Common use of Discretionary Lump Sum Payments Clause in Contracts

Discretionary Lump Sum Payments. A lump sum payment of up to five (5) percent of an employee’s annualized (52 weeks) weekly wage rate may be granted to individual employees at the Company’s discretion.

Appears in 5 contracts

Samples: Labor Agreement, Memorandum of Agreement, Memorandum of Agreement

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Discretionary Lump Sum Payments. A lump sum payment of up to five (5) percent of an employee’s annualized fifty-two (52 weeks52) weekly week wage rate may be granted to individual employees at the Company’s discretion.

Appears in 1 contract

Samples: Settlement Agreement

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