Intentions. By being removed from the salary schedule, the Member shall be paid at the same rate as the year prior to entering into the incentive period for the entire duration of the incentive period, and the earnings increase/enhancement shall be paid in one lump sum (subject to standard deductions) on or before June 30 of the last year of the employee’s employment. $40,000.00. The member’s final year earnings will be enhanced by a total of $2,400.00 (i.e. $40,000.00 x 1.06 = $42,400.00), and otherwise will be paid the same rate as the prior year.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Intentions. By being removed from the salary schedule, the Member shall be paid at the same rate as the year prior to entering into the incentive period for the entire duration of the incentive period, and the earnings increase/enhancement shall be paid in one lump sum (subject to standard deductions) on or before June 30 of the last year of the employee’s 's employment. $40,000.00. The member’s final year earnings will be enhanced by a total of $2,400.00 (i.e. $40,000.00 x 1.06 = $42,400.00), and otherwise will be paid the same rate as the prior year.
Appears in 1 contract
Sources: Collective Bargaining Agreement