Degree Incentive Program Clause Samples

Degree Incentive Program. Employees who receive the Degree Incentive program as of December 1, 1998 shall continue to do so on an annual basis. Employees hired prior to December 1, 1998, who subsequently earn a degree which qualifies for payment shall receive the payment once during their employment, not on an annual basis. Employees hired on or after December 1, 1998 shall not be entitled to degree incentive program benefits. The Township will pay eligible employees as defined above who earn or who have the following degrees pursuant to paragraph F at the rate shown: Associates $ 350 Bachelors $ 900 Masters $1100