Training incentive definition

Training incentive means an annual lump sum award, the amount of which is adjusted in accordance with the Consumer Price Index pursuant to KRS 132.590(3)(c).
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Examples of Training incentive in a sentence

  • Section 43.1 Training incentive payment shall be paid to eligible employees on a per hour basis as established below.

  • Training incentive monies are also paid to all full-time bargaining unit members who complete Commission-approved training units.

  • The monthly salary ranges of each classification in the unit, including any applicable Peace Officers Standards and Training incentive pay, shall be as provided below: Police Sergeants must possess the Intermediate Peace Officers Standards and Training Certificate as a requirement for the position.

Related to Training incentive

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • 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).

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

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

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