Ratification Bonus definition

Ratification Bonus. Effective the first full pay period in November 2016, regular Pharmacy Technicians and Warehouse Workers will receive a one-time lump sum bonus of eight hundred seventy-five dollars ($875), not prorated for FTE. Effective the first full pay period in November 2016, regular Pharmacy Assistants will receive a one-time lump sum bonus of three hundred dollars ($300), not prorated for FTE.
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Ratification Bonus. For employees on the active payroll as of March 31, 2017, and who are also on the active payroll as of the date of payment, there will be a ratification bonus of $350 based on full-time FTE. For example, a 1.0 FTE shall receive a bonus of $350, a .5 FTE shall receive a bonus of $175, and so on. Per diem and supplemental employees shall receive a bonus based on .2 FTE of $70. The bonus will be paid within two pay periods of ratification.
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Ratification Bonus. The Employer will pay a ratification bonus of two hundred fifty dollars ($250.00) pro-rated by FTE, provided the nurse is on the active payroll as of the date of ratification and the date of payout. For purposes of this bonus, Supplementals shall be considered a .1 FTE. PREMIUM PAY: RN Charge Nurse Premium: $2.25/hour Educational Premium: CRN or RNFA $1.50/hour ($3.00/hour for both) BSN or MSN $2.00/hour for either for both (10/1/15 the BSN or MSN premium shall be increased by $0.50, to a total of $1.50/hour) CRN or RNFA plus BSN and/or MSN $3.50/hour CRN and RNFA plus BSN and/or MSN $5.00/hour Shift Differential: Evenings $2.50/hour Nights $3.75/hour Standby (On-Call): Weekdays $3.50/hour Weekends/Holidays $4.00/hour Preceptor Premium: $1.50/hour Weekend Premium: $3.00/hour Float Premium: $2.25/hour for all hours floated to other Department Supplemental Nurse Premium: 13% premium on regular rate for hours worked, in lieu of any benefits
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Examples of Ratification Bonus in a sentence

  • Ratification Bonus payments will be subject to all applicable federal and state tax withholdings.

  • Ratification Bonus payments will not be considered compensation reportable to CalPERS or included in the calculation of regular rate for overtime, benefits, or for any other purpose.

  • The tentative five-year contract addresses several major issues (see summary for more details): Ratification Bonus: $4,000 to all regular employees, apprentices and probationary employees provided that the master and all plant agreements are ratified on the first vote.

  • Ratification Bonus: The Company will make a$4,000 ratification bonus payment to each full-time, active employee (Regulars, Apprentices and Probationary hired on or prior to 1/01/19) on the condi- tion that both the Proposed National Master and their Local Supplement are ratified on the initial vote and such results are communicated to the Company by the date agreed upon by the parties.

  • Ratification Bonus payments will not be included in wages for computations of overtime, benefits or for any other purpose.

  • Ratification Bonus payments will be subject to all applicable federal, state and local tax withholdings.

  • As noted in the discussion of data the information comes from various sources.

  • A one-time, single Ratification Bonus payment in the amount of $7,500.00 shall be paid within thirty days after ratification of this 2015-2018 MOU to all employees in the classifications in Exhibit C on payroll as of the effective date of this contract.

  • Sincerely, Xxxx Xxxxxxxxx Plant Chairman UAW Local 1216 Subject: Ratification Bonus This letter is to confirm that the International UAW, Local 1216 and Ventra have agreed on a tentative agreement.

  • UFCW LOCAL #1063 RATIFICATION BONOS Effective no later than the second week of December 1987 (December 6th-12th) a Ratification Bonus shall be paid to the following classifications: All Department Heads All "Thereafter" Clerks (excluding Courtesy Clerks) In the following amounts: Full-time $ 1,000 Part-time $ 500 Macon and full-time Augusta only $ 300 The following rules shall apply: Employees must be on the payroll six (6) months or longer as of ratification.


More Definitions of Ratification Bonus

Ratification Bonus. A ratification bonus of shall be paid upon ratification of this agreement. VEHICLE LICENSE to replace cost of plate (Article 11)
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Ratification Bonus. Employees who are on the payroll of the Company at the time of ratification will receive a one-time lump sum payment of two hundred ($200.00) dollars. Employees who are on the payroll of the Company as of May 1, 2023 will be eligible for an additional one-time lump sum payment of two hundred ($200.00) dollars. The words “on the payroll of the Company” shall include all employees who are currently on vacation, authorized leave of absence, sick leave, injury leave, STD/LTD, workers compensation, maternity leave or parental leave. Such payments shall on be made to employees in active status upon their return to work.
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Ratification Bonus. For all employees on the active payroll as of April 1, 2017, and who are also on the active payroll as of the date of payment, there will be a ratification bonus of $750 based on full- time FTE. For example, a 1.0 FTE shall receive a bonus of $750, a .5 FTE shall receive a bonus of $375, and so on. The bonus will be paid within two pay periods of ratification. THE UNION DIFFERENCEAs a union member, you have certain rights at your workplace: Statement of Your Right to Union Representation (Xxxxxxxxxx Rights) A Voice at Work “I understand that this proceeding is for the purpose of investigating whether I may receive discipline. Therefore, I request that a union representative be present on my behalf before this proceeding continues. If you insist that the proceeding continue without allowing me union representation, I hereby protest your denial of rights guaranteed to me under federal labor law.” Because you have a union, you have a voice at work. A negotiating committee of union members and staff negotiate with management—as equals— over wages, benefits, working conditions, and other issues. The union committee pushes for the issues that union members choose. The result of negotiations is a proposed contract which members vote on before it takes effect. Right to Union Representation Every union member has the right to union representation during an investigatory interview that could lead to discipline. This is called your “Xxxxxxxxxx” right, after a Supreme Court case which established the right to representation. Just Cause for Discipline Know Your Rights: • Fair Treatment and Respect • Family and Medical Leave • Union Representation Learn more about your rights: xxx.xxxx00.xxx The just cause provision in your union contract ensures you have due process in cases of discipline. The just cause standard is a well-defined set of legal rules that involve several different “tests” of a disciplinary action. The tests of just cause provide considerable protection against retaliation, discrimination, or other unfair actions. The Security of a Union Contract As a union member, your wages and working conditions are spelled out in writing in a legally- binding union contract. You are not alone at the workplace—instead, you have the security of knowing that your rights are protected by your union contract and backed up by the 46,000 other members of UFCW 21. Our mission: building a powerful Union that fights for economic, SCHOLARSHIP INFO | BARGAINING UPDATES | XXXXXXX...
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Ratification Bonus. If contract ratified prior to 12/1/2019, nurses employed at ratification will receive a ratification bonus of $1,000 per nurse, prorated by FTE with minimum bonus of $250 to each relief or retiree relief nurse. 14 Step and Grade Xxxxxxx XXX 12/1/2019-11/30/2023 14 1.5% 6/1/2020 15 1.25% 12/1/2020 16 1.5% 6/1/2021 17 1.25% 12/1/2021 18 1.5% 6/1/2022 19 1.25% 12/1/2022 20 1.25% 6/1/2023 1Step increase 06/1/23 2 N3 - Additional 4.0% for nurses with a BSN and an Advanced Certificate 5 N4 - Additional 5.0% for nurses with a MSN.
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Related to Ratification Bonus

  • Retention Bonus means the amount equal to:

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Annual Salary means the salary given under this Part.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Bonus Payments means that portion of the bonus payments received by the

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;