Common use of RATIFICATION AND RECOGNITION LUMP SUM Clause in Contracts

RATIFICATION AND RECOGNITION LUMP SUM. Effective the first full pay period following 60 days after ratification, all Residents shall receive a non- base-building $4,000.00 lump sum payment. Such payment will be paid as wages and subject to all taxes and other appropriate deductions, excluding Union dues. Eligible Residents must be in the bargaining unit on the date of payout.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Salary Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

RATIFICATION AND RECOGNITION LUMP SUM. Effective the first full pay period following 60 days after ratification, all Residents shall receive a non- base-building $4,000.00 3,000.00 lump sum payment. Such payment will be paid as wages and subject to all taxes and other appropriate deductions, excluding Union dues. Eligible Residents must be in the bargaining unit on the date of payout.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!