Educational Incentive Pay Plan Sample Clauses

Educational Incentive Pay Plan. (a) Prior to December 27, 1992, the educational incentive pay plan will be administered pursuant to 7.06 and Appendix B of the 1990-91 labor agreement. (b) Effective December 27, 1992, the educational incentive pay plan shall be as provided in Addendum B of this labor agreement.
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Educational Incentive Pay Plan. Effective December 27, 1992, the following incentive plan will be implemented in lieu of all other incentive plans: After an employee completes twenty-six (26) longevity credits, if they have an Associate Degree (or equivalent), they will receive 12% incentive; if they have a Bachelor’s Degree, they will receive 18% incentive; if they have a Master’s Degree, they will receive 22% incentive. Equivalency means sixty (60) credits* en route to Bachelor's degree. A degree must be from a school or university accredited by an authority recognized by the U.S. Department of Education. These percentages shall be on base salary only. Base salary does not include longevity pay, overtime pay or other forms of compensation not specified in the salary schedule contained in 7.01 of the agreement. Those deputies that as of December 26, 1992, receive incentive pay percentages based on attainment levels which would provide lower or no incentive pay percentages based on the above incentive step schedule shall continue to receive the same incentive pay percentages as they received on December 26, 1992. Such deputies shall be placed on the above schedule when and if they reach an educational attainment level for which the above schedule will provide an increased incentive pay percentage. *Post-high school education semester credit hours based on the University of Wisconsin- Madison semester credit evaluation system as of June 17, 1992. This includes a .666 conversion system for academic quarter credits as specified in the following paragraphs: QUARTER CREDITS and other grading and course unit systems where conversion is necessary. The official transcript is to be used as the key for translating quarter credits or units into semester hours. University of Minnesota: One quarter credit = 2/3rds (.666) of one semester hour. Cornell College: One unit = four semester hours. Fractions of .5 or more are to be rounded up to the next whole number; those of .49 or less are to be rounded down to the next whole number. The degree credits are computed by multiplying the total number of applicable credits or units by the conversion value indicated on the transcript.
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Educational Incentive Pay Plan. Effective December 27, 1992, the following incentive plan will be implemented in lieu of all other incentive plans: After an employee completes twenty-six (26) longevity credits, if they have an Associate Degree (or equivalent), they will receive 12% incentive; if they have a Bachelor’s Degree, they will receive 18% incentive. Equivalency means sixty (60) credits* en route to Bachelor's degree. A degree must be from a school or university accredited by an authority recognized by the U.S. Department of Education. These percentages shall be on base salary only. Base salary does not include longevity pay, overtime pay or other forms of compensation not specified in the salary schedule contained in 7.01 of the agreement. Those deputies that as of December 26, 1992, receive incentive pay percentages based on attainment levels which would provide lower or no incentive pay percentages based on the above incentive step schedule shall continue to receive the same incentive pay percentages as they received on December 26, 1992. Such deputies shall be placed on the above schedule when and if they reach an educational attainment level for which the above schedule will provide an increased incentive pay percentage. *Post-high school education semester credit hours based on the University of Wisconsin- Madison semester credit evaluation system as of June 17, 1992. This includes a .666 conversion system for academic quarter credits as specified in the following paragraphs: QUARTER CREDITS and other grading and course unit systems where conversion is necessary. The official transcript is to be used as the key for translating quarter credits or units into semester hours. University of Minnesota: One quarter credit = 2/3rds (.666) of one semester hour. Cornell College: One unit = four semester hours. Fractions of .5 or more are to be rounded up to the next whole number; those of .49 or less are to be rounded down to the next whole number. The degree credits are computed by multiplying the total number of applicable credits or units by the conversion value indicated on the transcript.
Sample 1
Educational Incentive Pay Plan. A. Effective the beginning of the first full pay period after the City is notified officially by POST of an officer's qualification for an Intermediate or Advance POST certificate, said officer shall receive the supplement to his or her base pay as described in Section B of this Article. B. The monthly amount of Intermediate or Advance POST pay a full-time employee shall receive is as follows: Police Officer Sergeant July 1, 2016 $396 $603 $420 $656
Sample 1
Educational Incentive Pay Plan. After an employee completes twenty-six (26) longevity credits, if they have an Associate Degree (or equivalent), they will receive 12% incentive; if they have a Bachelor’s Degree, they will receive 18% incentive; if they have a Master’s Degree, they will receive 22% incentive. Equivalency means sixty (60) credits* en route to Bachelor's degree. A degree must be from a school or university accredited by an authority recognized by the U.S. Department of Education. Educational incentive shall be included in employee's regular biweekly pay and shall have the effect of increasing the employee's basic pay in the amounts indicated above. Those deputies that as of December 26, 1992, receive incentive pay percentages based on attainment levels which would provide lower or no incentive pay percentages based on the above incentive step schedule shall continue to receive the same incentive pay percentages as they received on December 26, 1992. Such deputies shall be placed on the above schedule when and if they reach an educational attainment level for which the above schedule will provide an increased incentive pay percentage. *Post-high school education semester credit hours based on the University of Wisconsin- Madison semester credit evaluation system as of June 17, 1992. This includes a .666 conversion system for academic quarter credits as specified in the following paragraphs:
Sample 1
Educational Incentive Pay Plan. Effective December 27, 1992, the following incentive plan will be implemented in lieu of all other incentive plans: After an employee completes twenty-six (26) longevity credits, if they have an Associate Degree (or equivalent), they will receive 12% incentive; if they have a Bachelor’s Degree, they will receive 18% incentive; if they have a Master’s Degree, they will receive 22% incentive. Equivalency means sixty (60) credits* en route to Bachelor's degree. A degree must be from a school or university accredited by an authority recognized by the U.S. Department of Education. Educational incentive shall be included in employee's regular biweekly pay and shall have the effect of increasing the employee's basic pay in the amounts indicated above.
Sample 1
Educational Incentive Pay Plan 
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Related to Educational Incentive Pay Plan

  • 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 Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • 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.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • 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.

  • 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.

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