Common use of Ratification Bonus Clause in Contracts

Ratification Bonus. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Regular Hire full-time employees whose combined annual compensation, inclusive of base wages and any form of cash back and exclusive of overtime, is less than $90,000, shall receive a one-time, non-pensionable payment of $1,000. This amount will be prorated for Regular Hire part-time employees based on the part-time employee’s FTE. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Regular Hire full-time employees whose combined annual compensation, inclusive of base wages and any form of cash back and exclusive of overtime, is equal to or greater than $90,000, shall receive a one-time, non-pensionable payment of $500. This amount will be prorated for Regular Hire part-time employees based on the part-time employee’s FTE. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Contingent Hire employees who do not have a Regular Hire appointment will receive the following one-time payment based on hours worked in the July 1, 2017-June 30, 2018 fiscal year: 1,000 hours or more but less than 1,800 hours: $250 1,800 hours or more: $500

Ratification Bonus. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Regular Hire full-time employees whose combined annual compensation, inclusive of base wages and any form of cash back and exclusive of overtime, is less than $90,000, shall receive a one-time, non-pensionable payment of $1,000. This amount will be prorated for Regular Hire part-time employees based on the part-time employee’s FTE. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Regular Hire full-time employees whose combined annual compensation, inclusive of base wages and any form of cash back and exclusive of overtime, is equal to or greater than $90,000, shall receive a one-time, non-pensionable payment of $500. This amount will be prorated for Regular Hire part-time employees based on the part-time employee’s FTE. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Contingent Hire employees who do not have a Regular Hire appointment will receive the following one-time payment based on hours worked in the July 1, 2017-2017- June 30, 2018 fiscal year: 1,000 hours or more but less than 1,800 hours: $250 1,800 hours or more: $500