Yearly Incentive Sample Clauses

Yearly Incentive. Employees who accumulate unused paid sick leave in excess of sixty (60) days will be paid for twenty percent (20%) of such excess (full days only) at the close of each fiscal year. The number of such days accumulated will thereupon be reduced by the number of days for which payment is received. It is the intent of this Section that reliable service be rewarded and that career employees be enabled to share the mutual benefits of continued good health.
AutoNDA by SimpleDocs
Yearly Incentive. On the last pay date of July, an employee will be paid a financial incentive of 25¢ per hour for the prior fiscal year if the employee did not use more than three (3) sick, personal, or unpaid leave days during the prior fiscal year.
Yearly Incentive. On the last pay date of July, bus drivers will be paid a financial incentive of $200 for the prior fiscal year if the employee did not use more than two (2) absences in the first semester and no more than two (2) absences during the second semester of said fiscal year for absence reasons of sick (other than for bereavement as provided for in Section 4), personal, or unpaid leave days. Note 1: Absences, and sick leave if used, shall not be counted against an employee in terms of eligibility for or calculation of the above financial incentives for matters directly pertaining to the following: ♦ Injury covered under Workers’ Compensation; ♦Jury duty of the employee; ♦Work-related subpoena received by the employee; ♦Association Leave; ♦Bereavement Leave (as defined in Article 6, Section 4). In order to waive such an absence in relation to the financial incentive, the employee must supply proper documentation to management prior to the absence. Note 2: Time cards are work time records covered under Board of Education Policy 4218. No employee is authorized to punch or otherwise tamper with another employee’s time record. Doing so is considered a serious work violation that could result in a first offense discharge of one or both of the employees dependent upon who is found responsible for this infraction.
Yearly Incentive. On the last pay date of July, bus drivers will be paid a financial incentive of 25¢ per hour for the prior fiscal year if the employee did not use more than three (3) sick, personal, or unpaid leave days during the prior fiscal year.

Related to Yearly Incentive

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • 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.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • 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.

  • Performance Incentives Provided that sufficient funds are available from athletics revenue or gifts for the unrestricted use of the Department of Athletics, Athletics Director shall be entitled to receive additional non-salary compensation from the University in the form of the following stated bonuses for increased responsibilities, provided that all varsity sports are in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Athletics Director knew or should have known. [Insert Incentives – See examples below

  • Sick Leave Incentive Effective September 1, 1986, employees covered by this Agreement, hired on or after October 1, 1977, who are not entitled to disability leave under State Statute R.C.W. 41.26, shall be eligible for the following sick leave incentive program:

Time is Money Join Law Insider Premium to draft better contracts faster.