Hiring Incentives. (a) Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive a restricted stock award in the amount of 9456 shares of IHOP Corp. common stock. Such restricted stock award shall be subject to the terms of the IHOP Corp. 1991 Stock Incentive Plan, as amended, and a Restricted Stock Award Agreement setting forth, among other things, the conditions for release of the restrictions on the shares.
Hiring Incentives. Police Recruits and non-lateral Academy Graduates will receive a non-pensionable hiring incentive of $6,000. o Hiring incentives for Police Recruits will be paid in three installments. o The first payment of $1,000 will be made upon hire, o The second installment of $2,000 will be made upon graduation of the LBPD Police Academy o The third payment of $3,000 will be made upon passing of probation. o Recruits in the LBPD Academy on October 1, 2023, who did not receive the previous hiring incentive, will be eligible for the second and third incentive payments on the same schedule as candidates hired as new Recruits. o The payment schedule for individuals hired as Academy graduates (from any POST Accredited Academy) will be paid in two equal installments of $3,000. The first payment upon hire and the second upon successful completion of probation. o Police Cadets, Interns, existing employees, and candidates hired by the Police Department with a conditional police recruit offer, will be exempted from the 2-year limit on previous City employment established by the City’s Incentive Policy. • Individuals are eligible to receive the $6,000 hiring incentive once in their career, across all city departments and classifications. If a City employee has received a portion of the $6,000 incentive and moves to a new position eligible for the hiring incentive, they are eligible to receive only their remaining portion of the $6,000 incentive, if any. Their remaining balance will be distributed according to the payout schedule associated with the new position. • Lateral Police Officers hired after October 1, 2023, will receive a non-pensionable hiring bonus of $30,000 paid out in three equal installments of $10,000. o The first payment will be made upon hire, o The second payment will be made upon passing of probation, and o The third payment will be made 24 months after their date of hire. For the purpose of this incentive, former POA members who are rehired after more than two years of separated time will be considered new employees. $4,000 to $5,000 and will be paid in two equal parts. ▪ Once an applicant successfully completes 6-months of service as a City of Long Beach Police Officer, the referring POA Member shall be eligible to receive the first referral bonus. ▪ Once the applicant has successfully completed the established probationary period, the referring POA Member shall be eligible to receive the second and final referral bonus. ▪ POA Members will have until the ...
Hiring Incentives. Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive a sign on bonus equal to $15,000 less all applicable withholdings and taxes.
Hiring Incentives. 10.3.2.1.1 An annual credit of $1,000 for each full-time equivalent Local Hire during construction of the Project. As used here, “Local Hire” is determined by the State of California Employment Development Department/Workforce Development records as utilized by the County. “Full-time equivalent” is defined in Section 10.3.3 below.
10.3.2.1.2 An annual credit of $500 for each full-time equivalent Veteran Hire during construction or during operation of the Project. As used here, “full-time equivalent Veteran Hire is determined by the State of California Employment Development Department/Workforce Development records as utilized by the County.
10.3.2.1.3 An annual credit of $1,500 for each full-time equivalent Permanent Local Hire during operation of the Project.
Hiring Incentives.
(a) Accrue vacation leave at a beginning rate equal to the rate they were earning at their previous employer, subject to a maximum of 160 hours per year with progression to higher accrual rates as provided in Section 27, Vacation Accrual; and
(b) Begin their employment with the City with a sick leave balance not to exceed 96 hours.
(c) Receive a hiring incentive. Any future hiring incentive program will be discussed with the Association prior to implementation and the Department will reasonably consider any recommendations from the Association regarding internal referral programs to be utilized in conjunction with that program. City of Palo Alto and PAPOA April 10, 2023 – June 30, 2025
(d) Laterals returning to the Palo Alto Police Department must have been separated from the City for a minimum of 2 years to be eligible for this incentive program.
(e) Based on years of service, level of experience, and educational achievement, experienced lateral officers may receive a starting salary at any appropriate level within the “Police Officer” classification as deemed appropriate by the City Manager on recommendation of the Chief of Police.
Hiring Incentives. (a). Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive a restricted stock award in the amount of 13,030 shares of IHOP Corp. common stock. Such restricted stock award shall be subject to the terms of the IHOP Corp. 1991 Stock Incentive Plan, as amended, and a Restricted Stock Award Agreement setting forth, among other things, the conditions for release of the restrictions on the shares.
(b). Upon the Effective Date, or as soon as practicable thereafter, Employee shall be paid a Sign-On Bonus in the amount of $75,000.00, less all applicable withholdings and taxes.
