Common use of Incentive Clause in Contracts

Incentive. Full-time employees who have a minimum of two hundred forty (240) hours accumulated sick leave in a calendar year, and who do not exceed the maximum hours annually as outlined below, may qualify for additional transfer of sick time hours to personal time hours. From January 1 through June 30 – 0.0 hours used will earn 8 hours of personal time From July 1 through December 31 – 0.0 hours used will earn 8 hours of personal time Part-time employees who are at least 0.5 FTE or greater are also eligible for the incentive program on a pro- rated basis. Qualifications for the incentive are based on union FTE status as of December 31.

Appears in 8 contracts

Samples: Contract Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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