Retention Bonus definition

Retention Bonus means the amount equal to:

Retention Bonus means the Executive's benefit, as described in Subsection 2.1 of this Agreement.

Retention Bonus. In recognition of years of service to the County, all regular hire employees on the books upon ratification of this Agreement, will be paid a one-time, non- pensionable, $1,000 retention bonus effective August 21, 2022. All regular hire employees who are on the books July 1, 2023, will be paid a one-time, non-pensionable, $1000 retention bonus 2023, in recognition of years of service to the County. Part time employees will be paid a prorated amount based upon their FTE in 2022 and 2023. Hard to Fill Bonus: Effective August 21, 2022, when a position is deemed “hard to fill”, as determined by Human Resources, after notification to the Union, new employees hired after July 1, 2022, shall be eligible for up to a $2,500-$10,000 signing bonus. “Hard to fill” generally means an approved open recruitment has been unfilled for six (6) months, or the approved recruitment needed to re-open more than once because the County was unable to hire a candidate for the opening, or the County can show a difficulty retaining employees in the classification, or other similar agencies are offering a signing bonus for the classification. The signing bonus shall be split, and the new employee shall be aid 50% of the signing bonus in the first paycheck and 50% of the bonus after successful completion of the probationary period. In any case, if the employee does not complete the first full year of employment, the employee shall reimburse the County for the signing bonus received.

Examples of Retention Bonus in a sentence

• This Agreement constitutes the entire agreement between you and the Company with respect to the Retention Bonus and supersedes any and all prior agreements or understandings between you and the Company with respect to the Retention Bonus, whether written or oral.

• If this Agreement accurately reflects your understanding as to the terms and conditions of the Retention Bonus, please sign, date, and return to me one copy of this Agreement.

• Any payment of the Retention Bonus shall be paid net of any applicable withholding required under federal, state or local law.

• The occurrence of a default pursuant to Section 2 of the Retention Bonus Agreement (as defined in the Stock Purchase Agreement) entered into between the Maker, Manta and the Payee.

• The Retention Bonus is a special payment to you and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death or other benefit under any other bonus, incentive, pension, retirement, insurance or other employee benefit plan of the Company, unless such plan or agreement expressly provides otherwise.

More Definitions of Retention Bonus

Retention Bonus means an incentive bonus provided under

Retention Bonus shall have the meaning assigned to it in Section 5.8(d).

Retention Bonus is defined in Section 4.3(a). ---------------

Retention Bonus means the bonus for which a Participant is eligible pursuant to Article 5 of this Plan.

Retention Bonus means the amount payable to the Executive pursuant to Section 2(a).

Retention Bonus means the amount payable as determined pursuant to Section 2.1.

Retention Bonus means the bonus compensation that the Company has agreed to pay to the Executive pursuant to Article 2 upon the occurrence of a Change of Control.