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 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
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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.
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Examples of Ratification Bonus in a sentence

  • 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.

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

  • 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.

  • Full-time employees $1,500.00 Part-time employees $1,000.00 Temporary-Part-time employees $350.00 Ratification Bonus to be paid within three (3) weeks of ratification of the agreement.

  • 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: 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.

  • A one-time, single Ratification Bonus payment in the amount of $400.00 shall be paid within thirty days after ratification of this 2015-2017 MOU to all employees in the classifications in Exhibit A on payroll as of the effective date of this contract, except those employees who will participate in the trial 4/10 Alternative Work Schedule.

  • Ratification Bonus Effective the pay period which begins July 29, 2018, or in the first full pay period following adoption of the agreement, whichever is later, Regular Hire employees shall receive a one- time, non-pensionable payment of $500.

  • Eligible GAs will receive a Contract Ratification Bonus Payment in the amount of $184, less regular payroll deductions and contributions, within sixty (60) calendar days following ratification.

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

  • Wage Rates Contract Ratification Bonus A contract Ratification bonus of $500 $1,000 shall be paid to eligible employees who are actively employed with the Employer (not on leave) in the payroll week when such payment is made by the Employer.


More Definitions of Ratification Bonus

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.
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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 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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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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Related to Ratification Bonus

  • Retention Bonus means an incentive bonus provided under

  • 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 any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • 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 shall have the same meaning as the term "parachute payment" defined in Section 280G(b)(2) of the Code.

  • 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 (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • 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;