Common use of Lump Sum Payments Clause in Contracts

Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) Within thirty (30) days after February 1, 2019, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00 less required state and federal taxes. (b) Within thirty (30) days after February 1, 2020, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00, less required state and federal taxes. (c) Within thirty (30) days after February 1, 2021, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $500.00, less required state and federal taxes.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) Within thirty (30) days after February 1, 20192014, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.00 1,000.00 less required state and federal taxes. (b) Within thirty (30) days after February 1, 20202015, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.00, 1,000.00 less required state and federal taxes. (c) Within thirty (30) days after February 1, 20212016, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $500.001,000.00, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) Within thirty (30) days of ratification and signing of the Agreement, the Employer shall make a lump-sum payment (not added to base salary) to each employee in the amount of $2,000, less required state and federal taxes. (b) Within thirty (30) days after February 1, 20192017, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00 1,500, less required state and federal taxes. (bc) Within thirty (30) days after February 1, 20202018, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.001,000, less required state and federal taxes. (c) Within thirty (30) days after February 1, 2021, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $500.00, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) Within thirty (30) days after February 1, 20192018, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.00 1,500, less required state and federal taxes. (b) Within thirty (30) days after February 1, 20202019, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.00, 1,000 less required state and federal taxes. (c) Within thirty (30) days after February 1, 20212020, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $500.001,000, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) A. Within thirty (30) days after February 1, 2019of ratification and signing of the Agreement, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.00 1,000.00, less required state and federal taxes. (b) B. Within thirty (30) days after February July 1, 20202014, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.001,000.00, less required state and federal taxes. (c) C. Within thirty (30) days after February July 1, 20212015, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $500.001,000.00, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Lump Sum Payments. The Employer shall make three two (32) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) A. Within thirty (30) days after February July 1, 2019, 2020 the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00 less required state and federal taxes. (b) Within thirty (30) days after February 1, 2020, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.001,000.00, less required state and federal taxes. (c) B. Within thirty (30) days after February July 1, 2021, 2021 the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $500.00, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) Within thirty (30) days after February 1, 2019of ratification and signing of the Agreement, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.00 1,000.00 to each employee, less required state and federal taxes. (b) Within thirty (30) days after February 1, 20202015, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $1,250.001,000.00 to each employee, less required state and federal taxes. (c) Within thirty (30) days after February 1, 20212016, the Employer shall make a lump- lump-sum payment (not added to base salary) to each employee in the amount of $500.001,000.00 to each employee, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows: (a) Within thirty (30) days after February 1, 2019, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00 1,000, less required state and federal taxes. (b) Within thirty (30) days after February 1, 2020, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.001,000, less required state and federal taxes. (c) Within thirty (30) days after February 1, 2021, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $500.00500, less required state and federal taxes.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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