Retention Incentive Bonus. Members of the System whose membership 19 began prior to January 1, 1982, and as of January 1, 2001, are either actively 20 employed or on an approved leave of absence, shall have their final average 21 salary increased by a bonus of 7.5% for each year of pension service credit 22 earned after January 1, 2001. Said bonus shall be credited on a daily basis 23 and the maximum bonus which can be added to an eligible member’s final 24 average salary shall not exceed 25%. This provision shall not apply to a 25 member of the Employee’s Retirement System who became a member of 26 the System prior to January 1, 1982, and as of January 1, 2001 is either 27 eligible for a deferred vested benefit under 201.24 (4.5) or is receiving a 28 pension benefit, unless such member returns to active County employment 29 and is eligible to earn additional pension service credit.
Retention Incentive Bonus. Members of the System whose membership began 29 prior to January 1, 1982, and as of January 1, 2001, are either actively employed 30 or on an approved leave of absence, shall have their final average salary increased 31 by a bonus of 7.5% for each year of pension service credit earned after January 1, 32 2001. Said bonus shall be credited on a daily basis and the maximum bonus 33 which can be added to an eligible member’s final average salary shall not exceed
Retention Incentive Bonus. If the Executive faithfully performs the duties he has been assigned by the Bank and remains an employee in good standing during the Term, the Bank will pay to the Executive a cash retention incentive bonus equal to twenty-five percent (25%) of the Executive’s then current annual Base Salary (the “Bonus”). For this purpose, Base Salary is the annual salary paid to the Executive for services rendered and does not include benefits, bonus, or other incentive compensation. The Bank shall pay the Bonus in a single lump sum on the eighteen-month anniversary of the Effective Date.
Retention Incentive Bonus. The following employees shall have all past and 26 future pension service credited at 2% and upon retirement shall be eligible for
Retention Incentive Bonus. Subject to the terms of this Agreement, Employee shall be eligible for the payment of a retention incentive bonus (the “Retention Incentive Bonus”) in the amount of $600,000. The Retention Incentive Bonus will vest on the earliest to occur of (i) Employee’s termination of employment by the Company, not for Cause, after the Closing Date, (ii) Employee’s Good Reason Resignation as defined herein after the Closing Date, and the (iii) the last day of the Retention Period, subject to the Employee remaining an Active Employee through the last day of the Retention Period. The Retention Incentive Bonus will be subject to all applicable tax withholdings and other deductions required by law.
Retention Incentive Bonus. Members of the System whose 21 membership began prior to January 1, 1982, and as of January 1, 2001, 22 are either actively employed or on an approved leave of absence, shall 23 have their final average salary increased by a bonus of 7.5% for each 24 year of pension service credit earned after January 1, 2001. Said 25 bonus shall be credited on a daily basis and the maximum bonus which 26 can be added to an eligible member’s final average salary shall not 27 exceed 25%. This provision shall not apply to a member of the 28 Employee’s Retirement System who became a member of the System 29 prior to January 1, 1982, and as of January 1, 2001 is either eligible for 30 a deferred vested benefit under 201.24 (4.5) or is receiving a pension 1 benefit, unless such member returns to active County employment and 2 is eligible to earn additional pension service credit.
3 (2) For all employees who are members of the Employees' Retirement System as 4 of January 1, 1971, the County shall contribute a sum equal to 6% of each 5 employee's earnings computed for pension purposes into such account on 6 behalf of each such employee. All such sums contributed, in addition to the 7 contributions previously made by the employee, shall be credited to the 8 employee's individual account and be subject to the provisions of the pension 9 system as it relates to the payment of such sums to such employees upon 10 separation from service. The provisions of this paragraph shall not apply to 11 employees in the bargaining unit in the following classes who were not 12 members of the Employees' Retirement System on or before the 12th day of 13 December 1967, or whose date of hire is later than December 23, 1967:
(a) Emergency appointment, full time
(b) Emergency appointment, part time 16 (c) Regular appointment, seasonal
Retention Incentive Bonus. Members of the System whose membership began prior to January 1, 1982, and as of January 1, 2001, are either actively employed or on an approved leave of absence, shall have their final average salary increased by a bonus of 7.5% for each year of pension service credit earned after January 1, 2001. Said bonus shall be credited on a daily basis and the maximum bonus which can be added to an eligible member’s final average salary shall not exceed 25%. This provision shall not apply to a member of the Employee’s Retirement System who became a member of the System prior to January 1, 1982, and as of January 1, 2001 is either eligible for a deferred vested benefit under 201.24 (4.5) or is receiving a pension benefit, unless such member returns to active County employment on or after January 1, 2000 and is eligible to earn additional pension service credit. employees who retire after January 1, 1986, overtime shall not be 27 included in the computation of final average salary.
Retention Incentive Bonus. Subject to the terms of this Agreement, Employee shall receive a cash award in three (3) installments, with an aggregate value equal to the percentage of Employee’s base salary, calculated and payable as described in Section 2(b) below (the “Retention Incentive Bonus”).
Retention Incentive Bonus. Subject to the terms of this Agreement, Employee shall receive a cash award in two installments, with an aggregate value equal to the percentage of Employee’s base salary, calculated and payable as described in 2(b) below (the “Retention Incentive Bonus”).
Retention Incentive Bonus. In the event the Company becomes a debtor under the United States Bankruptcy Code, Executive shall become entitled to earn additional compensation in the form of a retention incentive bonus equal to one and one-half percent (1 1/2%) of the fair market value of all assets actually collected by the Company post-bankruptcy petition, which bonus shall be paid as an administrative expense of the Company's bankruptcy estate and shall be subject to the approval of the Bankruptcy Court; provided that, subject to Section 4(a)(iv) hereof, Executive shall only be entitled to a retention incentive bonus to the extent that Executive is employed by the Company at the time of the actual collection of such assets. Executive's right to the retention incentive bonus will attach at the time such assets are actually collected by the Company. It is not necessary, however, that Executive be employed by the Company at the time Executive applies for Bankruptcy Court approval of the retention incentive bonus."
