MERIT INCENTIVE PROGRAM Sample Clauses

MERIT INCENTIVE PROGRAM. SECTION 1. In addition to the annual salary, a Merit Incentive step payment program is hereby instituted for all Fifth (5th) Grade Patrolmen hired before January 1, 1996 and for all Sixth (6th) Grade Patrolmen hired after January 1, 1996. Such Merit Incentive step payment shall be determined according to the following schedule and implemented in accordance with Schedule "A". A. For period starting January 1, 2006: Incentive Step Points Required Dollar Value Per Point Additional Compensation 1st 30 $28.00 $ 840.00 2nd 45 28.00 1,260.00 3rd 70 28.00 1,960.00 4th 90 28.00 2,520.00 5th 110 28.00 3,080.00 6th 120 28.00 3,360.00 7th 140 28.00* 3,920.00 8th 160 28.00* 4,480.00 9th 200 28.00* 5,600.00 B. For period starting January 1, 2007: Incentive Step Points Required Dollar Value Per Point Additional Compensation 1st 30 $28.00 $ 840.00 2nd 45 28.00 1,260.00 3rd 70 28.00 1,960.00 4th 90 28.00 2,520.00 5th 110 28.00 3.080.00 6th 120 28.00 3,360.00 7th 140 28.00* 3,920.00 8th 160 28.00* 4,480.00 9th 200 28.00* 5,600.00 C. For period starting January 1, 2008 Incentive Step Points Required Dollar Value Per Point Additional Compensation 1st 30 $28.00 $ 840.00 2nd 45 28.00 1,260.00 3rd 70 28.00 1,960.00 4th 90 28.00 2,520.00 5th 110 28.00 3,080.00 6th 120 28.00 3,360.00 7th 140 28.00* 3,920.00 8th 160 28.00* 4,480.00 9th 200 28.00* 5,600.00 D. For period starting January 1, 2009 Incentive Step Points Required Dollar Value Per Point Additional Compensation 1st 30 $28.00 $ 840.00 2nd 45 28.00 1,260.00 3rd 70 28.00 1,960.00 4th 90 28.00 2,520.00 5th 110 28.00 3,080.00 6th 120 28.00 3,360.00 7th 140 28.00* 3,920.00 8th 160 28.00* 4,480.00 9th 200 28.00* 5,600.00 E. For period starting January 1, 2010: Incentive Step Points Required Dollar Value Per Point Additional Compensation 1st 30 $28.00 $ 840.00 2nd 45 28.00 1,260.00 3rd 70 28.00 1,960.00 4th 90 28.00 2,520.00 5th 110 28.00 3,080.00 6th 120 28.00 3,360.00 7th 140 28.00* 3,920.00 8th 160 28.00* 4,480.00 9th 200 28.00* 5,600.00 * Must have obtained a minimum of an Associate Degree to qualify for this additional compensation. SECTION 2. The Merit Incentive points are to be awarded as follows: A. Prior to January 1, 1973 each class hour at approved courses of more than ten (10) hours conducted by state, federal or other training agencies outside of the Departmental in-service training programs and initial recruit academy training - 1/20 point. B. After January 1, 1973 each class hour at approved courses of more than ten...
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MERIT INCENTIVE PROGRAM. SECTION 1. The Township recognizes years of faithful service by granting Employees a longevity increment in accordance with the following schedule:  After 1 year of PFRS creditable service with the Township’s Fire Department (“Service”): $600;  After 2 years of Service: $1,200;  After 3 years of Service: $1,800;  After 4 years of Service: $2,400;  After 5 years of Service: $3,000; and  After 6 years of Service: $3,600.  After 1 year of PFRS creditable service with the Township’s Fire Department (“Service”): $1,000;  After 2 years of Service: $2,000;  After 3 years of Service: $3,000;  After 4 years of Service: $4,000;  After 5 years of Service: $5,000; and  After 6 years of Service: $6,000. Starting in 2015 only, and only for those Employees that attain 6 years of service and an Associate’s Degree, the merit incentive pay will be considered as part of base pay.
Sample 1
MERIT INCENTIVE PROGRAM. The Township recognizes years of faithful service by granting Employees a longevity increment in accordance with the following schedule:
Sample 1
MERIT INCENTIVE PROGRAM. SECTION 1. In addition to the annual salary, a Merit Incentive step payment program has been instituted for all Fifth (5th) Grade Firemen and all Fifth Grade Firemen assigned the duty of Fire Inspector or Fire Mechanic according to the following schedule as implemented in accordance with Schedule "C". A. For period from January 1, 2006 to December 31, 2010: Incentive Points Dollar Value Additional Step Required Per Point Compensation 1st 30 $28.00 $ 840.00 2nd 45 28.00 1,260.00 3rd 70 28.00 1,960.00 4th 90 28.00 2,520.00 5th 110 28.00 3,080.00 6th 120 28.00 3,360.00 7th 140 28.00* 3,920.00 8th 160 28.00* 4,480.00 9th 200 28.00* 5,600.00 * Must have obtained a minimum of an Associate Degree to qualify for this additional compensation. SECTION 2. The Merit Incentive points are to be awarded as follows: A. Each class hour at approved courses of more than eight (8) hours conducted by state, federal or other training agencies outside of Departmental in-service training programs and initial recruit academy training - 1/15th point. B. Each full year of service in the Department - 1 point. C. Each approved semester hour credit obtained in a college, technical institute or other institution of higher learning in courses