Hiring Incentive Clause Samples
A Hiring Incentive clause establishes a financial or other benefit provided to an employee or candidate as motivation for accepting a job offer or joining an organization. Typically, this clause outlines the amount, form, and timing of the incentive—such as a signing bonus paid upon commencement of employment or after a specified period of service. Its core practical function is to attract desirable talent in competitive markets by offering additional compensation, thereby addressing recruitment challenges and encouraging candidates to accept offers promptly.
Hiring Incentive. Upon the Effective Date, or as soon as practicable thereafter, Employee shall receive an option to purchase a total of 20,000 shares of IHOP Corp. common stock. Such stock option shall be subject to the terms of the IHOP Corp. 1991 Stock Incentive Plan, as amended, and a Stock Option Agreement setting forth, among other things, the option exercise vesting schedule and option exercise price.
Hiring Incentive. PIC may, as funding allows and need requires offer one time hiring incentive bonus not to exceed ten percent (10%) of the annual starting salary for individuals who accept full time employment for difficult to hire positions.
Hiring Incentive. The Board of Education of Cambridge CUSD 227 and the Cambridge Education Association-IEA/NEA hereby agree that should both the Board and the Association mutually determine that a vacancy constitutes a “hard-to-fill” position; the Board may unilaterally establish and offer a one-time hiring bonus to be paid to the teacher who accepts the position. Teachers employed for “Hard to Fill” positions will receive a 10% bonus of the base salary on the salary schedule in effect during the teacher’s first year of employment with the school district. Fifty (50%) of the bonus will be paid at the end of the teacher’s first year of employment with the school district, twenty percent (20%) of the bonus will be paid at the end of the teacher’s second year of employment with the school district, and thirty percent (30%) will be paid at the end of the teacher’s third year of employment with the school district.
Hiring Incentive. The proposed increase to the hiring incentive is intended to provide a more substantial, immediate monetary incentive to potential candidates for the City’s Animal Shelter Veterinarian FT recruitments and the Division Manager positions in Animal Care and Services if these positions need to be recruited for again in the future. On August 15, 2022, the City and CAMP reached a side letter agreement to increase the one- time, non-pensionable lump sum payment hiring incentive for new Animal Shelter Veterinarian FT hires, as follows (Attachment A). The hiring incentive approved by the Council on June 7, 2022, for the Animal Shelter Veterinarian FT classification also applied to the Division Manager overseeing the Veterinarian Program in Animal Care and Services. To maintain consistency, the City is recommending an increase to the hiring incentive for new hires in the Division Manager overseeing the Veterinarian Program and expanding this hiring incentive to the non-medical Division Manager that oversees the dispatcher and field operations in Animal Care and Services for employees hired into this position between September 4, 2022, through June 30, 2024. As the Division Manager classification is assigned to Unit 99, there are no meet and confer obligations over the incentive. Per the agreement between the City and CAMP, the City may end this program prior to June 30, 2024, at its sole discretion upon notification to CAMP. Similarly, the City maintains the right to end this hiring incentive for Division Managers in Animal Care and Services prior to June 30, 2024. To maintain consistency with the maximum amount allowable for the Animal Shelter Veterinarian FT classification under the Hiring Incentive Pilot Program, the City is recommending the creation of a retention bonus for the Division Manager classification in Animal Care and Services for employees hired into this position prior to September 4, 2022. The total value and structure of this retention bonus when combined with the hiring incentive for new hires into the Division Manager position overseeing the Veterinarian Program in Animal Care and Services prior to September 4, 2022, is equivalent to the $20,000 hiring incentive that shall be available to new hires of either Division Manager position on or after September 4, 2022 and through June 30, 2024.
Hiring Incentive. The District may offer a hiring incentive to Minnesota licensed teachers not to exceed $5,000.00 paid out over a one (1) or two (2) year period and will notify the WBLTA President prior to board action. The District retains sole discretion on whether to offer such incentive and the actual amount of the incentive up to the stated maximum.