Paramedic Vesting Sample Clauses

Paramedic Vesting. For employees who qualify for vesting, pay shall be frozen until such time as it, including paramedic premium pay, is equal to 5% above the pay of a Step 5 Firefighter. Thereafter, such employees shall continue to receive the 5% premium until termination or promotion to another rank. However, employees who are at the rank of Lieutenant or Captain shall have their pay frozen until such time as the regular pay for their rank equals the pay, including paramedic premium pay, they were last receiving as a Lieutenant/Paramedic or a Captain/Paramedic, whichever is applicable. The conditions and procedures which shall govern the processes by which paramedics may leave and claim the paramedic vesting provisions are as follows:
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Paramedic Vesting. For employees who qualify for vesting, pay shall be frozen until such time as it, including paramedic premium pay, is equal to 5% above the pay of a Step 5 Firefighter. Thereafter, such employees shall continue to receive the 5% premium until termination or promotion to another rank. However, employees who are at the rank of Lieutenant or Captain shall have their pay frozen until such time as the regular pay for their rank equals the pay, including paramedic premium pay, they were last receiving as a Lieutenant/Paramedic or a Captain/Paramedic, whichever is applicable. The conditions and procedures which shall govern the processes by which paramedics may leave and claim the paramedic vesting provisions are as follows: 1. Except for emergency situations where there are serious illness or injury or medical conditions, employees must give a one-year notice of intent to request reassignment out of paramedic duties. 2. No more than one employee is guaranteed the ability to request and receive reassignment with vesting benefits under this section per calendar year. Ordinarily the Department will send one or more trainees to each year’s paramedic school unless the Department has no need of additional paramedics and there are no requests for reassignment under Paragraph 3 below. However, the Department reserves the right to make the final decision as to whether or not to train additional personnel. 3. Employees requesting consideration for reassignment with vesting benefits must file their request in writing to the Chief of the Department by June 1 of each calendar year. 4. In order for the employee to receive and/or continue to receive the vesting benefit, the employee must maintain a current EMT certificate or equivalent. 5. Employees requesting reassignment with vesting benefits shall be selected on the following priority basis: First consideration shall go to the sick or injured; second consideration shall be on the basis of years of service as a paramedic; and third consideration shall be on the basis of total years of service in the Department in the rank of firefighter or above. 6. Receipt of paramedic vesting benefits shall be automatic if a paramedic is reassigned by Fire Administration for its business reasons in good standing after five (5) years of service as a paramedic. Employees so reassigned shall not be counted toward the minimums, which may apply in any year. Employees reassigned hereunder shall be entitled to a written statement of the business ...
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Paramedic Vesting. 40.1 The City recognizes that from time to time employees serving as Firefighter / Paramedic may request to be reassigned permanently to the position of Firefighter / EMT. The employee must have served in the position of Firefighter/Paramedic with the City for a minimum of five (5) years. This request for permanent reassignment is differentiated from periodic requests for temporary assignments to an engine company as a relief from Paramedic duties as described in Article 16.5. 40.2 The request will be handled on a first-come, first-serve basis in conjunction with the needs of the City. The request shall be provided to the Fire Chief or designee a minimum of six (6) months prior to the requested date of reassignment. The City will notify the employee requesting transfer within twenty (20) calendar days whether the request has been approved, and of an anticipated date for the return to Firefighter/ EMT. 40.3 Assignment to engine company duties is dependent on the existence of an open position in the Firefighter / EMT ranks. An open position shall be defined as a vacant authorized Firefighter/ EMT position which may occur as a result of routine turnover, addition of positions, or promotions. 40.4 Employees serving as Firefighter / Paramedic that are reassigned as a Firefighter/ EMT following the process detailed in Sections 38.1 through 38.3 will be entitled to a portion of their Paramedic incentive pay in the following manner: 5 years as Paramedic 50% of ALS premium 6 years as Paramedic 60% of ALS premium 7 years as Paramedic 70% of ALS premium 8 years as Paramedic 80% of ALS premium 9 years as Paramedic 90% of ALS premium 10 years + as Paramedic 100 of ALS premium 40.5 The newly assigned Firefighter/EMT shall have his/her pay, including COLAs and step increases, frozen until the Firefighter First Class pay meets the pay received by the newly assigned Firefighter/EMT.
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Paramedic Vesting. 46.1 The NCRFA recognizes that from time to time employees serving as Firefighter/Paramedic may request to be reassigned permanently to the position of Firefighter/EMT. The employee must have served in the position of Firefighter/Paramedic with the NCRFA for a minimum of five (5) years. 46.2 The request will be handled on a first-come, first-serve basis in conjunction with the needs of the NCRFA. The request shall be provided to the Fire Chief or designee a minimum of six (6) months prior to the requested date of reassignment. The NCRFA will notify the employee requesting transfer within twenty (20) calendar days whether the request has been approved, and of an anticipated date for the return to Firefighter/ EMT. 46.3 Assignment to engine company duties is dependent on the existence of an open position in the Firefighter / EMT ranks. An open position shall be defined as a vacant authorized Firefighter/ EMT position which may occur as a result of routine turnover, addition of positions, or promotions. 46.4 Employees serving as Firefighter / Paramedic that are reassigned as a Firefighter/ EMT following the process detailed in Article 30 will be entitled to a portion of their Paramedic incentive pay in the following manner: 46.5 The newly assigned Firefighter/EMT shall have his/her pay, including COLAs and step increases, frozen until the Firefighter IV pay meets the pay received by the newly assigned Firefighter/EMT.
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Related to Paramedic Vesting

