LONGEVITY AWARDS Sample Clauses

LONGEVITY AWARDS. Unit members hired prior to July 1, 2005, whose step is greater than years of service to the District, will maintain their place in the step schedule as per practice and continue to receive annual longevity awards where years of service equal step. On Step Annual Award 6 $1000 annual award 1 $1000 additional annual award 16 $1500 additional annual award However, unit members whose step level is less than their credited years of service to the District, and for those unit members hired after July 1, 2005, annual longevity awards will equal years of service to the District, regardless of Salary Step level. The annual longevity award will begin after five years of service, will be paid in the sixth year and will continue as follows: Year of Longevity Award Annual Award 6 $1000 annual award 1 $1000 additional annual award 16 $1500 additional annual award Unit members with fifteen (15) or more years of service in the District and who are eligible for full retirement within three (3) years will, upon written notification to the District of intent to retire within three (3) years or less, will receive an additional one thousand dollar ($1000) longevity award for each of the unit member’s three (3) or less remaining years of employment. [However, the one (1) Unit member who receives payout under Article IV, Section 4.01 HEALTH INSURANCE, paragraph 12 will not be eligible for this benefit.] Teacher Assistants will be entitled to 75% / 70% of the annual longevity awards at designated steps. (See section 16.01)
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LONGEVITY AWARDS. Ocean County College recognizes the value of having employees who are committed to long- term service. Ocean County College shall provide longevity awards, in accordance with the procedure set forth below:

Related to LONGEVITY AWARDS

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • 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.

  • Physician Incentive Plans In the event Provider participates in a physician incentive plan (“PIP”) under the Agreement, Provider agrees that such PIPs must comply with 42 CFR 417.479, 42 CFR 438.3, 42 CFR 422.208, and 42 CFR 422.210, as may be amended from time to time. Neither United nor Provider may make a specific payment directly or indirectly under a PIP to a physician or physician group as an inducement to reduce or limit Medically Necessary services furnished to an individual Covered Person. PIPs must not contain provisions that provide incentives, monetary or otherwise, for the withholding of services that meet the definition of Medical Necessity.

  • Service Awards In consideration of the provision of services, COMPANY to pay EMPLOYEE, as compensation; The gross amount of RMB annually calculated at the rate of twelve (12) equal monthly installments consecutively of RMB each.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Performance Incentives Provided that sufficient funds are available from athletics revenue or gifts for the unrestricted use of the Department of Athletics, Athletics Director shall be entitled to receive additional non-salary compensation from the University in the form of the following stated bonuses for increased responsibilities, provided that all varsity sports are in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Athletics Director knew or should have known. [Insert Incentives – See examples below

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • Awards (1) The tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief:

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