Educational Incentive Award Sample Clauses

Educational Incentive Award. Effective Spring Semester 2001 all regular classified employees are eligible to be paid a one-time stipend of $125.00 per credit upon satisfactory completion of any college level credited course from an accredited college which (a) is part of a degree or certificate program leading to a certificate or degree or (b) is in the best interest of the employee and the District as determined by the employee and the appropriate Vice President or Xxxx. Courses may not be repeated unless mutually agreed by the appropriate Vice President or Xxxx. 13.10.1 All courses must be offered through an accredited institution of higher education, taken for credit, and a “C” or higher must be achieved. 13.10.2 Auditing of courses, credit for work experience, internships, credit by examination, in-service training conducted during work hours, or any activity for which paid release time from duties has been granted are not permitted under this program. 13.10.3 A maximum of six (6) credits per semester, eighteen (18) per year, are allowed to any individual employee. 13.10.4 Unpaid release time (time during the regular work day) may be provided to employees to take classes. Employees must make arrangements with and must receive prior written permission from the immediate supervisor. The written permission must be forwarded to the Office of Human Resources. Employees may request educational incentive award for classes taken during unpaid release time. 13.10.5 Within ninety (90) calendar days following the completion of a course, the employee must provide the Office of Human Resources an official grade report or transcript along with a request for the award. 13.10.6 The award will be included with the employee’s regular month-end payroll and be processed within thirty (30) days of approval of the request. 13.10.7 Employees may be given paid release time to attend job related or personal enrichment activities such as courses, workshops, and seminars with the approval of the immediate supervisor. Employees may not request educational incentive award for courses taken during paid release time.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Educational Incentive Award. Employees may be granted an Educational Incentive Award upon completion of a program of study, degree and/or certification from an accredited institution or professional organization. Course of study should be relevant to the position and/or departmental needs. Participation by the employee should be pre-approved by the Department Head with endorsement by the Senior Vice President of Human Resources or designee. Upon completion of program/degree/certification, employee submits written confirmation of the completed coursework/license/certification to supervisor. The Educational Incentive Awards are paid as a bonus upon submission of proof of completion as follows: Associate Degree $ 500 Baccalaureate Degree $ 1,000 Master’s Degree $1,500 Doctorate Degree/Juris Doctor $2,000 Apprenticeship $ 500 Journeyman $ 750 Professional Registration or License $1,000 Professional Certification $ 500
Sample 1
Educational Incentive Award. The City shall grant a one-time payment of $750 to each full-time, non-probationary, employee covered under this agreement who has been awarded an Associate of Arts degree (or has completed 60 college semester units or equivalent quarterly units). Each full-time, non-probationary, employee covered under this agreement who has been awarded a Bachelor of Arts or has completed 120 college semester units or equivalent quarterly units) shall receive a one-time payment of $1,000.00. Either degrees or units listed may be in any area of study. Any eligible employee who is receiving a 2.5% educational incentive pay as of December 31, 2011, shall continue to receive such compensation in lieu of any one-time educational incentive award(s) while in an eligible classification.
Sample 1
Educational Incentive Award. Employees may be granted an Educational Incentive Award upon completion of a program of study, degree and/or certification from an accredited institution or professional organization. Course of study should be relevant to the position and/or departmental needs. Participation by the employee should be pre- approved by the Department Head with endorsement by the Vice President of Human Resources or designee. Upon completion of program/degree/certification, employee submits written confirmation of the completed coursework/license/certification to supervisor. The Educational Incentive Awards are paid as a bonus upon submission of proof of completion as follows: Associate Degree $ 500 Baccalaureate Degree $ 1,000 Master’s Degree $1,500 Doctorate Degree/Juris Doctor $2,000 Apprenticeship $ 500 Journeyman $ 750 Professional Registration or License $1,000 Professional Certification $ 500
Sample 1
Educational Incentive Award. A. The Borough agrees to pay each employee covered by this Agreement, in addition to his annual salary an education incentive/award of Ten Dollars ($10.00) per college credit up to a maximum of Seven Hundred Fifty Dollars ($750.00) per year, per employee. Effective January 1, 2014 $750.00 shall be added to all steps within the existing salary guide and this education incentive/award shall expire and will no longer be paid. B. The Borough agrees to pay the education incentive/award to each employee in bi-weekly increments. C. Employees agree to submit proof of all credits, as per paragraph A above, to be paid in the following year to the Borough no later than December 1st of the preceding year. D. The Borough will reimburse any member who attends a State College or university or any other college/university providing the tuition rate is less than or equal to the maximum cost of that of a state college/university and takes courses leading to a degree in criminal justice, or a related field of study. It is expressly agreed that this field of study limitation shall not apply to those officers (Matunas,Ramp and Xxxxxx) currently or previously enrolled in such courses. The Borough will pay the members who achieve a “C”, or better in the course on the first payday following the receipt of the grades by the Chief of Police. The Borough will also pay the member for the textbooks used during the course as long as the text books are returned to the Borough for future use by other members. These tuition and textbook reimbursements shall be limited to employees hired before January 1, 2014 who have not obtained an undergraduate degree. E. The Borough agrees to establish a suitable training program to advance the professional education and training of the members of the Association. The Chief of Police, in his discretion, shall establish said program and arrange for six members of the Association to attend such training on an annual basis. F. These schools shall be in addition to all schools attended by an officer on his personal time.
Sample 1

Related to Educational Incentive Award

  • 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.

  • 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.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • 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 Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Equity Incentive Awards The Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a Change of Control in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • 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.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • 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.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

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