Lump Sum Bonuses Sample Clauses

Lump Sum Bonuses. A Lump Sum Bonus of $500 shall be payable to each employee actively at work on September 1, 2014. Such Lump Sum Bonus shall be paid by October 15, 2014. A Lump Sum Bonus of $500 shall be payable to each employee actively at work on September 1, 2015. Such Lump Sum Bonus shall be paid by October 15, 2015. A Lump Sum Bonus of $500 shall be payable to each employee actively at work on September 1, 2016. Such Lump Sum Bonus shall be paid by October 15, 2016. A Lump Sum Bonus of $500 shall be payable to each employee actively at work on September 1, 2017. Such Lump Sum Bonus shall be paid by October 15, 2017. An employee who is off work and receiving Weekly Indemnity or WSIB benefits for less than two years as of the eligibility date for the Lump Sum Bonuses as set forth above, and who returns to active work within one year of the eligibility date for such Lump Sum Bonuses, shall be eligible for such Lump Sum Bonus.
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Lump Sum Bonuses. A 2.75% one-time, lump sum bonus will be paid to each eligible member of the bargaining unit who is actively employed by the District as of 12/2/2022 including employees on Short-Term Disability and FMLA. This one-time, lump sum bonus will be calculated on wages paid between December 17,2021 and December 2, 2022 (up to 26 paychecks) and will exclude longevity and any other bonus earnings. The bonus shall be paid by 12/16/22. Any employee on LOA for the entire earning period is not eligible for this bonus. A second 2.5% one-time lump sum bonus will be paid to each eligible member of the bargaining unit who is actively employed by the District as of 5/26/2023, including employees on Short-Term Disability and/or FMLA. This one-time, lump sum bonus will be calculated on wages paid between May 20, 2022 and May 5, 2023 (up to 26 paychecks) and will exclude longevity and any other bonus earnings. This bonus shall be paid on 5/26/2023. Any employee on LOA for the entire earning period is not eligible for this bonus.
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Lump Sum Bonuses. Consistent with current practice, during the term of this Agreement, full time and part time employees who have reached the maximum pay rate for their classification shall receive a lump sum bonus instead of an hourly wage rate increase. Such lump sum bonus shall be paid at the same time as wage rate increases are provided to non-maxed out employees, at the same percentages specified in Section 12.1 above. For example, the lump sum bonus paid the first full pay period following July 1, 2019, shall be equal to 2.75% of the maxed-out Employee’s base hourly rate, multiplied by the number of hours worked in the previous twelve (12) months.
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Lump Sum Bonuses. A $1,500 lump sum bonus would be paid to then-current employees after the date the Base Wage Reduction is implemented.
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Lump Sum Bonuses. A Lump Sum Bonus of $4,000 shall be payable within 30 days of ratification of the 2022 Collective Bargaining Agreement to each Employee accruing Pension Service, as defined by the Pension Agreement between the Parties, on December 20, 2022. Probationary Employees hired before December 20, 2022, shall not be eligible for the Lump Sum Bonus until such time as they have successfully completed their probationary period. Lump Sum Bonuses shall not be used in the calculation of any other pay, allowance or benefit and shall be subject to all required withholdings and Union dues.
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Lump Sum Bonuses 
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Related to Lump Sum Bonuses

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • 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.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌ (a) Retire at age sixty-five (65) years; or (b) Retire after age sixty-five (65) years; or (c) Have completed at least ten (10) years continuous employment and retire after age fifty-five (55) years but before age sixty-five (65) years; (d) Employees who have completed at least ten (10) years continuous service with the Employer, whose age plus years of that service equal eighty (80); shall be granted retirement bonus on the basis of four (4) days per year of employment.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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