City Residency Incentive Sample Clauses

City Residency Incentive. ‌ a. Employees shall receive a one-time incentive pay of $10,000 following the purchase of a primary residence inside the boundaries of the City of Sacramento. b. Employees must be an owner of record of the residence and the residence must be the employee’s primary residence to receive this Incentive. c. The City Residency Incentive shall not apply to purchases made prior to December 10, 2019. d. The City Residency Incentive shall automatically terminate on December 18, 2020.
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City Residency Incentive. A bonus of $1,000 will be provided to employees who reside within City of Dover limits. "Residence," "reside" and "residing" refers to a place of bona fide continuous habitation. Owning or renting property for which the employee does not maintain a residency within does not qualify for the incentive. Residency will be documented each year. This bonus is to be paid annually on or about September 1st to officers on record on June 1 and at the time of payment. Residency certification will be validated with the submission of the following documents. Supporting documentation must reflect the employee's name as the account holder. A. Property Tax records B. Homeowner or tenant records (mortgage, if applicable, or lease agreement, if applicable) C. City of Dover utility xxxx demonstrating customary usage or consumption to demonstrate bona fide continuous habitation D. Internet, cable, satellite, or phone/mobile records. The incentive here-in provided shall not be considered in the overtime rate or as affecting any other fringe benefit program presently in force.
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City Residency Incentive. A bonus of $1,000 will be provided to employees who reside within City of Dover limits. "Residence," "reside" and "residing" refers to a place of bona fide continuous habitation. Owning or renting property for which the employee does not maintain a residency within does not qualify for the incentive. Residency will be documented each year. This bonus is to be paid annually on or about September 1st to officers on record on June 1 and at the time of payment. In addition, the employees continue to maintain bona fide continuous habitation at the time of payment. Residency certification will be validated with the submission of the following documents. Supporting documentation must reflect the employee's name as the account holder. Property Tax records Homeowner or tenant records (mortgage, if applicable, or lease agreement, if applicable) City of Dover utility bill demonstrating customary usage or consumption to demonstrate bona fide continuous habitation Internet, cable, satellite, or phone/mobile records. The incentive here-in provided shall not be considered in the overtime rate or as affecting any other fringe benefit program presently in force.
Sample 1

Related to City Residency Incentive

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • 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 Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • 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.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Educational Incentive For those employees receiving educational incentive payment at the time of layoff, upon re-employment, such employees shall be eligible to receive educational incentive.

  • 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.

  • 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.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%) B. The above percentages will be based upon the employee’s base rate of pay. C. An employee will be entitled to one (1) education incentive pay only. D. Degrees must be from an accredited institution of higher education.

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