Attendance Bonus Program Sample Clauses

Attendance Bonus Program. The Company will provide an Attendance Bonus for those full-time employees (excluding sales representatives) who go through a given year with two sick days or less. In any year in which an employee is not absent from work in one calendar year, he or she shall receive a bonus of six hundred ($600.00) dollars; if an employee is absent one (1) day, he or she shall receive a bonus of four hundred ($400.00) dollars; if an employee is absent two days, he or she shall receive a bonus of two hundred ($200.00). This payout will commence January 1, 1994 for all eligible employees, to be paid out prior to January 31 of each calendar year. To qualify to be paid out:
Sample 1
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Attendance Bonus Program. Each bargaining unit employee who has perfect attendance as defined below in a given month period shall be entitled to a bonus calculated as 5% of monthly wages earned for all regular hours worked during the given month. “Perfect attendance” is defined as meeting the following requirements during the relevant measurement period: 1) working all scheduled shifts, 2) no call offs or early departures from scheduled shifts (does not include times when the Employer releases staff due to low census), 3) no vacation or other time off work of greater than two (2) weeks, 4) no tardiest, and 5) no discipline. Failure to meet any of these requirements will disqualify the employee from receiving the perfect attendance bonus during the relevant measurement period. Each bargaining unit employee who has perfect attendance as defined above in a given month period shall be entitled to a bonus. The employee must be employed during the entirety of the measurement period in order to be eligible for a perfect attendance bonus during that period. Example: CNA earning $18/hr. $18/hr. x 40hrs/wk. x 4 wks. = $2880 x 5% = $144monthly bonus
Sample 1
Attendance Bonus Program. 25.01 The Company will maintain its current proctice throughout the life of this agreement.
Sample 1

Related to Attendance Bonus Program

  • Attendance Bonus Employees are eligible for an attendance bonus when every shift is satisfactorily worked throughout the monthly schedule period and no changes are requested in the schedule by the employee except for trading shifts as provided for in Article 13.4.4 or utilizing unpaid union leave. To qualify, a minimum of 130 compensated hours must have been worked during the qualifying period. The bonus will be an additional twenty-five ($0.25) per hour on only the hours worked in the qualifying period.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Attendance Incentive It is the desire of both the Employer and the Union to provide consistent quality bus service for all students. It is also a mutual desire to have qualified permanent District bus drivers available to drive all identified bus routes. Based on this mutual interest, the parties agree to this Attendance Incentive program during the life of the Agreement:

  • POST AWARD MEETING Within ten (10) days after receipt of notification of award of bid, Contractor shall meet with the County’s representative(s) to discuss job procedures and scheduling.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board.

  • Sick Leave Incentive Program MSUAASF and Minnesota State may develop a sick leave incentive program through the establishment of a joint committee.

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