Ratification Incentive Sample Clauses

Ratification Incentive. Employees listed in the attached Memorandum of Understanding will receive a lump sum payment equal to 2% of the employee’s salary as of May 1, 2019, contingent upon ratification of the contract.
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Ratification Incentive. WSNA agrees to this MOA as the result of good faith bargaining, and will notify the King County Office of Labor Relations of the status of their member ratification votes on or before 6:30 pm on Wednesday, September 18, 2024. Ratification this Agreement by 6:30 pm on September 18, 2024, will result in an additional 1.5% General Wage Increase (GWI) effective January 1, 2025. The 1.5% GWI has been updated because the COLA calculation has been determined. The total between the 2025 COLA and the Ratification Incentive will be 5.5%.
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Ratification Incentive. 8.10.1. As of the date of ratification of this contract, each employee on the Telecommunication Center roster who is not a trainee or probationary employee, will receive a $1,500 ratification bonus. Employees in a trainee or probationary status at the time of ratification will receive the $1,500 ratification bonus upon completion of their respective probationary periods. The bonus will be processed and paid at the earliest possible pay cycle following the ratification date or the date of probation completion, as applicable. This bonus is a one-time offer, non-precedent setting, and only valid if taken in its entirety and ratified by October 31, 2019.
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Ratification Incentive. Upon County implementation of this
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Related to Ratification Incentive

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

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