WAGES/BONUS Sample Clauses

WAGES/BONUS. SECTION 1. Employees will receive a 3% wage increase beginning with the first pay period in July 2018 Employees will receive a 2.5% wage increase beginning with the first pay period in July 2019, and an additional 2% wage increase beginning with the first pay period on July 2020. For fiscal years 2021 and 2022, the parties agree to reopen the contract for the sole purposes of negotiating wage increases and health insurance and dental insurance for those years. The parties agree to implement the attached salary grid (ARTICLE XXVII, Section 3), which implements the wage increases above. SECTION lA. Positions covered by this contract include: Part Time Teller, Full Time Teller, Member Service Representative I, Member Service Representative II, Assistant Head Teller, Collection Specialist, Mortgage Processor Specialist and ATM/Debit Card Specialist, ATM/Debit Card Representative.
Sample 1
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WAGES/BONUS. Bonus Year 1 Year 2 Year 3 Lump sum payment of Lump sum payment Lump sum payment $1500.00 to active (at of $1500.00 to of $1000.00 to work) employees as of active (at work) active (at work) the date of ratification. employees as of the employees as of the Any laid off employees 2006 anniversary 2007 anniversary will receive a prorates date of this date of this payment upon recall to agreement. Any laid agreement. Any work. off employees will laid off employees Employees on WSIB receive a prorated will receive a and/or Sick Leave will payment upon recall prorated payment receive a prorated to work. upon recall to work. payment upon return to Employees on WSIB Employees on work and/or Sick leave WSIB and/or Sick will receive a Leave will receive a prorated payment prorated payment upon return to work.. upon return to work. One payment of $1000 (one thousand) will be paid week ending December 16, 2005. One payment of $500 (five hundred) will be paid by January 13, 2006. Lump sum payments may be directed to individual RRSP’s at the employees request. Company will provide details of this procedure by December 1, 2005. Self Managed Work Team Agreement Bonus Payments $0.25 Eliminated Increase base wage rates by .25 cents Effective December 16, 2007 Schedule of Shift Premium Dec. 14/05: Afternoon shift : $0.60 "A" Union member either holds Certificate of Qualification (C of Q) and/or Technician/Technologist diploma "B" Union member has worked at least five (5) years in maintenance department and holds at least one (1) certificate (i.e. welding) "C ” Union member who functions as a maintenance trainee Night Shift : $0.95 Maintenance Definitions
Sample 1

Related to WAGES/BONUS

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Sick Leave Bonus For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • CHRISTMAS BONUS 16.01 All part-time employees on the payroll of the Company as of December 1st in any year who have completed six (6) months' continuous service with the Company shall be entitled to a Christmas Bonus of fifteen ($l5.00) dollars payable on or before December 15th.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Signing Bonus Executive shall receive a special one-time signing bonus in the amount of $300,000 (less statutory withholdings) payable within ten business days following the later of (i) the Company’s receipt of this Agreement signed by Executive or (ii) Executive’s commencement of employment hereunder.

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

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