Individual Incentive Sample Clauses

Individual Incentive. Employees will receive fitness incentives based on their individual level of fitness. These fitness level incentives are outlined as follows: • Level I - $300 • Level II - $400 • Level III - $500 These incentives will be a (1) one-time payment each year and will not be added to an employee’s base salary. All individual incentives will be paid in the first pay period of June each year.
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Individual Incentive. The individual incentive calculation percentage shall be based on the employee’s previous 5-year average (immediately preceding retirement) of non-work related sick leave use Example: June 30th retirement calculation is based on a July 1st to June 30th year. 48.0 hours or less = 50%‌ 48.01 to 72.0 hours = 37.5% 72.0 hours = 25%
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Individual Incentive. Members who successfully complete all components of the Fitness Program at the passing fitness level will receive a lump sum payment of $375. Members will be eligible to receive this incentive once every calendar year.
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Individual Incentive. 4.2.5 Allowances, Parking/Toll Expenses, Distant Work & Tools
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Individual Incentive. Employees will be eligible to receive an additional incentive payment on a 6 monthly basis provided they have met or exceeded the KPIs for the prior 6 month period. The incentive will be paid up to a maximum rate equivalent to 2.5% of the gross all purpose wage rate for a period of six months, or the equivalent of 5% per annum. Incentives will be paid in the second pay period following the completion of the incentive period. Individuals who have received formal warnings through the performance counselling process during the incentive period will not be eligible to receive the individual incentive for that period. Customer service, OH&S, Productivity and technology factors are the focus of these KPIs which are to be developed and agreed prior to the first incentive period under this agreement. KPIs will be regularly reviewed and re-set in line with changing business needs in line with clause 3.5 - Consultation. The responsibility for recording and communicating results against KPIs is a management responsibility. The individual incentive will be paid to employees as a separate pay run.
Sample 1
Individual Incentive. The individual incentive, if applicable to the capacity, shall be paid per month of navigation in addition to the wage as per the CBA currently in force in the form of a “Superminimo individuale” which also constitutes an advance on future wage rises accruing from any contractual increases and/or promotions or seniority increments. ADVANCES ON WAGE The Seafarer may ask as per CBA once a month an on board advance on his/her wage provide that this is no more than 80% of the net monthly wage.
Sample 1

Related to Individual Incentive

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.

  • Education Incentive Pay An employee shall be entitled to receive educational incentive pay as follows:

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Educational Incentive Pay Effective January 1, 2022, the current Education Incentive Differential (EID) rates from the pre-existing salary schedules shall be eliminated and, in their place, the following Educational Incentive Pay program will be applied. The salary schedules contained in Addendum B reflect the new Educational Incentive pay allowances. Upon successful completion of field training and promotion to the rank of Police Officer, an officer who has received or obtains one of the degrees set forth below from an accredited college or university shall receive an annual incentive allowance added to their hourly rate, as follows: • $1,500 for associate’s degree ($0.723/hour) • $3,000 for bachelor’s degree ($1.446/hour) • $4,500 for master’s degree and above ($2.169/hour) Educational incentives are not cumulative, but rather the employee will be entitled to the highest incentive based on the degree(s) obtained. In the event an employee obtains a new or higher degree during employment, the employee will submit to the Department proof of degree attainment. Upon verification and approval by the Department, within thirty (30) days of submission, the employee’s pay will be adjusted effective on the first day of the pay period following the date of submission by the employee. Any current employee with an EID classification will be adjusted to the non-EID rate, but will receive the annual incentive allowance as part of their hourly rate, spread over twenty-six (26) pay periods. The hourly rate will be calculated by dividing the annual educational incentive by 2,074 hours. Educational incentive pay will be included in the regular rate for overtime purposes. In addition, it will be counted as part of the employee’s annual salary for pension purposes, consistent with the prevailing Fire & Police Employees Retirement System regulations, and reflected on the salary schedules.

  • Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%)

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

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