Common use of Ratification Bonus Clause in Contracts

Ratification Bonus. For all employees on the active payroll as of May 15, 2016, and who are also on the active payroll as of the date of payment, there will be a ratification bonus of $700 based on full-time FTE. For example, a 1.0 FTE shall receive a bonus of $700, a 0.5 FTE shall receive a bonus of $350, and so on. Reserve nurses shall receive a bonus based on 0.2 FTE ($140). The bonus will be paid within two pay periods of ratification. For nurses on the active payroll as of the date of ratification, there will be a ratification bonus paid to each nurse equivalent to two percent (2%) of the regular rate of pay for all hours compensated at the regular rate of pay or higher from and including May 16, 2013 through and including the date of ratification. The bonus will be paid according to Article 8.2.

Ratification Bonus. For all employees on the active payroll as of May 15, 2016, and who are also on the active payroll as of the date of payment, there will be a ratification bonus of $700 based on full-time FTE. For example, a 1.0 FTE shall receive a bonus of $700, a 0.5 FTE shall receive a bonus of $350, and so on. Reserve nurses shall receive a bonus based on 0.2 FTE ($140). The bonus will be paid within two pay periods of ratification. For nurses on the active payroll as of the date of ratification, there will be a ratification bonus paid to each nurse equivalent to two percent (2%) of the regular rate of pay for all hours compensated at the regular rate of pay or higher from and including May 16, 2013 through and including the date of ratification. The bonus will be paid according to Article 8.2.

Ratification Bonus. For all employees on the active payroll as of May 15June 30, 20162020, and who are also on the active payroll as of the date of payment, there will be a ratification bonus of $700 550 based on full-time FTE. For example, a 1.0 FTE shall receive a bonus of $700550, a 0.5 .5 FTE shall receive a bonus of $350275, and so on. Reserve nurses For purposes of the ratification bonus, 0.9 FTE employees shall be considered full-time. Per diem and supplemental employees shall receive a bonus based on 0.2 FTE ($140).2 FTE. The bonus will be paid within two pay periods of ratification. For nurses on the active payroll as of the date of ratification, there will be a ratification bonus paid to each nurse equivalent to two percent (2%) of the regular rate of pay for all hours compensated at the regular rate of pay or higher from and including May 16, 2013 through and including the date of ratification. The bonus will be paid according to Article 8.2.