Non-Use Incentive Payment Sample Clauses

Non-Use Incentive Payment. Each regular, full-time member who has reached the cap in Section 28.1 shall receive a total payment not to exceed forty (40) hours if no sick leave was taken during the calendar year. Payment will be made in December following each calendar year. Every hour of sick time taken during the calendar year will be deducted from the forty (40) hour figure and no payment will be made if the member takes forty (40) or more hours of sick leave. An employee who has not reached the cap shall be able to participate in the conversion program as well under the same terms and conditions, but participation will be voluntary. For purposes of this article only, an incentive year shall be defined as December 1st through November 30th.
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Non-Use Incentive Payment. At the end of each calendar year, as an incentive not to abuse sick leave, a Union member who has reached the cap in Section 25.1 who has not used any sick leave during that incentive year shall be paid a maximum of forty (40) hours of pay, at the regular hourly rate of pay. For each hour of sick leave that is used the payment will be reduced accordingly. If forty (40) hours or more of sick leave is used in the calendar year, the employee is not entitled to sick leave incentive. An employee who has not reached the cap shall be able to participate in the conversion program as well under the same terms and conditions, but participation will be voluntary.
Sample 1
Non-Use Incentive Payment. Each regular, full-time member who has reached the cap in Section 25.01 shall receive, at the end of each calendar year, at the regular hourly rate of pay, a total payment not to exceed forty (40) hours, provided that no sick leave has been used during that calendar year. Every hour of sick time taken during the year will be deducted from the forty
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Related to Non-Use Incentive Payment

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • 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

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • 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.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

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

  • Shift Differential Compensation Any employee in the bargaining unit whose assigned work shift commences (for unit-1) prior to 5:30 a.m. or whose work shift ends after 5:30 p.m., or (for unit-2 members) commences after 2:00 p.m. shall be paid a shift differential premium of five (5%) percent above the regular rate of pay for all hours worked.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

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