Retention Pay definition
Examples of Retention Pay in a sentence
Retention Pay shall be considered as part of an employee's regular rate of pay for the purpose of computing overtime pay due under this Agreement.
Effective June 30, 2008, employees who have completed twenty-six (26) years or more of service as a uniformed member of the Department shall receive an additional two percent (2%) Retention Pay, for a total of four percent (4%).
Retention Pay that was being paid to a member at the time the member became disabled shall be included in the member’s disability benefits.
Members who are permanently assigned by the Chief of Department to a Hazardous Material Specialist assignment may stack this premium with Retention Pay and Training and Education Achievement Pay.
Retention Pay shall be considered as part of an employee's salary for purposes of computing retirement benefits and retirement contributions.
Retention Pay may be stacked with Training and Education Achievement Pay.
Employees who have completed twenty-three (23) years or more of service as a uniformed member of the Department shall receive 2% Retention Pay.
Retention Pay shall be considered as part of an employee’s salary for purposes of computing retirement benefits and retirement contributions.
As a condition to Payment of the Retention Pay and Benefits, Executive agrees not to disclose to any person, agency or court the terms and provisions of this Agreement, or any of the discussions between Executive and the Company's representatives relating to this Agreement, unless Executive is expressly compelled to do so pursuant to legal process (e.g., a court summons or subpoena), or as otherwise required by law.
Other than as expressly provided in this Agreement, Executive, and not the Company, is liable for federal, state and local income taxes and any employee's share of employment taxes on the Retention Pay and Benefits.