Common use of Nurse Retention Bonus Clause in Contracts

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 28 contracts

Samples: Memorandum of Agreement, Collective Agreement, Collective Agreement

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Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%.

Appears in 14 contracts

Samples: Collective Agreement, Memorandum of Agreement, Memorandum of Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). The Retention Bonus will be paid following the completion of the twelve (12) month employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s NSHEPP Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). The Retention Bonus will be paid following the completion of the twelve (12) month employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s NSHEPP Pension PlanPlan or the Provincial or Federal Superannuation Pension. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.. Effective October 31, 2025, the Retention Bonus will increase to 3.0%

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). The Retention Bonus will be paid following the completion of the twelve (12) month employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Planpension plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%. This provision is not applicable to a Casual Nurse.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). The Retention Bonus will be paid following the completion of the twelve (12) month employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. This provision is not applicable to a Casual Nurse.

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Planpension/RRSP arrangement. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). The Retention Bonus will be paid following the completion of the twelve (12) month employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.. Effective October 31, 2025, the Retention Bonus will increase to 3.0%

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings regular hours worked (exclusive of sick leave and any premiums). The Retention Bonus will be paid following the completion of the twelve (12) months employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%.

Appears in 1 contract

Samples: Collective Agreement

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Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). The Retention Bonus will be paid following the completion of the twelve (12) month employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s NSHEPP Pension PlanPlan or the Provincial or Federal Superannuation Pension. The Nurse must apply in writing to participate in the Retention BonusBonus when they first become eligible. A If the Nurse may apply continues to be employed for and participate in second and subsequent years., the Retention Bonus will be applied automatically. Effective October 31, 2025, the Retention Bonus shall increase to 3.0%

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%.

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings regular hours worked (exclusive of sick leave and any premiums). The Retention Bonus will be paid following the completion of the twelve (12) months employment period. To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%. Does not apply to a Casual Nurse.

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years.. Effective October 31, 2025, the Retention Bonus will increase to 3.0% ARTICLE 20 - SICK LEAVE, GROUP BENEFITS AND LTD‌

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. ‌‌ (Not Applicable to a Casual Nurse) The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Planpension plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%.

Appears in 1 contract

Samples: Collective Agreement

Nurse Retention Bonus. The Employer will provide a Retention Bonus to eligible Nurses who agree to remain employed for the following twelve (12) months. The Retention Bonus shall be equal to two percent (2%) of the gross annual base earnings (exclusive of any premiums). To be eligible a Nurse must be able to retire with an unreduced pension under the terms of the Employer’s Pension Planpension plan. The Nurse must apply in writing to participate in the Retention Bonus. A Nurse may apply for and participate in second and subsequent years. Effective October 31, 2025, the Retention Bonus will increase to 3.0%.

Appears in 1 contract

Samples: Memorandum of Agreement

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