Common use of One-Time Payments Clause in Contracts

One-Time Payments. The following one-time payment is limited to the two years cited in this agreement and is not scheduled to recur in the future: 2.1 to tie the 3% health inflator to the Kaiser Bay Area Premium rate increase up to a maximum of 3% and freeze the “employee only” and “employee and one dependent” Flex Dollar Allowance. The $4,000 payment will be split as follows: $2,000 will be paid with the first pay period in July 2018 or upon approval by the City Council, whichever is latest, and $2,000 will be paid with the first pay period in July 2019. This payment will not contribute to Classic or PEPRA employees’ pensions and is subject to normal payroll taxation.