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. Police Referral Bonus • The Referral Incentive Bonus in Article Two, Section XXI of the MOU will be increased. o The non-pensionable referral bonus for Lateral Police Officers will increase from $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 appl...
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:
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
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.
Hiring Incentives. Provide State and/or federally generated information on tax credit and/or incentive programs available to employers.
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.
Hiring Incentives. Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive a signing bonus of $10,000 and an option to purchase a total of 20,000 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.
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. (a). 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. (b). Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive an option to purchase a total of 20,000 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. (c) The Company agrees to reimburse Employee for any loss on the sale of his current residence in Scottsdale, Arizona, up to a maximum of $30,000, plus the amount of any income taxes associated with such reimbursement. Employee shall furnish the Company with documentation establishing his actual cost basis in the residence,
