Off Season Vacation Bonus Program Sample Clauses

Off Season Vacation Bonus Program. The city wishes to encourage twenty-four-hour shift scheduled employees to utilize their vacation time throughout the fiscal year in order to reduce overtime and increase the availability of prime vacation time to less senior employees. The program will be implemented, at the discretion of the city, ensuring that customer service needs are met, minimum staffing needs are met, productivity is maintained, and there is no overtime expense, paid or compensatory time off. Therefore, this bonus program for off-season vacation scheduling is not available when the minimum staffing needs, as determined by the city, are unmet and there is overtime cost associated with approving the requested bonus vacation. The city offers eight (8) hours bonus vacation time off with pay for every thirty-two (32) consecutive vacation hours off, taken between December 1 and May 31, excluding the period from December 15 through December 31. No more than two-eight-hour blocks of vacation bonus hours (16 hours) can be earned and taken each fiscal year. The eight (8) vacation bonus hours off, must be taken consecutive to a block of thirty-two (32) consecutive vacation hours off, for a minimum total of forty (40) consecutive vacation hours off and a maximum total of eighty (80) consecutive vacation hours off. There is no carry forward to another fiscal year.
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Related to Off Season Vacation Bonus Program

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Sick Leave Incentive Program MSUAASF and Minnesota State may develop a sick leave incentive program through the establishment of a joint committee.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • VACATION PLAN 36.01 All 12 month employees in the bargaining unit shall earn paid vacation time under this Article. Vacation benefits are earned on a fiscal year basis - July 1 through June 30.

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • 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.

  • Deferred Salary Leave Each employer ratifying this Agreement will establish or, as necessary, review and update a deferred salary leave plan consistent with Regulations issued by Canada Revenue Agency under the Income Tax Act. The parties may use the Application, Agreement, and Approval Form as a template (see Appendix H) for the deferred salary leave plan.

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