Incentive Alternatives and Method of Incentive Payment Sample Clauses

Incentive Alternatives and Method of Incentive Payment a) Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of 3 instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the employee and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Age 65 Payout 1 20% of annual salary
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Incentive Alternatives and Method of Incentive Payment a) Lump Sum Payments The retiring allowance of 75% of step 11 of Article 9.01 shall be paid in annual instalments, to a maximum of three (3) instalments to be paid on agreed-upon dates acceptable to the faculty member.
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Incentive Alternatives and Method of Incentive Payment 
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Related to Incentive Alternatives and Method of Incentive Payment

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Compensation and Method of Payment Subject to any limitations set forth below or elsewhere in this Agreement, District agrees to pay Consultant the amounts specified in Exhibit B “Compensation”. The total compensation, including reimbursement for actual expenses, shall not exceed Ninety-Two Thousand Dollars ($92,000.00), unless additional compensation is approved in writing by the District.

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

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