prescribed by the Chief of Fire with approval of the Township Committee - 1 point. Points may be awarded by the Township Committee for technical schools, Department of Fire oriented, attended prior to appointment to the Department of Fire. Such courses must be documented in full and must be approved by the Chief of the Department of Fire and by the Township Administrator. X. Xxxxxxxxxx average mark of eighty (80) or above in annual in- service examinations - 1 point. X. Xxxxxxxxxx hours obtained in correspondence courses prescribed by the Chief of Fire with approval of the Township Committee. Points to be assigned each course prior to the commencement of said course. Range from 2 to 6 points. F. Associate Degree - 15 points. Payment for this degree and the associate degree in subsection H below will commence upon receipt of the degree. G. Associate Degree in Fire Science or Technology - 25 points. However, since Associate Degrees in Fire Science were not always available at all times, points may be granted, upon recommendation of the Township Administrator and approval of the Township Committee, of the courses completed and other supporting documents. H. When an employee is awarded an Associates Degree, Merit Incentive points for possession of this ...
Sample 1
MERIT INCENTIVE PROGRAM. A. In addition to the annual salary, a merit incentive step payment program is hereby instituted for all fourth (4th) grade patrolmen. Such merit incentive step payment shall be determined according to the following schedule. For the periods starting January 1, 2003, 2004 and 2005: Incentive Points Dollar Value Additional 30 $11.00 $330.00 45 $11.00 $495.00 70 $11.00 $770.00 90 $11.00 $990.00 110 $11.00 $1,210.00 120 $11.00 $1,320.00 140* $11.00 $1,540.00* 160* $11.00 $1,760.00* 1st 2nd 3rd 4th 5th 6th 7th 8th *Must have obtained a minimum of an Associates Degree to qualify for this additional compensation. B. The merit incentive points are to be awarded as follows: 1. After January 1, 1980, each class hour at approved courses of more than eight (8) hours conducted by State, Federal or other training agencies outside of departmental in-service programs and initial recruit academy training – 1/15 point. 2. Each full year of service in the department – 1 point. This cannot be counted twice. If credit given under longevity, cannot be applied here. 3. Each approved semester hour credit obtained in a college, technical institute, or other institution of higher learning in courses prescribed by the Chief of Police with approval of the Borough Council – 1 point. 4. Qualifying average xxxx of eighty (80.0%) per cent or above average in annual in-service training examinations – 1 point. 5. Recognized hours obtained in correspondence courses prescribed by the Chief of Police with approval of the Borough Council. Points to be assigned each course prior to the commencement of said course. Range from 2 to 6 points. 6. Associates Degree – 15 points. 7. Associates Degree in Police Science – 25 points. 8. Baccalaureate Degree – 35 points. 9. Baccalaureate Degree with Police Field Major – 50 points. However, the maximum number of points that can be amassed for any degree or combination of degrees in 50 points. C. Points shall accumulate from date of appointment. Points earned during the period January 1, through December 31 are added and applied to the accumulated point total in the succeeding year for any additional compensation due. However, the additional compensation shall not commence until completion of service as a fourth grade patrolman. D. Payment of merit incentive compensation shall be included as part of the annual salary for pension calculation and shall not be added to the base salary for payment of overtime. Payment of merit incentive compensation will be ma...
Sample 1
MERIT INCENTIVE PROGRAM. The Township recognizes years of faithful service by granting Employees a longevity increment in accordance with the following schedule: For Employees not having an Associate’s (2 year college) Degree  After 1 year of State accepted pension system service with the Township’s Fire Department (“Service”): $600;  After 2 years of Service: $1,200;  After 3 years of Service: $1,800;  After 4 years of Service: $2,400;  After 5 years of Service: $3,000; and  After 6 years of Service: $3,600.  After 1 year of State accepted pension system service with the Township’s Fire Department (“Service”): $1,000;  After 2 years of Service: $2,000;  After 3 years of Service: $3,000;  After 4 years of Service: $4,000;  After 5 years of Service: $5,000; and  After 6 years of Service: $6,000. Starting in 2015 only, and only for those Employees that attain six (6) years of service and an Associate’s Degree, the merit incentive pay will be considered part of base pay.
Sample 1

Related to MERIT INCENTIVE PROGRAM

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

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