(c). Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive an option to purchase a total of 50,000 shares of IHOP Corp. common stock. Such stock option shall be subject to the terms of the IHOP Corp. 1991 Stock Incentive Plan, as amended, and a Stock Option Agreement setting forth, among other things, the option exercise vesting schedule and option exercise price.
(d). The Company agrees to loan Employee, interest free, a sum equal to ten percent (10%) of the purchase price of his new home, up to a maximum of $80,000 (the Home Loan). The Home Loan will be due upon the earliest to occur of:
(i) 36 months after the loan is made; or
(ii) immediately upon the termination (for any reason) of Employee's employment with the Company. Employee agrees to execute a promissory note evidencing the Home Loan on a form satisfactory to Company at the time the Home Loan is made.
Hiring Incentives. Qualified lateral officers, who have a current basic or higher POST certificate, hired during the term of this agreement may upon City Manager approval: City of Palo Alto and PAPOA July 1, 2018 – June 30, 2021
(a) Accrue vacation leave at a beginning rate equal to the rate they were earning at their previous employer, subject to a maximum of 160 hours per year with progression to higher accrual rates as provided in Section 27, Vacation Accrual; and
(b) Begin their employment with the City with a sick leave balance not to exceed 96 hours.
(c) Receive a hiring incentive. Any future hiring incentive program will be discussed with the Association prior to implementation and the Department will reasonably consider any recommendations from the Association regarding internal referral programs to be utilized in conjunction with that program.
(d) Laterals returning to the Palo Alto Police Department must have been separated from the City for a minimum of 2 years to be eligible for this incentive program.
(e) Based on years of service, level of experience, and educational achievement, experienced lateral officers may receive a starting salary at any appropriate level within the “Police Officer” classification as deemed appropriate by the City Manager on recommendation of the Chief of Police.
Hiring Incentives. Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive an option to purchase a total of 80,000 shares of Games, Inc. common stock. Such stock option shall be subject to the terms of the Games, Inc. 2002 Stock Incentive Plan, as amended, and a Stock Option Agreement setting forth, among other things, the option exercise vesting schedule and option exercise price. The option exercise price shall be equal to the “fair market value” (as such term is used in the 2002 Stock Incentive Plan) of Games, Inc. common stock on the Effective Date. The calculation of fair market value shall be performed in the manner most favorable to Employee. The options will have a term of 10 years and will become vested after six months. In the event the Company terminates the Executive’s employment for any reason other than Cause prior to such options having become fully vested, such options shall automatically become fully vested as of the Date of Termination.
Hiring Incentives. (i) Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive an option to purchase a total of 150,000 shares of IHOP Corp. common stock. Such stock option shall be subject to the terms of the IHOP Corp. 2001 Stock Incentive Plan, as amended, and a Stock Option Agreement setting forth, among other things, the option exercise vesting schedule and option exercise price. The option exercise price shall be equal to the “fair market value” (as such term is used in the 2001 Stock Incentive Plan) of IHOP Corp. common stock on the Effective Date. The calculation of fair market value shall be performed in the manner most favorable to Employee. The options will have a term of 10 years and will become one-third vested after one year, two-thirds vested after two years and fully vested after three years. In the event the Company terminates your employment for any reason other than Cause prior to such options having become fully vested, such options shall automatically become fully vested as of the Date of Termination.
(ii) The Company will make a personal loan to Employee of $600,000. The loan will be interest-free and shall be funded within 3 days of request by Employee. The loan amount will be forgiven in increments of $100,000 annually, commencing on December 31, 2002. In the event the Company terminates your employment for any reason other than for Cause before the loan has been completely forgiven, the loan will be forgiven and deemed paid in full effective as your last date of employment. In the event the Company terminates your employment for Cause or if at any time the Employee’s employment shall be terminated by her for any reason (other than in a Voluntary Termination), then Employee agrees to repay the remaining balance to IHOP Corp. within 60 days thereafter. In the event of a “Change in Control” as such term is used in the employment agreement referred to below, the loan shall automatically be forgiven.
(iii) IHOP Corp. will provide to you an interest free “bridge loan” of up to $600,000 to be used as a portion of the down payment on a new home, which shall be secured by a mortgage on Employee’s Kansas house. The bridge loan shall be funded within 3 days of request by Employee. Employee agrees to repay the bridge loan in full immediately upon the closing of the sale of her house in Kansas. Prior to the funding of the bridge loan, Employee shall furnish IHOP with evidence that she possesses at least $600,000 in equity in the Kans...
Hiring Incentives. Upon hiring, the employer may recognize comparable years of service towards the calculation of compensation on the wage grid in accordance with the following formula: two years as equivalent to one year of service at Athena’s, to a maximum of 10 years (level 4 on the grid). The Employer will notify the Union when applying this principle.