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the time vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider through each applicable vesting date.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Option Vesting Options shall vest as follows: -------------- (a) 100% of the Options shall vest on the 1st anniversary of the Grant Date; (b) In the event of any change in control, merger or consolidation between the Company and any other entity (other than one in which the stockholders of the Company prior to such transaction receive, in exchange for their Company shares, stock of the surviving corporation and such stock constitutes more than 50% of the outstanding stock of the surviving corporation following such transaction), or any sale by the Company of all or substantially all of its assets, all Options then held by the Director that have not theretofore vested shall vest five days prior to the earlier of (i) the record date, if any, for such transaction and (ii) the closing date of such transaction, both subject to Section 4(a).

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.

  • General Vesting The Shares of Restricted Stock shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Termination of Service of the Participant does not occur before the applicable date on which the Shares of Restricted Stock become vested (the “Vesting Date”): Except as otherwise provided in Sections 2(b) and 4 hereof, there shall be no proportionate or partial vesting of Shares of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Shares of Restricted Stock shall occur only on the applicable Vesting Date.

  • Normal Vesting Subject to the Plan and this Agreement, if the Participant has been in Continuous Employment through the Vesting Date as set forth in Section 1, then the RSUs subject to such Vesting Date will become nonforfeitable (“Vest” or similar terms).

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Restriction Period and Vesting (a) The Units shall vest and the restrictions shall lapse as follows: (i) 25% of the Units shall vest and restrictions shall lapse on each anniversary of the grant date (the “Vesting Dates”) until the Units are fully vested, or (ii) earlier pursuant to this Agreement or in accordance with Section 6.8 of the Plan (the “Restriction Period”). As used herein, the term “vest” shall mean no longer subject to a substantial risk of forfeiture. (b) If, prior to the end of the Restriction Period, the Holder’s employment with the Company terminates by reason of death or Disability, the Units that are then unvested shall vest in full, and restrictions shall lapse, as of the date of such termination. If, after twelve months of service have been rendered and prior to the end of the Restriction Period, the Holder’s employment with the Company terminates by reason of Retirement, the portion of the Award that is then unvested shall continue to vest after the date of such termination as if the Holder’s employment with the Company continued until the end of the Restriction Period. (c) If, prior to the end of the Restriction Period, the Holder’s employment with the Company terminates for any reason other than death or Disability, or Retirement, the Units that are then unvested as of the effective date of the Holder’s termination of employment shall be forfeited by the Holder and such portion shall be cancelled by the Company. (d) In the event of a Change in Control, as defined in the Plan, the Units shall immediately vest in full and the restrictions shall lapse as provided in Section 6.8 of the Plan; provided, however, that in the event that (i) the Units constitute the payment of nonqualified deferred compensation within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) the Change in Control does not constitute a “change in control event’ within the meaning of Section 409A of the Code, the Units shall not immediately vest upon such Change in Control, but instead shall vest and be payable in accordance with the vesting schedule set forth in clause (i) of Section 1(a) hereof, or earlier pursuant to Section 1(b) hereof.

  • Restriction of Employee Status The status of all employees covered by this Agreement shall be defined under one of the preceding three (3) definitions. If a dispute arises over the proper allocation of employee status, such dispute shall be resolved through Article 9.04

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