Common use of Incentive Allowance Clause in Contracts

Incentive Allowance. A. The Town shall pay each qualified employee an educational incentive allowance as follows: 1. Seven (7) semester hour credits shall yield an educational incentive allowance of two hundred fifty dollars ($250); 2. Twenty-five (25) semester hour credits shall yield an educational incentive allowance of five hundred dollars ($500); 3. Forty-five (45) semester hour credits shall yield an educational incentive allowance of seven hundred dollars ($700); 4. An Associate’s Degree in criminal justice, sociology, public administration, business administration, management science, computer science, political science or psychology shall yield an educational incentive allowance of nine hundred fifty dollars ($950); 5. A Baccalaureate Degree in criminal justice, sociology, public administration, business administration, management science, computer science, political science or psychology shall yield an educational incentive allowance of one thousand two hundred dollars ($1,200); and 6. A Master’s Degree, in criminal justice, sociology, public administration, business administration, management science, computer science, political science or psychology; or a Juris Doctor (▇.▇.), shall yield an educational incentive allowance of one thousand four hundred dollars ($1,400).