Sign-On and Referral Bonuses Sample Clauses

Sign-On and Referral Bonuses. Sign-On and Referral Bonuses: If University Hospital determines that implementation of Sign- On or Referral Bonuses is necessary for recruitment and/or retention of employees in specific titles or on specific units, the following schedules of payment shall be utilized: Sign-On Bonus – for one to three years of specific experience, $5,000 paid out in three increments ($2,000 when employment begins; $1,000 upon successful completion of probationary period; $2,000 upon completion of one year of employment). Sign-On Bonus – for three or more years of specific experience, $10,000 paid out in three increments ($2500 when employment begins; $2500 upon successful completion of probationary period; $5000 upon completion of one year of employment). Not eligible for Sign-On Bonus if less than one year of specific experience. Referral Bonus – UH Staff Nurses who refer experienced Staff Nurses for Staff Nurse positions in specified units, as determined by the Hospital, shall be eligible to receive a Referral Bonus to be paid out in two increments ($1,000 when the applicant’s employment begins; $1,000 upon successful completion of new hire’s probationary period). A referred Staff Nurse applicant must have a minimum of one year of work experience in the designated specialty area, as determined by HR. If the Hospital determines that changes to these programs are needed, it will advise the Union prior to implementation. Requests by the Union to discuss such changes will not be unreasonably denied.
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Sign-On and Referral Bonuses. The sign-on and referral bonuses shall be:
Sample 1

Related to Sign-On and Referral Bonuses

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