Retention Incentive. (a) Upon the earliest to occur of the following dates and events while the Employee is employed by the Company, the Employee shall be entitled to receive a lump sum cash payment of $50,000 (the "Retention Incentive"):
Retention Incentive. If Employee is continuously employed at the Company through and including January 3, 2004, Employee shall receive a one-time additional incentive payment (the "Retention Payment") equal to ten percent (10%) of the base salary specified in Section 3.1 above, payable in cash, in Company stock, or in a combination of the two, at the sole discretion of the Board, on or before January 5, 2004.
Retention Incentive. If a change in control (as defined in subsection 7.3 above) or a strategic investor purchase (as is defined below) occurs while this Agreement is in effect, then Employee will be eligible for a retention incentive (in addition to any other payments or benefits provided under the other provisions of this Agreement, including but not limited to the provisions of Sections 5, 6 and 7 above) in accordance with the following provisions:
Retention Incentive. A retention incentive is awarded to promote continued satisfactory service with the District. The retention incentive is equal to 4% of the top step of the salary schedule. An employee is eligible to receive the retention incentive after the following criteria have been met.
Retention Incentive. In addition to the salary scale adjustment provided in (1) and (2) above, on July 1, 2021 and July 1, 2022, all employees shall be eligible for a payment equal to 1.5% of their base salary as a retention incentive. This payment will be made through the normal payroll process. An employee who leaves employment is not entitled to the balance of the retention incentive.
Retention Incentive a. To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash “Retention Incentive” in an amount equal to $1,237,500, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows:
Retention Incentive. ● The City of Golden Valley will pay a $3,000 Retention Incentive lump sum to all licensed peace officers who • are in active payroll status (not unpaid leave status) on October 1, 2022; • have worked at least 30 shifts between June 22, 2022 and October 1, 2022; and • have not been subject to discipline that results in termination or suspension between June 22, 2022 and October 1, 2022. ● The City of Golden Valley will pay a second $2,000 Retention Incentive lump sum to all licensed peace officers who • are in active payroll status (not unpaid leave status) on July 1, 2023; • have worked at least 117 shifts as a sworn officer between October 1, 2022 and July 1, 2023; and • have not been subject to discipline that results in termination or suspension between October 1, 2022 and July 1, 2023. ● The City of Golden Valley will pay a third $5,000 Retention Incentive lump sum to all licensed peace officers who • are in active payroll status (not unpaid leave status) on December 31, 2023; • have worked at least 48 shifts as a sworn officer between July 1, 2023 and December 31, 2023; and • have not been subject to discipline that results in termination or suspension between July 1, 2023 and December 31, 2023. If the employee resigns or is released from employment prior to any of the dates for the payments, the employee shall not receive any Retention Incentive payments due after the employee's resignation or termination date. Employees that are the subject of an internal affairs investigation are eligible for Retention Incentive pay at the conclusion of the investigation provided they meet all of the requirements described above. Employees on a leave of absence, whether paid or unpaid, are eligible for Retention Incentive pay upon return to work provided they meet the all of the requirements described above.
Retention Incentive. In recognition of Employee’s importance to the successful integration of Citizens Financial Bank into the Employer and the significant incremental efforts that such will entail, and to induce Employee to remain with the Employer on the terms and conditions set forth in this Agreement, the Employer shall pay Employee a Retention Incentive equal to $764,342. The Retention Incentive shall be paid in two equal installments: (1) the first installment shall be paid immediately following the Merger, and (2) subject to the following sentences, the second installment shall be paid on the first anniversary of the Merger. In the event the Employee’s employment terminates prior to the first anniversary of the Merger due to Employee’s death, disability, termination by the Employer without Cause or resignation by Employee for Good Reason, then the second installment shall be paid within fifteen days after such termination. If, prior to the first anniversary of the Merger, Employee terminates his employment without Good Reason or his employment is terminated by the Employer for Cause under Paragraphs 10(E), 12, 13, 14 or 15, Employee will not be entitled to the second installment.
Retention Incentive. The Retention Incentive is payable for some Billable Courses of Care only. Tables 2.1, 2.2, and 2.3 below describe to which Fee Levels and in which years Retention Incentives apply.
Retention Incentive. Where an employee completes their first Duration Posting and signs up for a subsequent term at the same Duration Posting, the employee will qualify for a further Retention Incentive of $5,000 regardless of Duration Posting term. This payment will be paid out in equal amounts over the course of their subsequent duration posting term.
