Common use of Retention Incentive for Employees at the Salary Range Maximum Clause in Contracts

Retention Incentive for Employees at the Salary Range Maximum. This retention incentive for employees at the salary range maximum provision shall be in effect from the effective date of this Agreement through June 30, 2019. Employees (in the above specified job classifications) who have been at the maximum salary rate for their job classification for six (6) or more months may receive a discretionary lump sum payment of up to two thousand five hundred dollars ($2,500). Such payments are permitted only when the employee has demonstrated satisfactory or better job performance. Such payments may be granted once per fiscal year.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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