. A committee with equal representation appointed by Xx. MN-Buffalo and the District shall meet yearly to review and possibly modify the established goals and criteria of the CQEP.
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Career Incentive Pay. Employees shall be compensated in accordance with the provisions of Massachusetts General Laws, Chapter 41, Section 108L, as amended, which has been accepted by the Town, and is incorporated herein by reference. Should the state reimbursement policy cease, the Town will continue compensation at one hundred percent (100%). Full-time permanent officers hired before July 1, 2014 who have previously not received “career incentive pay” and who otherwise meet the qualifications of X.X. x. 41, Section 108L, as amended, which has been accepted by the Town, and is incorporated herein by reference, shall be compensated in accordance with the statute. Permanent full-time officers hired after July 1, 2014, who meet the educational requirements of X.X. x. 41, Section 108L or those who hold relevant degrees, as determined by the Chief in conjunction with the Town Administrator shall be compensated as follows: $2,000/annually Associates Degree (paid bi-weekly, in base) $4,000/annually Bachelor’s Degree (paid bi-weekly, in base) $6,000/annually Master’s Degree (paid bi-weekly, in base) In accordance with Section 108L, police career incentive base salary increases shall be paid to employees each pay period, shall be considered part of base pay to determine overtime pay, court-time pay and holiday pay of employees, and shall be deemed to be regular compensation for pension/retirement purposes.
Sample 1
Career Incentive Pay. ‌ Employees who have five (5) or more years of continuous County service shall receive Career Incentive Pay in accordance with the following schedule: 5 through 9 years $28.00 10 through 14 years $58.00 15 through 19 years $87.00 20 years and over $116.00 For employees with five (5) or more years of service as of May 28, 2013, the date of ratification of this agreement the Career Incentive Pay will be frozen at the current amount above. For those employees, there will be no additional progression through the Career Incentive Pay schedule referenced herein. For employees with less than five (5) years of service as of May 28, 2013, the date of ratification of this agreement, the employees will be eligible to receive Career Incentive Pay of $28 bi-weekly when they have completed their fifth year of continuous County Service, but shall have their Career Incentive Pay frozen at that amount for the duration of their career with no additional progression thereafter. Employees hired on or after May 28, 2013 the date of ratification of this agreement will not be eligible for Career Incentive Pay as outlined in this Article.
Sample 1
Career Incentive Pay a. Xxxxx Xxxx. Effective July 1, 1998 the Town shall pay educational incentive payments in accordance with Chapter 41, Section 108L subject to the following provisions: 1. Individual Xxxxx Xxxx compensation under this Article shall be subject to approval by the Higher Education Council of the degrees and courses eligible for reimbursement. Request for such approval by the Town shall be submitted upon implementation of this Agreement. 2. For purposes of overtime, the Xxxxx Xxxx shall not be added to the base salaries of officers who are eligible for the Xxxxx Xxxx, unless an officer works more than 171 hours a month and has no offsetting credits, in which case the relevant provisions of the Fair Labor Standards Act (“FLSA”) shall apply. 3. Subject to the limitations of the FLSA, no shift or other differentials shall take into account the Xxxxx Xxxx compensation. 4. The Town Manager is authorized to adopt administrative procedures to implement this Article. 5. Regardless of the amount the Town is reimbursed by the Commonwealth of Massachusetts, and except as otherwise provided below with respect to Associate’s degrees, the Town agrees to pay 100% of the total Xxxxx Xxxx Compensation to current Westborough Police Officers hired prior to July 1, 2009 (20% for an approved Bachelor’s degree and 25% for an approved Master’s degree or Juris Doctorate). Under no circumstances will a current Westborough Police Officer hired prior to July 1, 2009 have this benefit reduced without the Town negotiating it with the Union. This section will also apply to Officer Xxxxx Xxxx who was hired prior to July 1, 2009 but does not have a Xxxxx Xxxx-approved degree. 6. The Town agrees to pay an Educational Incentive to Westborough Police Officers hired July 1, 2009 or after as follows: FY20: 12.5% for an approved Bachelor’s degree 15.625% for approved Master’s degree or Juris Doctorate. FY21: 15% for an approved Bachelor’s degree 18.75% for approved Master’s degree or Juris Doctorate. FY22: 17.5% for an approved Bachelor’s degree 21.875% for approved Master’s degree or Juris Doctorate. June 30, 2022 at 11:59pm: 20% for an approved Bachelor’s degree 25% for approved Master’s degree or Juris Doctorate. Any officer being provided an educational incentive or Xxxxx Xxxx Compensation for an Associate’s degree as of July 1, 2019 will be grandfathered at the current rate of compensation. Officers employed prior to July 1, 2019 that earn Associates degrees during the term of this agreement ...
Sample 1

Related to Career Incentive 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 (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) 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: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

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