Common use of Retention Incentive Clause in Contracts

Retention Incentive. In addition to the salary scale adjustment provided in (1) and (2) above, on July 1, 2021 and July 1, 2022, all employees shall be eligible for a payment equal to 1.5% of their base salary as a retention incentive. This payment will be made through the normal payroll process. An employee who leaves employment is not entitled to the balance of the retention incentive.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Retention Incentive. In addition to the salary scale adjustment provided in (1) and (2) above, on July 1, 2021 2021, and July 1, 2022, all employees shall be eligible for a payment equal to 1.5% of their base salary as a retention incentive. This payment will be made through the normal payroll process. An employee who leaves employment is not entitled to the balance of the retention incentive.

Appears in 2 contracts

Samples: Agreement, Agreement

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