Educational incentive pay definition

Educational incentive pay means incentive pay
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Educational incentive pay means incentive pay designed to reward completion of certain hours of college credit, adjusted by the city from time to time, that is paid to a member in addition to the member's salary.
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Examples of Educational incentive pay in a sentence

  • Educational incentive pay shall begin on the first full pay period after the employee has documentation to the Police Chief or designee that shows the requisite certificate(s), training and/or education has been attained.

  • Educational incentive pay is not to be considered a part of the employee's base pay.

  • Educational incentive pay for associate’s and bachelor’s degrees earned are mutually exclusive of one another and may not be combined.

  • Educational incentive pay will be included in the regular rate for overtime purposes.

  • Educational incentive pay shall not be computed for payroll purposes such that the payment results in a supplement to base salary compensation, particularly where it would have a compounding wage effect upon overtime and acting assignment compensation.

  • Educational incentive pay will be granted to employees based on the following percentages of their current base salary.

  • Educational incentive pay shall not start for one year after employment with the City of San ▇▇▇▇ Obispo, but credit will be given for approved education obtained prior to that time.

  • Educational incentive pay is not applied to overtime/backfill hours.

  • Educational incentive pay will be paid to Employees with a qualifying AA or AS degree equal to 2.5% base pay, 4% for a BA or BS degree, and 5% for an MA, MS, MPA; or JD.

  • Educational incentive pay shall be effective beginning with the next monthly payroll cycle following the Employee’s written notification and approval by the police chief.

Related to Educational incentive pay

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.