Common use of Employee Incentive Programs Clause in Contracts

Employee Incentive Programs. Sec. 3801 NEW HIRE INCENTIVE: Effective the first full pay period after approval by the Board of Supervisors, upon Agency Head recommendation and with the approval of the CEO or designee, an employee who is newly hired may receive a one-time New Hire Incentive of up to ten percent (10%) of the newly hired employee’s current annual base wage. For purposes of this provision, “newly hired” means the employee was appointed from an open competitive recruitment and may not be a current employee or may not have been previously employed by the County of Ventura within the preceding 12 months. Further, the employee shall not be qualified for the benefits of this section if said employee received any other new hire incentive. Subsequent to the aforementioned recommendation and approval, to be eligible to receive the New Hire Incentive, the employee must sign a written agreement, acknowledging and agreeing to the repayment stipulations including paycheck deductions for repayment the New Hire Incentive. The incentive will be paid in one lump sum within two (2) pay periods of the recommendation and approval and submission of the required documentation and is subject to state and federal taxes, as well as any applicable payroll deductions. An employee who received the New Hire Incentive must maintain employment within the County of Ventura agency that originally hired said employee and remain in a VCPPOA-represented classification for a minimum of 4,160 compensable hours from the date of hire. If the employee is unable to satisfy the 4,160-hour requirement due to voluntary or involuntary separation, the employee is responsible for re- payment of the New Hire Incentive that was paid as follows: Compensable Hours Completed Pro-rata Repayment Within the probationary period 100% After probation period but before 4,159 50% Sec. 3802 EMPLOYEE REFERRAL INCENTIVE: Effective the first full pay period after approval by the Board of Supervisors, upon Agency Head recommendation, and with the approval of the Director-Human Resources, employees shall be eligible to receive the Employee Referral Incentive. Employees who meet the below specified requirements will be eligible to receive a gross amount of five hundred dollars ($500) per employee referral for classifications designated as eligible for the Employee Referral Incentive. There is no limit to the number of Employee Referral Incentive payments any one employee may receive. The Director-Human Resources or designee shall determine which positions are eligible to receive the Employee Referral Incentive. The Employee Referral Incentive will be paid in one lump sum within two

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

AutoNDA by SimpleDocs

Employee Incentive Programs. Sec. 3801 3401 NEW HIRE INCENTIVE: Effective the first full pay period after approval by the Board of SupervisorsJanuary 22, 2023, upon Agency Head agency head recommendation and with the approval of the CEO or his/her designee, an employee who is newly hired may receive a one-time New Hire Incentive of up to ten percent (10%) of the newly hired employee’s 's current annual base wage. For purposes of this provision, "newly hired" means the employee was appointed from an open competitive recruitment and may not be a current employee or may not have been previously employed by the County of Ventura within the preceding 12 months. Further, the employee shall not be qualified for the benefits of this section if said employee received any other new hire incentive. Subsequent to the aforementioned recommendation and approval, to be eligible to receive the New Hire Incentive, the employee must sign a written agreement, acknowledging and agreeing to the repayment stipulations including paycheck deductions for repayment the New Hire Incentive. The incentive will be paid in one lump sum within two (2) pay periods of the recommendation and approval and submission of the required documentation and is subject to state and federal taxes, as well as any applicable payroll deductions. An employee who received the New Hire Incentive must maintain employment within the County of Ventura agency that originally hired said employee and remain in a VCPPOA-IUOE represented classification for a minimum of 4,160 compensable hours from the date of hire. If the employee is unable to satisfy the 4,160-hour requirement due to voluntary or involuntary separation, the employee is responsible for re- payment of the New Hire Incentive that was paid as follows: Compensable Hours Completed Pro-rata Repayment Within the probationary period 100% After probation period but before 4,159 50% Sec. 3802 3402 EMPLOYEE REFERRAL INCENTIVE: Effective the first full pay period after approval by the Board of SupervisorsJanuary 22, upon Agency Head recommendation2023, and with the approval of the Director-Human Resources, employees shall be eligible to receive the Employee Referral Incentive. Employees who meet the below specified requirements will be eligible to receive a gross amount of five hundred dollars ($500) per employee referral for classifications designated as eligible for the Employee Referral Incentive. There is no limit to the number of Employee Referral Incentive payments any one employee may receive. The Director-Director- Human Resources or his/her designee shall determine which positions are eligible to receive the Employee Referral Incentive. The Employee Referral Incentive will be paid in one lump sum within two

Appears in 1 contract

Samples: Memorandum of Agreement

AutoNDA by SimpleDocs

Employee Incentive Programs. Sec. 3801 3601 NEW HIRE INCENTIVE: Effective the first full pay period after approval by the Board of Supervisors, upon Agency Head agency head recommendation and with the approval of the CEO or his/her designee, an employee who is newly hired may receive a one-time New Hire Incentive of up to ten percent (10%) of the newly hired employee’s current annual base wage. For purposes of this provision, “newly hired” means the employee was appointed from an open competitive recruitment and may not be a current employee or may not have been previously employed by the County of Ventura within the preceding 12 months. Further, the employee shall not be qualified for the benefits of this section if said employee received any other new hire incentive. Subsequent to the aforementioned recommendation and approval, to be eligible to receive the New Hire Incentive, the employee must sign a written agreement, acknowledging and agreeing to the repayment stipulations including paycheck deductions for repayment the New Hire Incentive. The incentive will be paid in one lump sum within two (2) pay periods of the recommendation and approval and submission of the required documentation and is subject to state and federal taxes, as well as any applicable payroll deductions. An employee who received the New Hire Incentive must maintain employment within the County of Ventura agency that originally hired said employee and remain in a VCPPOA-represented classification for a minimum of 4,160 compensable hours from the date of hire. If the employee is unable to satisfy the 4,160-hour requirement due to voluntary or involuntary separation, the employee is responsible for re- re-payment of the New Hire Incentive that was paid as follows: Compensable Hours Completed Pro-rata Repayment Within the probationary period 100% After probation period but before 4,159 50% Sec. 3802 3602 EMPLOYEE REFERRAL INCENTIVE: Effective the first full pay period after approval by the Board of Supervisors, upon Agency Head agency head recommendation, and with the approval of the Director-Human Resources, employees shall be eligible to receive the Employee Referral Incentive. Employees who meet the below specified requirements will be eligible to receive a gross amount of five hundred dollars ($500) per employee referral for classifications designated as eligible for the Employee Referral Incentive. There is no limit to the number of Employee Referral Incentive payments any one employee may receive. The Director-Human Resources or his/her designee shall determine which positions are eligible to receive the Employee Referral Incentive. The Employee Referral Incentive will be paid in one lump sum within two

Appears in 1 contract

Samples: Memorandum of Agreement

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