Career Award Sample Clauses

Career Award. In recognition of dedicated service to the children of Braintree, any employee covered by this Agreement who has been employed for ten (10) consecutive years in the Braintree School System shall be eligible for a "Career Award" in the form of an increase in compensation in the final year of employment by following the established procedure. Eligible employees who desire to participate in the "Career Award" program will notify the Superintendent by November 1 of the calendar year prior to the school year in which they intend to retire of their intention to retire, under the provisions of the Massachusetts Teachers Retirement Act or the Town of Braintree Retirement Act. All Units: If such notice is submitted in writing by November 1, then, at the commencement of the final year of teaching, the annual salary of the individual concerned will be increased by one thousand dollars ($1,000), and this amount shall be payable in equal installments over the final school year. In addition, all sick leave days accumulated by a retiring individual prior to his/her final year of employment will be reimbursed at the rate of $12 per day. This amount will also be added to the final year's salary and shall be payable in equal installments over the final school year. In the event the individual fails to retire under the provisions of either of these Acts immediately at the conclusion of the school year (unless prevented from so by death), the employee will agree in writing to repay the Town of Braintree the differential between salary which was actually received under the provisions of this Section and that which the employee would have received had he or he/she not submitted the intention to retire, said amount to be deducted from the final summer paychecks of the school year.
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Career Award. Supervisors of Attendance shall receive career awards in accordance with Article VIII(N) of this Agreement.
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Career Award. On a one-time basis only, the PRINCIPAL shall be entitled to a $1,000 Career Award in recognition of dedicated service to the children of Plainville for having been employed for ten (10) consecutive years in the Plainville School System upon retiring from Plainville Public Schools. In order to receive this career award, the PRINCIPAL must notify the Superintendent by October 1st of the calendar year prior to the year which he/she intends to retire.
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Career Award. Those drivers, attendants and monitors who have ten (10) years of full- time continuous service or 12,000 hours of continuous service as a Pittsford employee, who are eligible to retire and do retire under the New York State Employees’ Retirement System or under the Social Security System, shall be paid an allowance of $30/day for each unused accumulated sick day at retirement.
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Career Award. Administrators who have been employed in the District as an administrator for 10 years immediately preceding retirement and who retire through the NYS Teachers’ Retirement System shall be eligible for this benefit. For an administrator to be eligible for the Career Award, an irrevocable letter of resignation for retirement purposes must be submitted to the District and accepted by the BOE by the last day of the first academic semester in the last year of service. Payment in the amount of $30,000 will be made in $10,000 installments in each of the three years immediately following the administrator’s retirement. Said payments shall be made solely in the form of an employer non‐elective contribution to the administrator’s approved IRC 403(b) account pursuant to the Internal Revenue Code Section 403(b) and the applicable regulations. No cash or other form of compensation shall be available, with exceptions made for other provisions within this agreement. However, should the retiring administrator be deceased prior to receiving any of the remaining payments, such payment will be paid in cash to the estate of the deceased.
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Career Award. A. A career award of $25,000 will be paid to any Administrator with a minimum of 10 years of service in East Rochester and who is eligible to retire with TRS or ERS and who retires from the district. An Administrator must provide written, irrevocable notice to the Superintendent of Schools, no later than January 5 of the school year the administrator intends to retire.
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Career Award. Career awards will be granted as follows: After the completion of ten (10) years. $229 After the completion of fifteen (15) years. $574 After the completion of eighteen (18) years. $689 After the completion of twenty (20) years. $860 The payment will be made in one lump sum payment in July. Each member of the unit will continue to receive the Career Award, which accumulates throughout the remainder of their service with the District.
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Career Award. 27-1 Employees who have 10 years of full-time, continuous service or 12,000 continuous contract hours of service, shall be eligible upon retirement through the NYS Employees' Retirement System and/or the Social Security System, to be paid an allowance of $40/day for each unused personal and family illness day AND $250.00 for each year of service to a maximum of $13,000. To be eligible for the career award employees can retire anytime between November 1 and March
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Related to Career Award

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Dividend Equivalent Rights In the event that the Company declares and pays a dividend in respect of its outstanding shares of Stock and, on the record date for such dividend, you hold Restricted Stock Units granted pursuant to this Agreement that have not been settled, the Company shall create a bookkeeping account that will track, (a) to the extent the dividend paid to stockholders generally was a cash dividend, the cash value you would have been entitled to receive as if you had been the holder of record of the number of shares of Stock related to the Restricted Stock Units that have not been settled as of the record date, or (b) to the extent the dividend paid to stockholders generally was paid in the form of property, the property you would have been entitled to receive as if you had been the holder of record of the number of shares of Stock related to the Restricted Stock Units that have not been settled as of the record date. All DER amounts credited to your bookkeeping account pursuant to this Section 3, if any, shall be deemed converted into shares of Stock on the date that the Restricted Stock Units vest (based on the Fair Market Value (as such term is defined in the Management Stockholder’s Agreement) of Stock on such date and rounded down to the nearest whole share of Stock) and paid to you in the form of additional shares of Stock on the date that the underlying Restricted Stock Units associated with such DER amounts are settled pursuant to Section 5 below. In the event that the Restricted Stock Units are forfeited to the Company without settlement to you, you will also forfeit any associated DER amounts. No interest will be payable with respect to DER amounts credited to your bookkeeping account, if any, that represent cash dividends. Property, if any, deemed credited to DER bookkeeping accounts representing dividends paid in property will be deemed invested in such property until the DER amounts are deemed converted to shares of Stock pursuant to this Section 3. The bookkeeping accounts, if any, created to track DER amounts are phantom accounts and the Company is under no obligation to set aside cash or property with respect to any DER amounts. Valuations made pursuant to this Section 3 (including any valuation of property deemed credited to a bookkeeping account) will be made by the Committee, or its designee, in its sole discretion and such valuation will be final and binding.

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