Retention Bonus definition

Retention Bonus means the amount equal to:

Retention Bonus means the Executive's benefit, as described in Subsection 2.1 of this Agreement.

Retention Bonus. In recognition of years of service to the County, all regular hire employees on the books upon ratification of this Agreement, will be paid a one-time, non- pensionable, $1,000 retention bonus effective August 21, 2022. All regular hire employees who are on the books July 1, 2023, will be paid a one-time, non-pensionable, $1000 retention bonus 2023, in recognition of years of service to the County. Part time employees will be paid a prorated amount based upon their FTE in 2022 and 2023. Hard to Fill Bonus: Effective August 21, 2022, when a position is deemed “hard to fill”, as determined by Human Resources, after notification to the Union, new employees hired after July 1, 2022, shall be eligible for up to a $2,500-$10,000 signing bonus. “Hard to fill” generally means an approved open recruitment has been unfilled for six (6) months, or the approved recruitment needed to re-open more than once because the County was unable to hire a candidate for the opening, or the County can show a difficulty retaining employees in the classification, or other similar agencies are offering a signing bonus for the classification. The signing bonus shall be split, and the new employee shall be aid 50% of the signing bonus in the first paycheck and 50% of the bonus after successful completion of the probationary period. In any case, if the employee does not complete the first full year of employment, the employee shall reimburse the County for the signing bonus received.

Examples of Retention Bonus in a sentence

• Each Retention Bonus payment will be subject to all applicable local, state, and federal withholdings and any other deductions required by law.

• The intent of the parties is that the Retention Bonus be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and accordingly, to the maximum extent permitted, this Agreement shall be interpreted in a manner consistent therewith.

• If your position is eliminated through a reduction in force at any time prior to the 6 Month Anniversary Date, any unpaid portion of your Retention Bonus will be paid to you within 30 days following your termination of employment.

• If you agree to the terms of this Retention Bonus Letter Agreement, please sign the Agreement on or before July 31, 2023, after which date, this offer will expire.

• When any portion of the Retention Bonus vests pursuant to Section II(a) above, it shall be payable within 14 days following vesting.

More Definitions of Retention Bonus

Retention Bonus means an incentive bonus provided under

Retention Bonus means the amount payable as determined pursuant to Section 2.1.

Retention Bonus is defined in Section 4.3(a). ---------------

Retention Bonus means the bonus compensation that the Company has agreed to pay to the Executive pursuant to Article 2 upon the occurrence of a Change of Control.

Retention Bonus means the bonus for which a Participant is eligible pursuant to Article 5 of this Plan.

Retention Bonus means the amount payable to the Executive pursuant to Section 2(a).

Retention Bonus means a retention bonus payable to a Participant pursuant to the terms of this Plan.