Incentive Bonus Pay for Bargaining Sample Clauses

Incentive Bonus Pay for Bargaining. Unit Employees other than RNs 1. The Employer may, in its sole and exclusive discretion, offer a bonus of $10 per hour to an employee willing to work an open shift. 2. An employee who volunteers for a Bonus Shift can be assigned to any unit in which they are qualified to work. 3. If an employee works a Bonus Shift during a paid vacation day, he/she will receive either (1) bonus pay for that day in lieu of vacation pay, or (2) bonus pay and vacation pay for that day, at the employee's option. If the employee elects bonus pay in lieu of vacation pay, the vacation time for that day will be restored to the employee's vacation bank. 4. The Employer may cancel a Bonus Shift any time subject to the following: a. If the Employer gives less than two (2) hours’ notice of cancellation and the employee has not yet begun work, the Employee must be given at least 2 hours work or two (2) hours pay in lieu of work, including bonus shift pay, at the employee’s option. b. If the Employee begins work without notice of cancellation, the Employer must give at least (i) four hours’ notice of early shift termination, or (ii) four hours’ additional pay, including bonus pay, or work in lieu of notice, at the Employer’s option. c. Total and partial cancellations of Bonus Shifts will not count toward downstaffing limitations in the collective bargaining agreement. 5. The Bonus shift and related procedures will not replace or limit any other existing practices or procedures for filling open shifts. 6. Nothing in this Section 13.6 requires the Employer to offer a bonus shift.
Sample 1
AutoNDA by SimpleDocs

Related to Incentive Bonus Pay for Bargaining

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • 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 Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • 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 Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • 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.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the salary base of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to, the following:

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